Global banks to offer DMA to the Russian market

In September Citigroup, Credit Suisse, Merrill Lynch, and Morgan Stanley will begin to offer to their clients Direct Market Access (DMA) to securities trading on Moscow Exchange. It is expected that two additional major global banks will start the service later this year.

The Exchange's shift to T+2 settlement, as well as the establishment of Centralized Clearing and a Central Securities Depository, have paved the way for direct market access for foreign investors to trade Russian securities on Moscow Exchange.

International investors, through the new exchange infrastructure, will be able to trade equities, while collateral for trading can be posted in Russian Roubles, securities, as well as US Dollars and Euros.

Andrey Shemetov, Deputy CEO of Moscow Exchange commented: "Our migration to T+2 marks a new phase of Moscow's integration into the group of the main global financial centers. Investors from around the world can now trade Russian assets directly in a more convenient way. As we look ahead our key objectives are to further modernize our infrastructure, broaden our product offering and increase liquidity across our markets".

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NOTES TO EDITORS

About Moscow Exchange

OJSC Moscow Exchange MICEX-RTS ("MOEX") operates Russia's largest public trading markets for equity, bond, derivative, foreign exchange and money market products, as well as Russia's Central Securities Depository (CSD) and the country's largest clearing service provider, National Clearing Centre. At the end of 2012, it ranked among the world's top-20 exchanges for equity trading by market capitalization and among the top-10 for bond trading by trading volume and for exchange-traded derivatives by number of contracts traded. Moscow Exchange has 703 issuers listed on its securities exchange, including many of Russia's largest companies.

Moscow Exchange was formed in December 2011 as a result of a merger between Russia's two main exchange groups. The merger brought together MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia, and the RTS Group, at the time the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Following the merger the company became an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange completed an initial public offering of its shares on 15 February 2013.

For further information, please contact the Public Relations Department at (495) 363-3232.