RTS Stock Exchange Order-Driven Market: September 13th - September 17th, 2004

For the week of September 13th – September 17th, 2004, the total trading volume of direct and indirect transactions (including REPO transactions) grew more than six-fold and reached 30 988 million rubles. Internet trading accounted for 30% of total trading volume. 22 048 transactions were executed.

Currently 181 companies – professional market participants - trade on the Order-driven market.

The Order-driven market is the unified RTS and St. Petersburg St. Exchange marketplace where corporate stocks are traded. Market participants can submit directly addressed quotes, or quotes with no particular addressee in mind. Trading is being done via St. Petersburg St. Exchange, clearing – through the RTS Stock Exchange Clearinghouse, settlement – via the RTS Stock Exchange Settlement Chamber. The electronic trading system can be accessed via "Plaza Stocks" workstation or through the Internet-trading gateway. Private investors can trade on the Order-driven market by becoming clients of licensed brokerages/investment houses.