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September 5, 2008

CyberPlat and Western Union team to offer global mobile top-up

Moscow, 20 October 2008 – CyberPlat®, the largest integrated broad-based multibank Internet payment system in Russia, and Western Union, a global leader in international money transfer services, today announced an agreement to provide a mobile top-up service for Beeline, MTS and Megafon subscribers. Top-up will be available outside Russia at all Western Union locations in which the Western Union® Quick Pay SM service. Quick Pay is offered at more than 170 000 participating Agent locations in more than 200 countries and territories of the world.

Now all Russians who find themselves abroad will be able to make a mobile top-up in almost any country of the world the same easy and convenient way they do at home.

To top up their personal mobile account, one has to:

• Go to a participating Western Union Agent location providing the Quick Pay service*;
• Fill in a form, in which in block letters specify the name CYBERPLAT and the name of the mobile operator: CYBERPLAT MTS, CYBERPLAT BEELINE or CYBERPLAT MEGAFON;
• Provide your mobile telephone number (ten digits in all);
• Specify the amount to be paid.

* To find out which Western Union locations offer the Quick Pay service, consumers can call Customer Service Centers in the country they are visiting or go to http://www.payment-solutions.com

Western Union charges a service fee in accordance with the tariffs scale developed within the framework of the agreement with CyberPlat.

For many years Western Union has been providing a mobile top-up service to its consumers in the USA through its Agent network. The new alliance with payment system CyberPlat will allow Western Union to offer this service to its Russian consumers.

Prior to the signing of the agreement with Western Union, the CyberPlat network comprised more than 200 000 points in Russia and the CIS. Now thanks to the alliance with Western Union, the number of points of service connected to the Cyberplat system has increased dramatically, exceeding the 370 000 mark.

Cyberplat payment system expanded outside Russia a long time ago. We are operating in the CIS countries. Having signed the agreement with Western Union we became the first Russian payment system with a global outreach. We set up and developed the market of instant mobile top-up services in the CIS. Now we are taking this conventional and convenient method of payment to the world. Subscribers to Russian mobile operators can now stay connected always and everywhere” —

says Andrey Gribov, Chairman and CEO of CYBERPLAT OJSC.

Jonathan Knaus, Regional Vice President Russia & CIS said:

The number of Russians going abroad on vacation or business trip is growing every year. We are glad that our relationship with this leader in electronic payment services in Russia and the CIS will allow us to offer additional convenience and comfort to Western Union consumers from Russia and help them stay connected wherever they are”.

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CYBERPLAT OJSC is the leading Russian Internet company offering its services in the e-commerce segment, including payment processing and secure online document interchange. The company’s product CyberPlat®, the universal multibanking integrated internet-payment system, is the absolute leader in the payment acceptance market. Currently, the CyberPlat® cash acceptance network consists of approximately 370,000 points of sale, accepting cash payments for the benefit of the leading telecommunication service providers, commercial television and numerous service providers nation-wide, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and many others. The total turnover of the system comprised 120.7 billion rubles (or 4.74 billion US dollars) in 2007. The CyberPlat electronic payment processing system is the member of GSM World Association. The company passed the operational health check with KPMG in compliance with the SAS-70 international standard. BDO Unicom is the official auditor of CyberPlat®.

For more information, visit www.cyberplat.com

The Western Union Company (NYSE: WU) is the world’s leader in global money transfer services. Together with its affiliates, Orlandi Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. It operates through a network of more than 355,000 Agent locations in over 200 countries and territories. Famous for its pioneering telegraph services, the original Western Union dates back to 1851.

For more information, visit www.westernunion.com

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