Sberbank Parameters Will Be Changed In The MICEX Index

MICEX Stock Exchange will make the following changes in the MICEX Index after the close of trading on Friday, April 13, 2007. The quantity of Sberbank’s ordinary shares taken into account in the MICEX Index, will be increased to 21 586 948 (current shares quantity is 19 000 000). The company’s Free Float coefficient remains unchanged.

This change is the result of the beginning of trading in additional issue of ordinary shares of the Sberbank at the MICEX Stock Exchange.

Shares of Sberbank render essential influence on the MICEX Index. In 2006 Sberbank, being one of market gainers, increased by 138% that has considerably outstripped the market (the MICEX Index gained by 67,5 % in 2006 ). Now weight of Sberbank’s ordinary shares in the MICEX Index is about 15%.

The MICEX Index has been calculated since 22 September 1997. It is a classical effective capitalization-weighted index of the market for most liquid shares of Russian market (at present 21 stocks). The market capitalization of all securities comprising the MICEX Index basket is calculated taking into account the proportion of the free-float. Today, the MICEX Index is used by management companies as a base index for 20 index funds. The value of their net assets is 5 billion rubles.