OREANDA-NEWS. July 2, 2008. The National Depository Center (NDC), Russia's only settlement depository servicing the full range of Russian securities, announced today that Nikolay Egorov, NDC’s Director, has been elected to the Board of Directors of Joint Stock Company “Moscow Central Depository”. The election took place at an extraordinary meeting of Moscow Central Depository's shareholders held July 1. The Board of Directors of the company now includes eight members, six of whom are independent directors.

About Nikolay Egorov

Nikolay Egorov was appointed NDC Director on 14 December, 2004. He is a graduate of the Moscow Engineering and Physical Institute. In 1992-1996, he worked at MICEX as Head of the IT Department, Technical Director and Deputy General Director, and was responsible for the unified electronic trading depository system. Until June 1999, Mr. Egorov was Deputy Chairman of the Central Bank of Russia. He was responsible for IT, telecommunications departments, and controlled activities of the Main and Inter-Regional IT Centers, Technical Center, Center of Satellite Telecommunications. In addition, he was responsible for the Bank’s IT system development, development of data bank collection and processing of the information. In June 1999-April 2003 he was Deputy General Director for IT Issues, Aeroflot. On 29 April, 2003, he was appointed First Deputy General Director, MICEX. On 14 October, 2005, he was appointed Senior Vice President, Member of the Board, MICEX.