Probably this is a right decision by Moscow authorities as if Russia wings the semifinal soccer game against Spain in Euro 2008 Thursday match you can imagine the joy on the streets, but if Russia loses the game, you can imagine the chaos on the streets.

OJSC "RTS" Stock Exchange" scheduled a transfer of clearing of securities from NP "RTS" Stock Exchange" to JSC "RTS Clearing Center" on September 1st, 2008. The corresponding decision was made by the RTS Board of Directors on May 22nd, 2008.

In accordance with the recommendation issued by the Derivatives Market Committee JSC "RTS" Clearing Center" will accept JSC VTB Bank ordinary stocks as initial margin on FORTS.

Effective May 30th, 2008 trading in the following securities will be stopped on OJSC "RTS", due to their exclusion from the list of securities admitted to trading without listing procedure:

On May 26th, 2008 on FORTS (Futures and options on RTS) there was registered a new record on the volume of open interest on gold options contracts. At the close of the trading session on May 26th, 2008 the volume of open interest made up 107 452 contracts.

Goldman Sachs was approved as a general settlement company on RTS derivatives market by the Derivatives Market Committee. Currently there are 136 settlement companies working on FORTS.

Over the week of May 19th – 23rd, 2008, RTS Index went down by 1,76% and reached 2435,20 points (2478,87 points as of May 16th, 2008). Leaders of negative impact on RTS Index became ОАО "LUKOIL" ordinary shares (LKOH), (-26,43 points), JSC "NOVATEK" ordinary shares (NVTK) (-5,97 points), OJSC "OC "Rosneft" ordinary shares (ROSN) (-5,72 points).

On May 7th, 2008 RTS Board of Directors approved OJSC "RTS" procedure on RAO UESR reorganization (further - Procedure).

On May 22nd, 2008 the Board of Directors of OJSC "Russian Trading System" decided to raise the question of additional issue of RTS shares at the Annual general shareholders meeting.

A new record in the volume of open interest on contracts traded on FORTS was set. At the end of the trading session of April 30th, 2008 the volume of open interest reached 9091606 contracts or 15,59 bln. US dollars.

During the week of March 31st – April 4th, 2008 RTS Index is up by 0,47% and reached 2059,05 (2049,40 as of March 28th, 2008). Leaders of positive impact on RTS Index became: Sberbank ordinary shares (SBER) - 14,69 points, Surgutneftegas ordinary shares (SNGS) - 4,35 points and JSC Uralkali ordinary shares (URKA) – 4,15 points.

The following securities transferred from Quotation list "B" are admitted to trading on OJSC "Russian Trading System" without listing procedure: