June 21, 2006

Following the practice of adopting international standards of accounting in the business usage of Russia’s companies and banks, the MICEX Group has released information on its consolidated financial statements, prepared under the International Accounting Standards (IAS).

As of 31 December 2005, the Group’s equity capital amounted to 8.114 billion rubles (in 2004: 7.042 billion rubles). The Group’s assets amounted to 39.213 billion rubles, up 27.4 % on 2004 (in 2004: 30.776 billion rubles). The Group’s net profit grew by 86.7% and amounted to 1.085 billion rubles against 581 million rubles in 2004.

Financial statements were prepared under the International Accounting Standards by the Moscow Interbank Currency Exchange and its affiliated companies: the MICEX Stock Exchange, the MICEX Settlement House and the National Depository Center.

The accuracy of the financial statements was confirmed by the MICEX Group’s independent auditor, PricewaterhouseCoopers Audit.

Find more information on the MICEX Group’s financial statements at: www.micex.ru/group/finstatement.