RTS Stock Exchange Order-Driven Market: Weekly Market Data January 19th - January 23rd, 2004

For the period of January 19th - January 23rd, 2004, the total trading volume of direct and indirect transactions (including REPO transactions) equaled 8 103 million rubles, compared with 7 202 million rubles for the week of January 12th - January 16th, 2003. Internet trading accounted for 26% of total trading volume, down from 29% the week before. 9 883 transactions were executed, up from 9 625 transactions the week before.

Currently 169 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.