NSD Acquires Stake in DCC

12 April 2012
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MOSCOW - National Settlement Depository (NSD), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, reports that on 12 April 2012 it acquired 97.76% of DCC shares.

Eddie Astanin, Chairman of the Executive Board, NSD, commenting on the development, said: "The acquisition of DCC stake by NSD is a part of the plan of integration in respect of MICEX and RTS merger held in 2011. The integration process now is in full swing, it is being implemented in compliance with the plans; it is also being coordinated with our clients."

Maria Krasnova, Chief Executive Officer of DCC, added: "The acquisition of DCC shares by NSD will contribute to more harmonious and efficient interactions of the integrated companies and to optimization of the integration processes."

It is worth reminding that on 30 March NSD's Supervisory Board approved the sale and purchase agreement concluded by NSD and MICEX-RTS for acquisition of DCC's stake. This decision was made as a part of the process of integration of NSD, DCC and Settlement Chamber RTS.

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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About DCC

Depository Clearing Company (DCC) is Russia's largest settlement depository for shares. DCC provides a full range of settlement and depository services in the Russian securities market in compliance with accepted international standards.

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