Admission to Trade procedure at the MICEX Stock Exchange

The MICEX Stock Exchange Closed Joint Stock Company (hereinafter referred to as “the MICEX Stock Exchange”) hereby reports that, in accordance with a resolution of the Board of Directors of the MICEX Stock Exchange, the following organizations have been added to the list of the MICEX Stock Exchange Participants.

According to Clause 11.2.1, Article 11.2 of the Rules of Admission to trade at the MICEX Stock Exchange Closed Joint Stock Company (hereinafter referred to as “the Rules of Admission”) and Resolution of the Board of Directors of the MICEX Stock Exchange dated 13 October 2004 (Minutes No. 8), а membership fee should be paid in the amount of 106,200 (one hundred and six thousand, two hundred) Russian rubles (VAT included in the amount of 16,200 (sixteen thousand, two hundred) rubles) to the MICEX Stock Exchange by deposit to its current account No.30401810702200000747 at the MICEX Settlement House, Bank ID Code 044583505, correspondent account No.30105810100000000505, Taxpayer ID Number 77035007076, Taxpayer Record Validity Code 775001001.

To get an admission to trade, in conformity with the Rules of Admission, MICEX Stock Exchange Participant needs:

1. Pay amembership fee.

2. The Organization included on the list of the MICEX Stock Exchange Traders needs to conclude The integrated technological service contract (hereinafter referred to as “the ITS Contract”) with the MICEX.

The contract should be submitted in three copies!

The following documents should be also submitted:

An application in the form of Supplement No.7 to the ITS Contract.
A power of attorney for performance of the functions of a Remote Workstations Administrator in the form of Supplement No.6 to the ITS Contract.
A power of attorney in the name of an authorized person in the form of Supplement No.5 to the ITS Contract.

3. To become a Clearing Participant

The telephone for questions at the Clearing Department is 705–96-13.

4. To become a MICEX EDCS Participant.

The telephone for questions related to connectivity with the MICEX EDCS system: 745–81–42.

5. Accreditation of Participant’s authorized representatives.

The Trader should submit the following documents (in accordance with Article 7.6 of the Rules of Admission):

a power of attorney in the name of the Trader in the form of Supplement No.5 to the Rules of Admission or the Application for Granting the Powers of a Trader in the form of Supplement No.5A to the Rules of Admission if the Trader’s powers are to be granted to the head of the Participant’s organization;
a notarized copy of a valid Qualification Certificate of a professional stock market participant to act as a dealer, broker or to manage securities in trust issued by a competent federal executive body;
a copy of the Participant’s authorized representative’s Certificate of training at the Moscow International Finance and Banking School (hereinafter referred to as “the MIFBS”) (or a copy of the MICEX \ MICEX Stock Exchange Trader’s Certificate);
an application for the issuance of a Trader’s Certificate for the authorized representative of the Participant in the form of Supplement No.9 to the Rules of Admission. Training at the MIFBS has been organized by the MICEX Stock Exchange in the form of lectures and practical classes, though passing the exam is not accompanied by final certification or the issuance of documents certifying training and\or qualification.

Questions for the MIFBS‘s (the Training Department) should be directed to 8 499 943–94-11, 8 499 943–93-54.

The Trader’s accreditation at the MICEX Stock Exchange should be confirmed by Certificate of the MICEX Stock Exchange Trader, which is itself not a document certifying education and\or qualification. The Certificate of the MICEX Stock Exchange Trader is issued by the Stock Exchange upon the Trader’s passing the accreditation procedure.

In the event that accreditation of authorized representatives at the MICEX Stock Exchange is necessary (in accordance with Article 7.4 of the Rules of Admission), the following shall be submitted:

a power of attorney in the name of the Observer in the form of Supplement No.6 to the Rules of Admission or the Application for Granting the Observer’s Powers in the form of Supplement No.6A to the Rules of Admission if the Observer’s powers are to be granted to the head of the Participant;
a power of attorney in the name of the Analyst in the form of Supplement No.7 to the Rules of Admission or the Application for Granting the Analyst Powers in the form of Supplement No.7A to the Rules of Admission if the Analyst’s powers are to be granted to the head of the Participant;
a power of attorney for receiving reports on the results of trading at the MICEX Stock Exchange via Back-Office remote workstation in the form of Supplement No.8 to the Rules of Admission;
a power of attorney for couriers in the form of Supplement No.13 to the Rules of Trading in Securities at the MICEX Stock Exchange.

To confirm the powers of those persons signing for the Participant, the following documents shall be submitted::

an extract, certified by a duly authorized member of the organization, of the minutes of the executive meeting in which the appointment of the head of the executive body or other persons in possession of the right to act on behalf of the Trader without the power of attorney is made explicit;
a card with the relevant signatures of those persons having the right to sign for and the impression of the seal of the Trader’s organization (or a notarized copy of such card);
notarized copies of powers of attorney in the names of those representatives authorized by the Trader to sign contracts and other necessary documents related to participation in trading at the MICEX Stock Exchange.

