NSD Puts New Technological Platform Into Operation

MOSCOW, January 17, 2011 - National Settlement Depository (NSD), Russia's only settlement depository
servicing the full range of debt and equity securities of Russian issuers,
reports that on 11 January, 2011, it put its new depository system Alameda(R)
into commercial operation. The launch of Alameda(R) was held in line with the
gradual modernization of NSD's technological platform.

The new system is based on Oracle, an industrial database management
system; newest technological solutions were used in the course of the
system's development. Alameda(R) has got a significant capacity excess;
moreover, the system allows increasing in the capacity by means of computing
resources scaling. Alameda(R) enables the company's customers to implement a
set of depository operations and to form all necessary reports automatically.

NSD's customers now may conduct their depository operations in online
regime using web interface through Internet browser. At the same time NSD
maintains supporting of the previous system of interaction with customers
using in-house Luch workstation.

All inquiries related to use of new technologies are to be addressed to
NSD's personal managers (tel. +7-495-956-2790-2791, +7-495-234-4865), to
NSD's regional branches and to MICEX-Northwest regional representative.

About NSD

National Settlement Depository (NSD) is the largest settlement depository
in Russia, a part of the MICEX Group, servicing on-exchange and OTC
transactions with all types of debt and equity securities of Russian issuers
and providing settlement services to participants in financial markets of the
Russian Federation.

NSD provides storage of global certificates and depository accounting for
99% of corporate bond issues, sub-federal and municipal bond issues. It
services 100% of transactions conducted in the federal bond and the Bank of
Russia bond markets, more than 99% of transactions conducted in the corporate
and regional bond markets, the majority of transactions with equities and
also services UIT units and securities of foreign issuers.

In accordance with agreements concluded between NSD and the Bank of
Russia, NSD acts as a settlement center for the organized securities market.

NSD is Russia's national numbering agency and the substitute numbering
agency for the CIS, authorized to assign the international ISIN and CFI
codes.

For further information about NSD: www.nsd.ru , or
NSD Public Affairs Division: +7-495-232-0910, pr@ndc.ru

All inquiries related to use of new technologies are to be addressed to
NSD's personal managers (tel. +7-495-956-2790-2791, +7-495-234-4865), to
NSD's regional branches and to MICEX-Northwest regional representative. For further information about NSD: www.nsd.ru , or NSD Public Affairs Division: +7-495-232-0910, pr at ndc.ru