MICEX Settlement House As Major Settlement Services Provider

MICEX Settlement House As Major Settlement Services Provider

MICEX Settlement House business profile q MICEX SH is one of the basic infrastructures of trade business, since 1997 effecting settlements on all MICEX markets, such as: § State securities market § Corporate securities market § Foreign exchange market § Derivatives market q MICEX SH provides its customers with a full range of settlement services in Russian rubles and in foreign currencies q The number of MICEX SH’s customers achieved 839 organizations

Main financial figures as of 01 October 2009 q Average annual total assets – RUB 128. 3 bln q Average annual customers’ funds – RUB 125. 0 bln q Average annual equity – RUB 3. 2 bln (RUB 3197. 8 mln) q Average annual balances with the Bank of Russia and foreign prime banks RUB 122. 4 bln q Average turnover through account with the Bank of Russia in the previous 6 months – RUB 905. 7 mln q Average turnover through customers’ accounts in the previous 6 months – RUB 1178. 4 mln

Settlements Safety and Reliability q MICEX SH is a financial institution specializing in settlements q MICEX SH maintains obligatory liquidity ratio at the minimum level of 100%, does not effect any investment activity and thus does not carry any credit or other market risks q Back-up procedures are in place for all data q E-documents exchange is protected by certified encryption mechanism q Alternative communications channels are provided q Settlement procedures are fully automated

Wide network of LORO correspondent banks in Russia q Payments within MICEX SH’s LORO-network are effected in real-time mode q Currently 467 Russian FIs and foreign banks’ subsidiaries are keeping their RUB bank accounts with MICEX SH

Operational advantages q MICEX SH is direct participant of BESP system q A technological solution providing simplified RUB settlement instruction input for non-Russian banks and organize STP for these settlements is being developed by MICEX SH q This development is combined with an initiative for cooperation between MICEX and ICAP

Merger with NDC q. Synergy effect in project realization and service render q. High capitalization q. Reduction of costs q. Lower operational risks q. New unique opportunities of development q. Diversification of transactions

Contacts * 1/13, stroenie 8, Sredniy Kislovskiy Pereulok, Moscow 125009, Russia ( Administrative Office: +7 495 705 9619 Correspondent Banking Department: +7 495 745 8987 Fax: +7 495 745 8122 SWIFT: MICURUMM Теlex: 485391, 485393 MICU RU " http: //www. micex. ru/group/settlementhouse/portrait