Delovoi Peterburg (St.Petersburg), May 8, 2002

Yesterday, May 7, the common shares of OAO RBC Information Systems began circulating on the secondary market on the Moscow Interbank Currency Exchange (MICEX) and the RTS Stock Exchange. This company was the first to conduct an initial public offering (IPO) in Russia on April 18. RBC placed 16 million shares at RUR25.86 ($0.8337) per share (see Delovoi Petersburg No.96/02, www.dp.ru). Yesterday three transactions with a total of 170,000 RBC shares were made on RTS at a price of $0.95, which is 14 percent more than the IPO price. The closing price reached $0.91.

The volume of RBC shares traded on MICEX was 6,256 at a price ranging from RUR29.99 to RUR33 per share. The average weighted price surpassed the IPO price by 18 percent and reached RUR30.4. (V.B.)