OREANDA-NEWS. On 21 May 2008 was announced, RTS Board of Directors approved OJSC "RTS" procedure on RAO UESR reorganization (further - Procedure).

The Procedure describes the steps to be taken by OJSC "RTS" in connection with RAO UESR reorganization:
From the moment the Procedure comes into force ask (bid) orders on RAO UESR ordinary and privileged stocks are not to be submitted, trades with the above-mentioned stocks are not to be executed if they imply settlement after June 6th, 2008, including:

Submitting repo orders and executing repo trades that imply settlement of the second leg after June 6th, 2008;

Submitting orders to execute trades with delayed settlement as well as trades with delayed settlement that imply settlement after June 6th, 2008.

Ordinary stocks of RAO UESR are to be excluded from the list of securities admitted to trading in the electronic mode on May 26th, 2008 before the trading session begins.

Trading in RAO UESR ordinary and privileged stocks in the quote-driven mode is to be halted starting from June 2nd, 2008.

Trading in RAO UESR ordinary and privileged stocks with full depositing of assets is to be halted starting from June 7th, 2008.

The Procedure comes into force from the moment the present release is posted on the website.