D' (Moscow) - February 9, 2007

On January 23, 2007, RBC Information Systems' general meeting of shareholders approved the consolidation of IT assets in its fully owned subsidiary Armada. According to RBC's plans, Armada will incorporate RBC Soft - software development company, Helios Computer - system integration and computer assembly, ASKO-TBS Consulting - IT consulting, and other assets.

Following the divestment of the company's IT departments into ARMADA, RBC's shareholders are expected to receive the new company's shares. The Board of Directors is likely to make a decision to this effect in February, as well as set the record date for compiling a list of shareholders entitled to receive ARMADA's shares. RBC also plans to issue additional shares and make a public offering. According to Russian law, ARMADA's shareholders will be able to exercise the preemptive right to purchase additional shares.

Once ARMADA has divested from RBC, the latter company's shares are projected to drop in price, though market experts foresee a situation similar to that of Norilsk Nickel and Polyus Gold shares. The shareholders of Norilsk Nickel who owned stakes in the company at the time of the divestment received Polyus Gold's shares in exchange for their stakes, which ultimately proved to be quite profitable. The current optimism is based on the notion that no IT companies are trading on the stock market at the moment, meaning ARMADA is most likely to enjoy high demand during its initial public offering (IPO). RBC's capitalization currently stands at $1.35bn, and analysts believe that ARMADA accounts for roughly 15% of this amount, which is $180m- $200m.