The Russia Journal, March 29, 2002

With the upcoming initial public offering in April 2002 on RTS and MICEX, RosBusinessConsulting (RBC) announces that Aton Capital will act as a lead manager. Freshfields Bruckhaus Deringer will act as the legal adviser to the underwriter. Ernst and Young are legal advisers to the issuer. These companies are helping us provide maximum openness and transparency for the market. In keeping with this effort, we also announce the completion of the 2001 audit of the RBC Group, which was performed by KPMG, our permanent auditor," said RBC General Director Yury Rovensky. Total revenue for the financial year ending Dec. 31, 2001, was $16.95 million. Media-based revenues (consisting of information services and advertising) amounted to $9.85 million, while IT revenues (consisting of software development, offshore programming, system integration and consulting) amounted to $7.1 million. Net profit for the year 2001 was $6.3 million, a 260 percent increase over 2000.