16.06.08

Beginning the process of bringing CFI codes for Depository receipts in accord with requirements of Standard ISO 10962

Not-for-Profit Partnership "The National Depository Center" (NDC) reports that the information received by NDC that Standard & Poo´'s CUSIP Global Services, the National Numbering Agency responsible for the allocation of international codes (ISIN) for the majority of Depository receipts, has changed the CFI codes for Global Depository Receipts (GDRs) and  American Depository Receipts (ADRs). The CFI changes were made to be consistent with CFI Standard ISO 10962 (2001 second edition).

Standard & Poor’s CUSIP Global Services made the following changes to the CFI codes of Depository Receipts. The second character (group) of the CFI code for all GDRs and ADRs in the category Equity (the first character is «Å») will be changed from «M» to «S». This change will help classify the Depository receipts as receipts issued for shares. On the basis of these changes the third character of the code will be changed from «X» (unknown) to «V» (voting). The last, the sixth character, will be changed from «R» to «A», which qualifies the instrument as Registered Depository receipt.

Standard & Poo´’s CUSIP Global Services allocated new CFI codes for approximately 3,500 Depository Receipts (GDRs and ADRs) that are available on CUSIP and ANNA Service Bureau electronic services.

Standard & Poor’s CUSIP Global Services began to implement the CFI changes indicated above on May 21, 2008 and completed the changes on May 30, 2008.

ASB Database monitoring carried out by NDC on the receipt information mentioned above, showed that in the ASB Database, new CFI codes were allocated to Depository receipts.

As the changes mentioned above will not concern all characters of the codes, NDC will continue consulting with Standard & Poor’s CUSIP Global Services with the aim to bring all characters of the CFI codes for Depository receipts into accord with the requirements of the Standard ISO 10962.

Standard & Poor’s CUSIP Global Services has assisted NDC and the Russian financial community in changing and allocating CFI codes so that participants in the Russian securities market can validate ISIN and CFI codes of securities traded in the Russian marketplace pursuant to the new Russian securities regulation.

NDC will inform all market participants on a regular basis of any news regarding CFIs received from Standard & Poor’s CUSIP Global Services.

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