Resolutions of the Board of Directors of the Moscow Exchange

The Board of Directors of the Moscow Exchange has determined the price at which the additional ordinary shares of the Moscow Exchange will be offered including to persons entitled to a preemptive right to purchase the additional shares. The price is set at 73.42 rubles per share.

The additional shares will be placed through a private offering in favor of MICEX-Finance, wholly owned subsidiary of the Moscow Exchange.

The Board also decided to convene the extraordinary General meeting of shareholders in absentia on December 18, 2012.

The extraordinary General meeting of shareholders will be offered to approve new versions of the Charter, Provisions on the General meeting of shareholders and Provisions on the Supervisory Board of the Exchange, due to proposed renaming of the Board of Directors to Supervisory Board. The new version of the Exchange"s Charter will imply execution of rights under the shares of the Moscow Exchange to be placed in favor of MICEX-Finance as well as disposal thereof in accordance with a relevant resolution of the Supervisory Board of the Exchange.

For reference:

On September 21, 2012 the extraordinary general meeting of shareholders of the Moscow Exchange approved an increase of the authorized share capital of the Exchange through placing additional ordinary shares in the amount of 200,000,000 units valued at 1 ruble each. The placement is be held via a private offering in favor of MICEX-Finance. In accordance with the resolution made by shareholders, the share price is to be determined by the Board of Directors

The additional share issue was registered by the FFMS of Russia on October 30, 2012.

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