RTS Provides Access To "Gazprom" Shares Market For Foreign Investors

In connection with the new bill waiving restrictions on foreign investors to buy "Gazprom" shares, RTS Group welcomes foreign investment community to trade "Gazprom" shares through members of the NP "Saint-Petersburg Stock Exchange".

Trading is anonymous and based on DVP with preliminary deposition of assets and T+O settlement in Russian rubles. Trading is conducted via the RTS trading platform that provides connectivity for direct market access systems (e.g. GL Trade). Trading hours are 10:30 to 18:45 Moscow time.

Clearing is performed by NP "Russian Trading System" Stock Exchange, cash settlement is conducted by NCO "RTS Settlement Chamber". ZAO "Settlement and Depositary Company" serves as the settlement depositary.

Daily average trading volume in "Gazprom" stock in 2005 is estimated about 85 million US dollars, 34% higher than in 2004.

Currently 216 professional market participants are accredited on the market.

List of members of NP "Saint-Petersburg Stock Exchange".