NSD Reports Results of Supervisory Board Meeting

19 April 2012
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MOSCOW – On 19 April the Supervisory Board of National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, approved an acquisition of six shares of S.W.I.F.T., offered by S.W.I.F.T. following its Board of Directors' decision. This offer was made due to significant growth in NSD's traffic resulted from NDC's merger with MICEX Settlement House.

NSD uses S.W.I.F.T. services in the course of its interactions with foreign banks with which NSD opened foreign currency accounts, as well as with international settlement depositories, Russian depositories, and its major clients while processing cash and securities settlements.

NSD also renders services to Russian financial organizations connecting them to S.W.I.F.T. through Shared Connection scheme and managing their S.W.I.F.T. accounts, as it holds all necessary licenses for providing these types of services. To date, approximately 70 Russia's and CIS countries' companies are connected to S.W.I.F.T. by means the simplified connection via NSD.

NSD regards S.W.I.F.T. as an alternative communications channel for its interactions with the Bank of Russia using the Banking Electronic Speedy Payments (BESP) system. In 2011, NSD took part in testing of the BESP-SWIFT gateway allowing direct participants of the settlements to interact with the BESP through S.W.I.F.T.

The members of NSD's Supervisory Board took into consideration the report for 1Q 2012 presented by the Controller-Chief of the Department of Internal Audit of the Professional Securities Market Participants of NSD's Internal Audit Division.

About procedure of allocation of S.W.I.F.T. shares

A formula of share allocation is elaborated by the general meeting of shareholders of S.W.I.F.T. In compliance with the Articles of Association of S.W.I.F.T., a number of shares allocated to each member is established by the Board of Directors; re-allocation of S.W.I.F.T. shares is conducted no less than three times per year. The share value is established by the Board of Directors on the basis of recently issued consolidated financial statements. The company's shares are not available for trading in the market.

For further information about allocation of shares:



About NSD

National Settlement Depository (NSD) is the largest settlement depository in Russia, a part of the MICEX-RTS Group, servicing on-exchange and OTC transactions with all types of debt and equity securities of Russian issuers and providing settlement services to participants in financial markets of the Russian Federation.

NSD 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, the majority of transactions with equities and also services UIT units and securities of foreign issuers.

In accordance with agreements concluded between NSD and the Bank of Russia, NSD acts as a settlement center for the organized securities market.

NSD is Russia's national numbering agency and the substitute numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

For further information about NSD: http://www.nsd.ru/ , or NSD Public Affairs Division: +7 495 232 0910,

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