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January 25, 2005

Megafon-North Caucasus begins collecting payments through CyberPlat®

Megafon subscribers can now top up their accounts by paying cash at CyberPlat® outlets. Accounts are topped up online with no additional surcharge. The new service is currently available in two of the Megafon-North Caucasus regions: the Rostov oblast and the Krasnodar krai.

To pay for mobile services a customer just fills out a pay ticket and hands it to the clerk together with the cash. The amount is added to their account online whereupon the customer is given a receipt. The security of transactions is guaranteed by electronic signatures.

"Receipting payments through CyberPlat® greatly benefits the Megafon subscribers in the North Caucasus region. For us such cooperation with Megafon is a continuation of our policy of beneficial partnership aimed at active development of our business in all Russian regions" said Andrey Gribov, the Head of the Board of Directors of the "Platina" Bank that owns CyberPlat®.

Mobicom-Caucasus CJSC
Is a 100% subsidiary of Megafon OJSC, a GSM 900/1800 mobile operator in the North Caucasus region. The company holds a Communications Ministry license no 15412.

The Megafon network was launched into commercial use in the north Caucasus on August 17 2001. Today it covers 9 North Caucasian regions. In each of the regions the network covers all major cities, roads and recreation areas. Subscribers can move around within all of the North Caucasian Megafon network without having use roaming.

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