OREANDA-NEWS. August 11, 2011. The extraordinary general meeting of the MICEX shareholders, held today, has decided to reorganize the MICEX by merging with the RTS. In order to reorganize the MICEX, shareholders have approved the merger agreement and the framework agreement defining the terms of the merger between the MICEX and the RTS and a number of other deals under the framework agreement, both major deals and deals in which there is interest.

It was also decided to split the MICEX common shares with a nominal value of 10 000 rubles each and make corresponding amendments to the MICEX Articles of Association. As a result of the split, of the Exchange’s authorized capital will be divided into 1,659,840,000 common shares with a nominal value of 1 ruble each.

The meeting decided to increase the authorized capital of the MICEX by issuing additional common registered uncertified shares in the MICEX in the amount of 537 575 000 (five hundred and thirty seven million five hundred and seventy five thousand) shares with a nominal value of one ruble each (considering the intended stock split) through converting common registered uncertified shares and preferred registered uncertified shares in the RTS into common registered uncertified shares in the MICEX.

The following RTS shares will be converted into one common registered uncertified share in the MICEX priced at one ruble each (considering the intended stock split):

0.309393 common registered uncertified shares in the RTS with a nominal value of one ruble each, and

0.309393 preferred registered uncertified shares in the RTS with a nominal value of one ruble each.

The number of shares in the MICEX which every RTS shareholder should get is calculated by dividing the number of RTS shares of a certain category he owns by the appropriate conversion ratio.

An extraordinary meeting of the RTS shareholders, held on August 5, 2011, approved the reorganization of the RTS in the form of merger with the MICEX.

Today’s decisions of the shareholders of the two exchanges will be implemented after obtaining the consent of the RF FAS to the reorganization of the MICEX in the form of merger with the RTS.