Minimum initial margin for Rostelecom futures ords to be increased

Trading in Rostelecom ords and prefs on Moscow Exchange's Equity Market, as well as deposit operations with the National Settlement Depositary in those securities, are to be suspended from (preliminarily) 26 March through 1 April. This is due to reorganisation of Rostelecom by segregating assets to its RT-Mobile subsidiary. Trading in DRs representing Rostelecom shares will also be suspended during this period.

In accordance with the Derivatives Market Committee's recommendation, futures on Rostelecom ords are to be traded to allow members and their clients to manage their positions. The minimum initial margin will be increased during the evening clearing session on 20 March thus:

Firm dates for the trading and deposit operation suspension will be announced in due course.

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