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The Schedule Of Trading, Clearing And Settlements In The MICEX Group’s Markets During The Period Of New Year Holidays

Date 25/12/2010

During the period from 1 to 10 January, 2011, trading in the MICEX Group’s markets and settlements following the results of trading will not be held due to New Year holidays in the Russian Federation.

On December 31, 2010, trading and settlements following the results of trading will not be held in the stock market of the MICEX Stock Exchange.

December 31, 2010, is a “no settlements” day in the Clearing system during trading in the stock market of the MICEX Stock Exchange.

31 December, 2010, is a “no trading” day in the MICEX foreign exchange market, the MICEX SE’s derivatives market, the MICEX derivatives market and the NAMEX commodity market.

On December 31, 2010, trading will not be held in the government securities market. Deposit transactions at fixed interest rates on standard terms and operations involving the provision of lombard loans to credit institutions at fixed interest rates will not be conducted. Credit institutions’ applications/orders for "on demand" deposits will be accepted only during the first session (collection of participants’ orders: from 11:00 till 12:00, the entering of the Bank of Russia’s reciprocal orders: from 12:15 till 12:55 Moscow time).

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