OREANDA-NEWS. January 11, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that according to Russia's Top 30 Depositories Rating it has been named the largest Russian depository. Depositories are rated on the basis of criteria such as market value of securities on deposit, a figure which in NDC's case amounts to RUR4.6 trillion. In 1H2007 NDC handled 60% of all securities on deposit among settlement depositories in Russia (compared with 54% in 2006).

Nikolay Egorov, Director, NDC, said: "NDC is properly strengthening its positions in the key infrastructure element of Russia's financial markets. Our leadership is confirmed by ratings calculated on the basis of the value of securities on deposit and by NDC's securities turnover figure which exceeded RUR7.1 trillion in October 2007. This success could not be achieved without improvement of settlement services rendered to our clients, improvement of corporate governance, the increased reliability and efficiency of our work owing to our implementation of new technologies."