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The Board Of Directors Of NP RTS Took Place On December 14

Date 15/12/2006

The Board of Directors of NP RTS, which took place on December 14, 2006, made a decision concerning the adoption of group of reliability of the order-driven trading Participants. The Board of Directors of NP RTS decided to refer CJSC NOMOS-BANK to the II group of reliability, CJSC Infina – to the V group of reliability. This decision comes into effect within 3 working days after the date of the decision taken.

The Board of Directors of NP RTS has resolved to introduce the following changes into the "Conditions of trades, made on order-driven trading System":

  • To lower the amount of fines from 15% to 8% per year for every calendar day of the delay in performing of obligations in trades
  • To outline the order of performing obligations in trades, made according to the applications filed by one of the trading participants.

Updated versionof the document comes into effect on December 19 th 2006. The following changes in the list of securities of order-driven trading were approved on the Board of Directors of NP RTS:

To include into the securities of order-driven trading:

  • GAZPROM common shares (GAZP)
  • ROSNEFT common shares (ROSN)

To exclude from the list of securities of the order-driven trading:

  • Tatneft common shares (TATN)

The decision comes into effect on December 19, 2006.

Also the decision was taken to give the order-driven trading Participants an opportunity to bring in the securities as a guarantee of the concluded trades from the list, confirmed by the Risk Management Committee of RTS.

The Board of Directors of NP RTS has approved the changes in NCO Rates on accounts service in rubles. These rates come into effect on January 1, 2007. Also some changes were introduced in accounts service in euro.

Besides, the changes in Conditions of providing services of RTS information technologies system. These changes come into effect on January 9, 2007.

The Board of Directors of NP RTS recommended Joint-stock Company "RTS Clearing Center" to increase the size of the Reserve Fund to 270 million rubles.

On the Board of Directors of NP RTS Roman Goryunov was appointed the First Vice-president of NP RTS.

Roman Goryunov was born in 1975 in Leningrad, graduated form the department of economics and management of The Leningrad State Technical University with the specialty in information technologies in economics. Since 1994 worked on the "Saint Petersburg" Stock Exchange and headed the Administration of securities and financial instruments trading. Roman Goryunov participated in creating the trading system, settlement and clearing of the derivatives market of the stock exchange. In April 2005 he was appointed Vice-president of Russian trading system.

Also Detinich Vladimir Angreevich (OJSC IF OLMA) was appointed the Chairman of the Quotation committee of NP RTS. Vasiliev Grigory Valerievich (CJSC ATON BROKER) was appointed the Chairman of the Technical committee of NP RTS, Shevelev Oleg Yurievich (OJSC Alfa-Bank) – the Chairman of the Information committee of NP RTS, Niazbaev Timur Ravilievich (Renaissance Broker) – The Chairman of the Legal committee of NP RTS, Grushin Victor Vitalievich (CJSC DCC) – the Chairman of the Risk Management Committee of RTS.