Effective July 1st, 2005, Trading In Derivatives Will Be Organized By JSC "RTS Stock Exchange"

On June 9 th , 2005, the RTS Stock Exchange non-profit partnership Board of Directors decided to cease providing services in derivatives trading effective July 1 st , 2005.

Trading in derivatives will be organized by joint-stock company “RTS Stock Exchange” in accordance with Priority development guidelines of non-profit partnership “RTS Stock Exchange”.

Joint-stock company “RTS Stock Exchange” obtained an appropriate license from the Commodities Exchange Commission of Federal Financial Markets Service on May 27 th , 2005.