Contribution Into The Contingency Fund Of The RTS Derivatives Market Will Be Increased From September 1, 2006

Contribution into the Contingency Fund of the RTS Derivatives market will be increased twice on September 1, 2006.

Contribution into the Contingency Fund of FORTS will be set as:

• for General Clearing member 4 000 000 (four million) rubles;
• for Special Clearing member on equity market 4 000 000 (four million) rubles;
• for Special Clearing member on money market 250 000 (two hundred fifty thousand) rubles;
• for Special Clearing member on commodity market 250 000 (two hundred fifty thousand) rubles.

The Derivatives Market Committee of the Russian Trading System Stock exchange made this decision on June 8, 2006.

Increasing the Contribution into the Contingency Fund is a part of the policy of gradual growth of funds which are included in the guarantee system and contribute to decrease risks of obligations fulfillment failure by clearing participants.

Overall amount of guarantee funds has increased twice to $300 mln during a year (in accordance with present situation). From them Guarantee funds equal $286 mln. Contingency and reserve funds equal $8 mln and $6 mln respectively.