Financial Izvestia # 591, November 6, 2001

In view of the upcoming IPO, RosBusinessConsulting gave a road show in Geneva, Lugano and Zurich (Switzerland). As a result of this event, RBC placed pre-IPO convertible bonds for a total amount of $5m. RBC announced its intention to float about 17% of its shares, a part of which will be exchanged for convertible bonds. The RBC Board of Directors reserved 10% of shares for future acquisitions and corporate purposes. The current management of the company also reserved the right to sell an additional 8% of its shares not earlier than 6 month after the IPO.