Actuality February, 28, 2007

The daily sales at MICEX totaled RUR161,64 billions that was a historical maximum during the lifetime of the market, as it was reported by the exchange press service.

So, according to the results of the auctions at MICEX on February, 27th, 2006, the volume of transactions totaled RUR161,64 billions ($6,18 billions), including the main auctions – RUR80,9 billions ($3,23 billions), negotiation bargains – RUR 3,3 billions ($532 millions), REPO – RUR63,8 billions ($2,55 billions), and placement – RUR 3,6 billions ($144 millions). At the same time the volume of stock bargains (without REPO) totaled RUR 80,1 billions ($3,2 billions), of bond bargains (without REPO and placement) – RUR 14,1 billions ($564 millions), of REPO bargains – RUR 41,5 billions ($1,66 billions) and RUR 22,3 billions ($892 billions) with stocks and bonds respectively.

The previous record was established on February, 1, 2007 and totaled RUR 159,62 billions ($6,38 billions).

On February, 27 the MICEX index, which displays price index evolution on the Russian equity market, at the closing totaled 1682,12 points, that was 4,1 % less than the day before (the fall of the MICEX index if compared to the end of 2006 made

up 0,7 %). During the auctions on February, 27, 2006 more than 252 thousand bargains were made.

Moscow Interbank Currency Exchange History

Moscow Interbank Currency Exchange (MICEX) was founded in 1992. Nowadays it is a leading Russian exchange on basis of which the national tender system is created on all main segments of the financial market — currency, stock and urgent — both in Moscow, and in the largest financial and industrial centers of Russia. Together with its partners (Moscow Interbank Currency Exchange Clearing House, National Depositary Centre, regional exchanges, etc.) the exchange carries out also clearing and depositary servicing of about 1500 participant organizations of the exchange market.

By total trade turnover the Moscow Interbank Currency Exchange is

the largest exchange in Russia,

the CIS countries and the Eastern Europe.

Moscow Interbank Currency Exchange organizes the auctions of the state and corporate securities, currency and futures contracts.

Every day there are auctions on stocks and bonds of more than 150 Russian issuer, including “blue chips”, such as RAO “UES of Russia”, public corporation “Oil Company LUKOIL”, public corporation “Surgutneftegaz” (“Surgut oil and gas”), Saving Bank, public corporation “Rostelecom” (“Russian telecommunications”), etc, with the total capitalization of $100 billions.

Moscow Interbank Currency Exchange has one of most cutting-edge electronic trading- depositary systems in the world.

The technical complex of Moscow Interbank Currency Exchange is connected through the global network of data with more than 2000 remote terminals in offices of bidders in 50 cities of Russia and abroad.

More than 200 broker companies connected to the trade complex of Moscow Interbank Currency Exchange through the gateway allowing to service investors through remote terminals using Internet technologies.