NSD to Launch Ruble Settlements Through Euroclear and Clearstream

MOSCOW, April 27, 2011 - National Settlement Depository (NSD), Russia's only settlement depository
servicing the full range of debt and equity securities of Russian issuers,
reports that starting 3 May it launches a new service allowing its customers
to hold ruble settlements through international settlement and clearing
organizations - Euroclear Bank S.A./N.V. (Euroclear) and Clearstream Banking
S.A. (Clearstream). This service is to be quite demanded due to a debut issue
of governmental Eurobonds nominated in rubles as well to Russian corporate
issuers' settlements on ruble Eurobonds.

Eddie Astanin, Chairman of the Management Board, NSD, said:

"This technology's implementation goes in line with NSD's development
strategy approved in general by the company's Supervisory Board in December
2010. This new service will contribute to increase in attractiveness of
Russian ruble as a settlement currency."

Except ruble settlements NSD's customers will be able to conduct
settlements on transactions in dollars, euro, Swiss francs and British
pounds. Within the framework of further development of DVP settlements
services the company plans to offer EDI technologies for the foreign currency
control procedures; it will allow NSD to improve the quality of servicing and
to simplify settlements.

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

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