On April 15, 2011 CJSC RTS Clearing Center will select buyers for its own block of ordinary shares of OJSC RTS.
The decision to sell the block of shares was taken by the Board of directors of OJSC RTS and it contains the recommendation for CJSC RTS Clearing Center to sell its shares of OJSC RTS in the amount of 2,714,000 units at a value of no less than USD6.25 (RUB176.42) per 1 (one) share.
A limited number of persons and organizations which are determined by RTS Clearing Center can make offers to buy the ordinary shares of OJSC RTS. These include trading participants of OJSC RTS, shareholders of OJSC RTS as well as CJSC MICEX, companies affiliated to CJSC MICEX and shareholders of CJSC MICEX. The relevant offers can be made on April 15, 2011 using RTS Board Information system. The offers will be considered by CJSC RTS Clearing Center in order to choose buyer of the block of shares of OJSC RTS. Technical provisions and the process for submitting and considering the offers as well as executing contracts for the sale of the ordinary shares of OJSC RTS will be determined and published on the website www.rts.ru no later than April 14, 2011.
According to the decision of the Board of directors of OJSC RTS one of the conditions for buying the block of ordinary shares of OJSC RTS owned by CJSC RTS Clearing Center is the requirement for buyers to be liable and to procure that all shares to be bought will be converted into shares of CJSC MICEX in the course of merger between OJSC RTS and CJSC MICEX. This release provides only the information and is not an offer or an invitation to make offers in accordance with the law of the Russian Federation.