Earlier this month Mr. Nikolay Egorov during his speech at the Russian Settlement Session held at Sibos 2009 on September 15th said "the addition of SWIFT Alliance Lite as one more channel for its customers to access NDC was a major step forward in the alignment of the Russian financial infrastructure to global standards." By adopting Alliance Lite, NDC customers will be able to not only access NDC but also other financial institutions in Russia and worldwide using internationally recognised standards.

"SWIFT and ISO are the international standards for secure, automated communication between financial market participants globally, reducing operational costs and risks and enabling improved straight-through processing (STP). By allowing all our customers to use ISO standards and SWIFT to conduct their business with NDC, we are supporting them in globalising their capability to conduct business around the world and not just in Russia. The addition of SWIFT Alliance Lite as a channel for
communication with NDC is especially significant for our customers who will benefit from the cost efficiencies and the ease of access Alliance Lite provides," said Egorov.

Under the terms of the MoU, NDC agreed to co-operate to support the adoption of ISO standards in Russia. An important element of this co-operation is the joint work by SWIFT and NDC to encourage the use of Alliance Lite by NDC customers.

Alain Raes, chief executive, EMEA at SWIFT, commented: "NDC's addition of Alliance Lite as a communications channel supports its strategic plan to further adopt international standards to improve automation in order to reduce costs and risks for its customers. NDC will be able to offer a
range of new services using Alliance Lite, building on the benefits its customers already achieve by communicating via SWIFT, and we look forward to working closely with NDC in the future to maximise the value we are offering to our mutual customers."

About NDC
"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an AA- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

Among NDC's shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%), in Settlement. Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).

About SWIFT
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect over 8,500 banking organisations, securities institutions and corporate customers in more than 200 countries. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.

www.swift.com
www.ndc.ru