OJSC “MMK” and JSC “TGC-5” Securities to Be Circulated through NDC-ING Wholesale Banking Inter-Depository Scheme

07 December 2009
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"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, and ING Wholesale Banking (legal name “ING BANK (EURASIA) ZAO”) report that with effect from 7 December, 2009 Open Joint Stock Company “Magnitogorsk Iron & Steel Works” and Open Joint Stock Company “Territorial Generating Company №5” have been added to the list of issuers serviced through the jointly-developed Speedy Settlement Scheme (SSS).

Accordingly, 42 issuers are now serviced through SSS.

The Speedy Settlement Scheme (SSS) was designed jointly by NDC and ING Wholesale Banking to reduce the time needed for the delivery of shares and to optimize settlements between NDC and ING Wholesale Banking clients. The Scheme has functioned successfully since November 2007. Shares transferred using SSS from ING Wholesale Banking to NDC can begin trading on the MICEX exchange the same day. Shares bought on MICEX can be transferred to ING Wholesale Banking the same day, after the clearing session is over.

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 АА- 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) CJSC, JP Morgan Bank International LLC, CJSC UniCredit Bank, Deutsche Bank, 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,

About ING Wholesale Banking:

ING Wholesale Banking (legal name “ING BANK (EURASIA) ZAO”) is a business division of ING Group, servicing large corporate clients, and has operated in Russia since 1993.  

ING Wholesale Banking in Russia is the largest depository, storing client assets worth over US$100 billion (as of 30 November, 2009) and servicing the needs of over 500 foreign and Russian clients.

ING Wholesale Banking offers its clients a full range of financial services, including investment and banking services, settlement and cash services, depository services, operations on internal currency and financial markets, general and structural financing.

ING Group is a global company of Dutch origin with 150 years of experience. The company provides a wide range of financial services, including banking, insurance, as well as trust management services in over 50 countries of the world. The Group’s assets total EUR1.332 trillion. ING includes a wide range of famous companies, mainly operating under the ING brand.

For further information about ING services in Russia, please visit www.ing.ru

For additional information, please contact Dmitry Ludvik, ING Wholesale Banking: +7 495 933 4797, , or Dmitry Drozdov, ING Wholesale Banking: +7 495 755 5442,

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