Kommersant (Moscow) - June 5, 2004

Yesterday, RBC held the first presentation as part of a road-show connected with the additional issuance of shares. The SPO price will be announced later. However, according to representative of Aton Capital Khalid Dianov, "the SPO price shall be about equal to the company's current share price at the moment of the offering." The managers of the offering, Aton Capital, Deutsche UFG and Troika Dialog, used the same scheme that was used with regards to Irkut shares. On June 16, the market will be offered 15 percent of existing shares which will be sold by the key shareholders. The selling shareholders will transfer to the company the proceeds from this offering and will receive an equal number of newly issued ordinary shares of the company. Existing shareholders will be able to buy the shares at a 3-percent discount. Chairman of the Board of Directors of RBC German Kaplun reported that "the raised money will be spent on acquisitions in the media- and IT spheres, as well as on new projects." However, he refused to specify the assets he was talking about. The road-show will last until June 15. On June 16, the additional shares will be issued, and on June 17 they will appear on a stock market. RBC will issue 15 million common shares, which represents 15 percent of its share capital.