TNW Teleset Net

RNS Number:5110A
Teleset Networks PCL
19 July 2007



Press Announcement



Teleset Networks PLC
("Teleset" or "the Company")

Appointment of new director

19 July 2007 -- Teleset is pleased to announce that Mr. Gueorgui Horozov has
been appointed to the Board as a Non-executive Director.


Gueorgui Horozov has been with the Black Sea Trade and Development Bank
("BSTDB") since before its inauguration in early 1999. He heads the business
group in charge of BSTDB's Corporate and Project Finance activities in the
Infrastructure, Telecommunications, Energy, Oil and Gas sectors in all 11 BSTDB
member countries. Before joining BSTDB, Mr Horozov was Principal Banker with the
European Bank for Reconstruction and Development in London where he spent more
than five years dealing with cross-boarder telecoms and media investments. Prior
to focusing his professional activities on the Black Sea region, Mr Horozov has
been involved in both private and public sector debt and equity transactions in
Central and Eastern Europe, Russia and Central Asia. He holds an MBA degree from
INSEAD, Fontainebleau in France and CFEP from London Business School in the UK.
Mr Horozov is a regular speaker at investment forums.



CONTACT

+---------------------------------------------------+---------------------+
|Teleset Networks                                   |      +357 22 450 790|
+---------------------------------------------------+---------------------+
|Yiannis Demetriou                                  |                     |
+---------------------------------------------------+---------------------+
|                                                   |                     |
+---------------------------------------------------+---------------------+
|Black Sea Trade and Development Bank               |      +30 2310 290441|
+---------------------------------------------------+---------------------+
|Gueorgui Horozov                                   |                     |
+---------------------------------------------------+---------------------+
|                                                   |                     |
+---------------------------------------------------+---------------------+
|                                                   |                     |
+---------------------------------------------------+---------------------+
|Blue Oar Securities Plc - Nominated Adviser        |     +44 20 7448 4400|
+---------------------------------------------------+---------------------+
|Shane Gallwey                                      |                     |
+---------------------------------------------------+---------------------+
|                                                   |                     |
+---------------------------------------------------+---------------------+
|Metropol (UK) Limited - Broker                     |     +44 20 7439 6880|
+---------------------------------------------------+---------------------+
|Alexander Selegenev                                |                     |
+---------------------------------------------------+---------------------+
|                                                   |                     |
+---------------------------------------------------+---------------------+
|Bankside Consultants - Financial PR adviser        |     +44 20 7367 8888|
+---------------------------------------------------+---------------------+
|Simon Bloomfield                                   |                     |
+---------------------------------------------------+---------------------+


About Teleset


Teleset is the leading alternative fixed-line telecom operator in Kazan, the
capital of the Republic of Tatarstan, Russian Federation, where the business has
been operating since 1996. Teleset owns an all-digital local network with
current switching capacity of 130,000 lines. Its US$17 million acquisition of
TNPKO in 2006 improved its coverage of Kazan and increased its market share in
Kazan to 27 per cent for voice traffic and 29 per cent of data traffic.


The Company's strategy is to become Kazan's leading telecom operator and to
expand into other cities in Tatarstan and elsewhere in the Russian Federation,
both organically and through carefully selected acquisitions.


About BSTDB


The Black Sea Trade and Development Bank (BSTDB) is an international financial
institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia,
Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters is
in Thessaloniki, Greece. With an authorised capital of SDR 1 billion (approx.
USD 1.5 billion), the Bank supports economic development and regional
cooperation by providing loans, credit lines, equity and guarantees for projects
in the public and private sectors in its member countries. BSTDB is rated Long
Term Baa1 and Short Term P2 by Moody's.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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