Rosneft parameters has been changed in the MICEX Index
February 28, 2007
MICEX Stock Exchange has made the following changes in the MICEX Index after the close of trading on Monday, February 26, 2007. Since Rosneft’s additional issues were united with main issue which is traded under the ROSN ticker symbol, the quantity of Rosneft’s shares has been increased to 10 598 177 817 (previous quantity has been 9 092 174 000). The company’s Free Float has not been changed.
Today, shares in Rosneft account approximately for 10% in the MICEX Index.
The MICEX Index has been calculated since 22 September 1997. It is a classical effective capitalization-weighted index of the market for most liquid shares of Russian market (at present: 21 stocks). The market capitalization of all securities comprising the MICEX Index basket is calculated taking into account the proportion of the free-float. Today, the MICEX Index is used by management companies as a base index for 20 index funds. The value of their net assets is 5 billion rubles.
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