The List Of RTS Index Constituents Changes As Of September 15th, 2005

Effective September 15 th , 2005, the list of the RTS-2 Index constituents will change. Based on trading statistics for the period of May 16 th through August 15 th , 2005, the following stocks will be added to the list:

No:	RTS code	Security name	Free-float factor (W)
1	APTK	Pharmacy Chain 36,6, common	0,30
2	BEGY	Bashkirenergo, common	0,20
3	CHEP	Chelyabinsk Tube Rolling Plant, common	0,20
4	ESPK	Electrosvyaz of the Primorsky Region, common	0,40
5	FESH	Far Eastern Shipping Company (FESCO), common	0,15
6	GAZA	GAZ Auto Plant, common	0,20
7	KIRZ	Kirov Factory, common	0,30
8	KLNA	Kalina, common	0,40
9	KMAZ	KAMAZ Incorporated (Inc), common	0,15
10	KROT	Red October, MCF, common	0,15
11	KUBNP	Southern Telecommunications Company, preferred	1,00
12	KZOS	Kazan'orgsintez, common	0,20
13	LEKZ	Lebedyansky, JSC, common	0,20
14	MFGS	Slavneft-Megionneftegaz, common	0,10
15	MFGSP	Slavneft-Megionneftegaz, preferred	1,00
16	MGTS	Moscow City Telephone Network, common	0,15
17	NKSH	Nizhnekamskshina, common	0,25
18	OMZZ	United Heavy Machinery (Uralmash-Izhora Group), common	0,50
19	PFGSP	Purneftegas (Rosneft), preferred	0,10
20	PNTZ	Pervouralsk Novotrubny Factory, common	0,10
21	PRIM	Primorsk Shipping Corporation , common	0,10
22	SILM	Power Machines, common	0,20
23	STGS	Stavropolskaya GRES, common	0,20
24	SVAV	Severstal-avto, common	0,35
25	UFNCP	Ufaneftekhim, preferred	1,00
26	UFOS	Ufaorgsintez, common	0,25

The appropriate decision was made by the RTS Stock Exchange Information Committee on August 25 th , 2005.

The following stocks were also put on the "waiting list" to be added to the list of RTS-3 Index Constituents:

NKNC Nizhnekamskneftekhim, common
PEGS Pechorskaya GRES, common
STNGP Rosneft-Stavropolneftegas, preferred
VOLG Volzhskaya Hydroelectric Station, Volgograd Region, common

List of RTS Index Constituents to be Used in RTS Index Calculation from September 15 th to December 14 th , 2005

No:	RTS code	Security name	Number of issued shares	Free-float factor (W)	Restricting coefficient (Ci)
1	AFLT	Aeroflot - Russian Airlines, common	1 110 616 299	0,20	1
2	APTK	Pharmacy Chain 36,6, common	8 000 000	0,30	1
3	AVAZ	Avtovaz, common	27 194 624	0,20	1
4	AVAZP	Avtovaz, preferred	4 930 340	1,00	1
5	BANE	Bashneft, common	170 169 754	0,20	1
6	BANEP	Bashneft, preferred	34 622 686	1,00	1
7	BEGY	Bashkirenergo, common	1 042 667 488	0,20	1
8	CHEP	Chelyabinsk Tube Rolling Plant, common	472 382 880	0,20	1
9	CHMF	Severstal Joint-Stock Company, common	551 854 800	0,10	1
10	ENCO	SibirTelecom, common	12 011 401 829	0,40	1
11	ENCOP	SibirTelecom, preferred	3 908 420 014	1,00	1
12	ESMO	CenterTelecom, common	1 578 006 833	0,35	1
13	ESMOP	CenterTelecom, preferred	525 992 822	1,00	1
14	ESPK	Electrosvyaz of the Primorsky Region, common	95 581 421	0,40	1
15	FESH	Far Eastern Shipping Company (FESCO), common	1 643 593 000	0,15	1
16	GAZA	GAZ Auto Plant, common	7 049 518	0,20	1
17	IRGZ	Irkutskenergo, common	4 766 807 700	0,10	1
18	IRKT	Scientific Production Corporation IRKUT, common	878 946 528	0,35	1
19	KIRZ	Kirov Factory, common	10 865 340	0,30	1
20	KLNA	Kalina, common	9 752 311	0,40	1
21	KMAZ	KAMAZ Incorporated (Inc), common	785 747 574	0,15	1
22	KROT	Red October, MCF, common	8 773 564	0,15	1
23	KSGS	Kostroma GRES, common	2 771 095 090	0,30	1
24	KUBN	Southern Telecommunications Company , common	2 960 512 964	0,40	1
25	KUBNP	Southern Telecommunications Company , preferred	972 151 838	1,00	1
26	KZOS	Kazan'orgsintez, common	1 785 114 000	0,20	1
27	LEKZ	Lebedyansky, JSC, common	20 411 300	0,20	1
28	MFGS	Slavneft-Megionneftegaz, common	99 474 705	0,10	1
29	MFGSP	Slavneft-Megionneftegaz, preferred	33 056 875	1,00	1
30	MGTS	Moscow City Telephone Network, common	79 829 200	0,15	1
31	MGTSP	Moscow City Telephone Network, preferred	15 965 850	1,00	1
32	MTLR	Mechel, common	416 270 745	0,15	1
33	NKSH	Nizhnekamskshina, common	63 731 171	0,25	1
34	NLMK	Novolipetsk Iron & Steel Corporation, common	5 993 227 240	0,05	1
35	NNSI	VolgaTelecom, common	245 969 590	0,40	1
36	NNSIP	VolgaTelecom, preferred	81 983 404	1,00	1
37	NTMK	Nizhny Tagil Ferrous Metal Factory, common	1 310 002 966	0,20	1
38	OMZZ	United Heavy Machinery (Uralmash-lzhora Group) (UHM), common	35 480 186	0,50	1
39	PFGS	Purneftegas (Rosneft), common	83 524 525	0,10	1
40	PFGSP	Purneftegas (Rosneft), preferred	27 841 500	0,10	1
41	PKBA	Baltika Brewery, common	117 160 690	0,10	1
42	PNTZ	Pervouralsk Novotrubny Factory, common	24 340 086	0,10	1
43	PRIM	Primorsk Shipping Corporation , common	22 122 000	0,10	1
44	RBCI	RBC Information Systems, common	115 000 000	0,20	1
45	RITK	RITEK, common	99 750 000	0,40	1
46	SCON	Sedmoi Kontinent, common	64 519 397	0,15	1
47	SILM	Power Machines, common	6 170 912 708	0,20	1
48	SPTL	North-West Telecom, common	881 045 433	0,40	1
49	SPTLP	North-West Telecom, preferred	250 369 337	1,00	1
50	STGS	Stavropolskaya GRES, common	1 358 532	0,20	1
51	SVAV	Severstal-avto, common	29 800 159	0,35	1
52	UFMO	Ufa Machine-Building Production Association, common	266 106 022	0,25	1
53	UFNC	Ufaneftekhim, common	275 330 608	0,40	1
54	UFNCP	Ufaneftekhim, preferred	64 215 192	1,00	1
55	UFOS	Ufaorgsintez, common	97 768 681	0,25	1
56	URKA	Uralkaly, common	2 124 390 000	0,20	1
57	URSI	UralSvyazInform, common	32 298 782 020	0,35	1
58	URSIP	UralSvyazInform, preferred	7 835 941 286	1,00	1
59	VSMO	Verkhnesaldinskoye Metallurgical Association, common	10 625 600	0,10	1
60	WBDF	Wimm-Bill-Dann Foods, common	44 000 000	0,35	1