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Oleg Saphonov Elected President Of The RTS Stock Exchange

Date 01/08/2005

On July 28 th , 2005, the general annual meeting of the non-profit partnership "RTS Stock Exchange"elected Oleg Petrovich Saphonov President of the Partnership.

Oleg Petrovich Saphonov was born on May 26 th , 1969, in Tselinograd. In 1991 he graduated with honors from Moscow Finance Academy with a degree in finance. Before joining RTS Mr. Saphonov worked as deputy director of "UNIKOMBANK" regional office, then headed the depositary of Western-European investment bank, served as deputy Chairman of the Board of "Souzaviakosmos" and "ORGRES-BANK". From March 2003 he was the chief financial officer of the non-profit Partnership "RTS Stock Exchange."From September 2004 Mr. Saphonov worked as the President of the non-profit Partnership "RTS Stock Exchange." In November 2004 he was appointed CEO of the joint-stock company "RTS Stock Exchange." Mr. Saphonov is married and has three children.