OREANDA-NEWS. December 22, 2009. “The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, and ING Wholesale Banking (legal name “ING BANK (EURASIA) ZAO”) report that with effect from 21 December, 2009, JSC “RusHydro” additional share issue (state registration number 1-01-55038-E-037D) has been excluded from those serviced through the jointly-developed Speedy Settlement Scheme (SSS).

Removal of JSC “RusHydro” additional share issue is a result of the expiry of three month period from the moment of state registration of the additional share issue report (it has been registered on 24 September, 2009) and its subsequent cancelation in accordance with the Paragraph 4 Clause 20 of the Federal Law #39-FZ “On The Securities Market” dated 22 April, 1996.

Accordingly, 47 share issues of 42 issuers are now serviced through SSS.

The Speedy Settlement Scheme (SSS) was designed jointly by NDC and ING Wholesale Banking to reduce the time needed for the delivery of shares and to optimize settlements between NDC and ING Wholesale Banking clients. The Scheme has functioned successfully since November 2007. Shares transferred using SSS from ING Wholesale Banking to NDC can begin trading on the MICEX exchange the same day. Shares bought on MICEX can be transferred to ING Wholesale Banking the same day, after the clearing session is over.