Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

JSC "RTS Stock Exchange" Board Of Directors Elects Order-Driven Market Committee

Date 11/04/2005

At its April 1 st , 2005, proxy meeting the joint-stock company "RTS Stock Exchange" Board of Directors elected the Order-Driven Market Committee.

The Committee is tasked with strategy development, evaluating the market perspectives and making recommendations to the Board on the issues related to the Order-driven market of the JSC "RTS Stock Exchange".

JSC "RTS Stock Exchange" Order-Driven Market Committee

Name of Representative

Company

1

Pavel L. Efremov

ALOR+

2

Dmitry N. Sadoviy

Alfa-Bank

3

Maxim A. Kozhevnikov

Antanta-Capital

4

Elena Ye. Leitina

ATON

5

Dmitry Yu. Zorov

Brunswick UBS

6

Vadim S. Fedeev

Web-invest.ru

7

Vasilly A. Lubavin

Instroiinvest

8

Pavel I. Koryshev

East Capital

9

Alexandr N. Subochev

Metallinvestbank

10

Yuri V. Baluta

NOMOS-BANK

11

Vladimir A. Bulenkov

OLMA

12

Yuri N. Reshetnikov

Private Financial Company

13

Alexey V. Tsyganok

Troika Dialog

14

Olga V. Surgucheva

Uralsib Capital

15

Alexander V. Dorofeev

FINAM

16

Ludmila M. Urskova

RTS Stock Exchange

17

Alexey G. Volkov

RTS Stock Exchange

The decision to create joint-stock company "RTS Stock Exchange" was made by the RTS Stock Exchange non-profit partnership Board of Directors at the end of 2003. The new company was created in response to market participants' demand for a transparent, self-regulating and profit-making exchange.

In July 2004 60% of the shares of the newly created company was offered to professional market participants. The demand for shares exceeded supply by 12%. As a result, 17 largest investment companies and banks became shareholders. In November 2004 the additional 10% were sold to 4 large investment companies and St. Petersburg Stock Exchange. The remaining 30% are now held by the non-profit partnership "RTS Stock Exchange". Within six months after beginning of trading, 15% of shares of the company will be distributed among market participants based on their trading activity.

In October 2004 companies-shareholders of the "RTS Stock Exchange" joint-stock company accounted to 80% of total trading volume on Russian securities market.