In accordance with the RTS Board of Directors' decision made on December 16th, 2002, and the New Clearing Rules of the RTS Stock
Exchange approved by Federal Commission on Securities Market on January 15th, 2003, the new clearing and settlement fees take effect
on February 1st, 2003.
The increase in RTS Clearing Center fees and cancellation of the RTS Settlement Chamber fees are related to the simplification of the fee
payment procedure. The increase in clearing fees is offset by the appropriate decrease in settlement fees so that the total amount charged
to a client does not change.
"RTS Settlement Chamber" Fees
"RTS Clearing Center" Fees
