MICEX Derivatives Market Trading Statistics For February, 2006

In February 2006 the MICEX trading volume in USD/RUB futures was 1 257 761 contracts, or USD 1,3 billion in notional value (RUB 35,5 billion). The end-of-month open interest reached 1 712 370 contracts (USD 1,7 billion, or RUB 48 billion).

March 2006 futures represented 52% of total trading volume, while February 2006, April 2006 — June 2006, December 2006 accounted for 10%, 17%, 6%, 13% and 2% respectively.

On February 28, 2006 the open interest among March 2006 — September 2006 and December 2006 contracts was distributed as follows: 26%, 20%, 19%, 13%, 1%, 0,1%, 14%, 7%.