MOSCOW - "The National Depository Center" (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has held a meeting of the company's Board of Directors on April, 13.
The Board of Directors made the following decisions:
1. NDC's directors approved new monthly safekeeping tariffs for government, municipal and corporate bonds. The new tariffs which will be decreased by 10% are to come into effect on 1 May.
2. The Directors elected Dmitry Medvedev, Manager of Product Development Department, ING BANK (EURASIA) ZAO, the member of the company's Risk and Audit Committee of the Board of Directors.
So now the Committee for Risk and Audit of NDC's Board of Directors includes the following persons:
| 1 | Veronica Vasilyeva | Deputy General Director responsible for operating issues, Computershare LLC Chairperson of the Committee for Risk and Audit of the Board of Directors, NDC |
| 2 | Mikhail Bratanov | Director of Depository, ROSBANK (OJSC JSCB) |
| 3 | Irina Glazkova | Head of Internal Audit Service, MICEX |
| 4 | Svetlana Kamasheva | Director, Investment Unit, JSC VTB Bank |
| 5 | Vladislav Zimin | Economic Advisor, Market Services Department, Bank of Russia |
| 6 | Dmitry Medvedev | Manager of Product Development Department, ING BANK (EURASIA) ZAO |
| 7 | Yana Postovskaya | Director of Internal Audit Department, ZAO UniCredit Bank |
| 8 | Nikolai Chemodurov | Head of Directorate for Analysis and Control of Depository Operations, GPB (OJSC) |
3. The Board of Directors approved the early termination of the authority of Galina Shubina, Chairperson of the Budget Committee, NDC. Andrei Ponomarev, Deputy Chief of Liquidity and Treasury Operations Department, Sberbank, has been elected the new Chairman of the Committee.
The Budget Committee of NDC now includes the following persons:
| 1 | Andrei Ponomarev | Deputy Chief of Liquidity and Treasury Operations Department, Sberbank Chairman of the Budget Committee, NDC |
| 2 | Ivan Bolshakov | First Vice President, Deputy Chairman of the Management Board, Evrofinans Mosnarbank |
| 3 | Elena Gusalova | Managing Director, New Products Development Department, Investment Unit, JSC VTB Bank |
| 4 | Vladislav Zimin | Economic Advisor, Market Services Department, Bank of Russia |
| 5 | Vadim Subbotin | Vice President and member of the Managing Board, MICEX |
| 6 | Vladimir Tatsiy | First Vice President, Head of Depository Center, GPB (OJSC) |
| 7 | Tatiana Chepeleva | Project and Development Director, OTKRITIE Brokerage House JSC |
4. NDC's directors approved recommendations by the Committee for Technological Policy and Development за the Board of Directors and made decision to hire PricewaterhouseCoopers for audit of NDC's specialized software.
5. NDC's Board approved a list of the company's priority projects for 2010.
6. NDC's Board of Directors considered the company's financial report for 2009, and a report by Deputy General Director – Controller for 1Q 2010.
About NDC
"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing on-exchange and OTC transactions with all types 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, the majority of transactions with equities and also services UIT units and Eurobonds. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substitute 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”, CB “J.P. Morgan Bank International” (LLC), ZAO UniCredit Bank, Deutsche Bank Ltd, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%) and in Settlement Depository Company CJSC (28.54%).For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,