It is important to remember that the requirements provided for by the RF Civil Code (Articles 185 – 189) shall be complied with in execution of the powers of attorney:

the term of a power of attorney shall not exceed three years. If the power of attorney contains no indication of the term, it shall remain valid for one year from the date of its execution;
a power of attorney containing no indication of the date of its execution shall be deemed void;
a power of attorney issued in order to delegate authority shall be notarized;
the term of a power of attorney issued to delegate authority shall not exceed the term of the underlying power of attorney.

6. According to the Rules of Admission, Participant should registrate clients in the MICEX Stock Exchange Trading System. Any necessary information may be found in the section The Procedure for Registering the Trader’s Clients.

7. Technological access for performance of operations at the MICEX Stock Exchange may be conducted in the following ways:

- Remote access to the MICEX Trading System

Option 1. Remote access to the Trading System shall be handled by MICEX specialists and shall include the creation, at the Trader’s option, of a set of software developed by the specialists of MICEX and the provision of IT services and support. The set of software and technological solutions may include the following:

the remote workstation we call MICEX Trade SE;
universal bidirectional interface MICEX Bridge for connecting external systems to the trading hubs of the MICEX Stock Exchange;
maintenance of the PIX firewall configuration;
Gateway Server.

Contacts
Regarding acquisition of MICEX software (remote workplace, MICEX Bridge and Gateway server) and the execution of contracts for acquisition of software and maintenance of the PIX firewall configuration, please contact:
+7 495 234‐24‐77 (extension 2036), +7 495 411‐82‐54.

Regarding installation and maintenance of MICEX products (remote workstation, MICEX Bridge and Gateway Server), please contact:
+7 495 705‐96‐82
e-mail: soft-support@micex.com

Regarding maintenance of the PIX firewall configuration, please contact:
+7 495 705‐96‐55
e-mail: telecom@micex.com

Option 2. Remote access to the Trading System (creation of a set of hardware and software, the procedure of its acquisition and installation, the price of works) shall be effected by CMA.
Telephone for contact: +7 495 705‐96‐51.

- Access to the MICEX Trading System via the Internet

The E-Stock Limited Liability Company provides internet trading services to organizations that are MICEX Stock Exchange potential clients, including banks and financial companies involved in trading on stock exchanges.
Telephone for contact: +7 495 234‐24‐79.

- Lease of a remote workstation at a third party organization

To obtain technological access by using a workplace at a third party organization, a copy of the contract of lease of a remote workstation and a letter from the lessor organization with the indication of the IP addresses of the leased PC shall be submitted.
Lease of a remote workstation shall be only permissible from an active MICEX Stock Exchange Trader.
The Department for the MICEX Trading System Maintenance, Sivagina Tatyaba Lvovna: +7 495 705‐96‐53, 202‐96‐34.

Additional opportunities for Traders with remote workstations:

receiving reports on the results of trading at the MICEX Stock Exchange via Back-Office remote workstation;

For that, the following should be effectuated:
а) install the CMA company‘s software;
Telephone for contact: +7 495 705‐96‐51.

b) produce for the MICEX Stock Exchange a power of attorney for access to Back-Office remote workstations – Supplement No.8 to the Rules of Admission;
Telephone for contact: +7 495 705‐96‐53.

sending and receiving communications within the framework of the email system, MICEX Open Mail.

For that, the appropriate software should be installed, and the Contract for Provision of the Integrated Technological Services shall be complied with.
Telephone for contact: +7 495 234‐48‐25.

using external software and hardware;

For that, the Trader shall comply with the conditions of the Contract for Provision of the Integrated Technological Service and The MICEX Requirements for Broker Systems and the Manner of their Interface with the MICEX Software and Hardware Systems, and acquire the appropriate universal hardware and software bidirectional interface that will ensure the exchange of information with MICEX’s Software and Hardware Subsystems, and a broker system intended for servicing the User’s clients.

Please keep in mind that, to work from remote workstations using External Software and Hardware Facilities, Official Letters assigning technological user identifiers shall be submitted when executing the powers of attorney in the names of the traders for whom you intend to have technological identifiers (“gateways”) registered.

More information may be found on the web-site in the section Services \ Technological Access \ Documents.

Regarding submitting Official Letters for assigning technological identifiers (“gateways”) please contact +7 495 705‐96‐50 (53), 202‐96‐34 (Department for MICEX Trading System Maintenance, Tatyana Lvovna Sivagina & Andrey Valentinovich Zaitsev ).

Samples of all necessary documents are provided on the MICEX Stock Exchange’s official web-site in the section The MICEX Stock Exchange \ Documents.

Additional telephones for contact:

regarding execution and submission of documents: Tatyana Valeryevna Milogolova , Elena Anatolyevna Leonova and Anna Vladimirovna Kolosova .
Tel. +7 495 234‐48‐08;
regarding the organization and holding of trading:
Tel. +7 495 705‐96‐57; 705‐96‐92;
regarding technological access and setting up workplaces: Tel. 705‐96‐50 (Tatyana Lvovna Sivagina);
the National Depository Center: Tel. +7 495 956‐27‐89;
the MICEX Clearing House: Tel. +7 495 705‐96‐26.

The MICEX Stock Exchange address: 13 Kislovsky Pereulok, 125009 Moscow (the Correspondence Reception Office; please state your correspondence is “Admission to Trading at the MICEX Stock Exchange”).