RBC Information Systems (RTS, MICEX:RBCI) announced today that it plans to organise a capital increase using its existing and newly issued ordinary shares. The offering structure, involving existing shares of RBC, will facilitate immediate trading of the shares being offered.

The offering, which is being managed jointly by Aton Capital, Deutsche UFG(1) and Troika Dialog, is expected to be completed in June 2004. Proceeds of the offering are expected to fund RBC's acquisition plans. Financial Advisor to the Company is ABD/ City Capital Corporation.

Earlier this week, RBC publicly disclosed in accordance with Russian securities legislation that an increase in its capital had been duly registered, authorising the intended issuance and placement of 15 million additional ordinary shares (representing 15% of RBC's share capital).

(1) Deutsche UFG - the brand name used by Deutsche Bank AG and United Financial Group when acting together.

Russia's RBK to Sell Shares In June, May Raise about $30 Mln

By Todd Prince

May 21 (Bloomberg) - OAO RosBusinessConsulting, a Russian Television and Internet news service, plans to sell shares next month that could generate about $30 million in proceeds as it seeks to raise capital to fund acquisitions.

The company plans to sell 15 million existing shares, or 15 percent of the company, on June 17, said Board Chairman German Kaploun. The board hasn’t determined a price for the sale, but it would likely be near the current $2 share price, Kaploun said.

Managers and board members, who own those shares, will use the proceed to buy new stock at the same price, allowing RBK to raise capital. Kaploun said in the telephone interview. Russian law doesn’t let new shares trade immediately, reducing their attractiveness to investors.

“We view the intention to raise capital as positive because it will increase the free float and if invested wisely, boost the value of the company for its shareholders,” Natasha Zagvozdina, an analyst at Renaissance Capital said in a note to investors.

RBK in 2002 became the first Russian company to sell shares in an initial public offering on the local market, raising $13.3 million in the sale of a 16 percent stake.

The percentage îf RBK available on the market will rise to 35 percent, or $86 million, after the sale next month, accoding to Renaissance’s Zagvozdina.

The company in September started a 24-hour cable TV program dedicated to business news.

RBK shares fell 0.6 percent to 58.06 rubles ($2) on the Moscow Interbank Currency Exchange as of 4 p.m. in Moscow. The shares have more than doubled In the past 12 months, outpacing the 44 percent gain of the Micex index.

Moscow-based brokerages Aton Capital Group. United Financial Group and Troika Dialog will co-manage the sale.