OREANDA-NEWS. On 25 May 2009 was announced, that the annual general meeting of shareholders of the MICEX Stock Exchange had announced the results of the MICEX SE’s financial and economic activities in 2008 and approved the MICEX SE’s financial reports and its annual report for 2008. According to the Exchange’s financial statements, prepared under Russian standards, in 2008, the net profit of the MICEX SE amounted to 2201 thousand rubles. Shareholders decided to retain the profit and pay no dividends on the MICEX SE’s shares for 2008.

The meeting elected the Board of the MICEX SE, comprised of 11 members, for the period until the next annual general meeting of shareholders.

The new Board of the MICEX SE includes:

Mikhail Belyaev, Senior Managing Director of OTKRYTIE Financial Corporation;

Yuri Denisov, Senior Vice President and Head of the Treasury of the VTB Bank’s Finance Department;

Nikolai Ermolayev, Director of the Treasury Operations Department of ROSBANK;

Bella Zlatkis, Deputy Chairman of the Board of Sberbank;

Konstantin Korischenko, President of the MICEX and CEO of the MICEX SE;

Sergei Kornev, Director of the Financial Markets Department of UniCredit Bank;

Sergei Lykov, Member of the Board and Deputy Chairman of Vnesheconombank;

Gennady Mayatsky, Vice President and Head of the Treasury of Evrofinance Mosnarbank;

Vladimir Reutov, Deputy Chairman of the Board and Member of the Board of St. Petersburg Bank;

Alexey Tsyganok, Director of the Office for Global Markets of Troyka Dialog;

Evgeni Ellinski, Vice-President and Member of the Board of the MICEX.

Immediately after the shareholders’ meeting, the new Board of the MICEX SE elected Bella Zlatkis (Sberbank) as Chairperson of the Board and Sergey Lykov (Vnesheconombank) as its Deputy Chairperson.

The general meeting of shareholders appointed Deloitte & Touche CIS independent auditor of the MICEX SE until the next annual general meeting.

The general meeting elected the following 5 people members of the Audit Commission of the MICEX SE until the next general annual meeting:

Irina Glazkova, Head of the MICEX Internal Audit Service;

Dmitri Kamenskikh, Head of the Office for the Bank’s Equity Capital and Corporate Reporting of Gazprombank’s Department for Long-Term Corporate Investments and Equity Capital;

Alexey Polyak, Director of Division of VTB Bank’s Internal Control Office;

Vyacheslav Ulupov, Director of Vnesheconombank’s Internal Control Service;

Yuri Yukin, Vice President and Head of Evrofinance Mosnarbank’s Internal Control Service.

The shareholders’ meeting considered the results of the MICEX Stock Exchange’s performance during the reporting period. The total volume of transactions in non-securities on the MICEX SE grew by 11.2% and amounted to 48.4 trillion rubles (1.99 trillion U.S. dollars). Trades in stocks accounted for 12.5 trillion rubles (514 billion U.S. dollars), bonds accounted for 3.7 trillion rubles (149 billion U.S. dollars), shares of investment funds accounted for 23.1 billion rubles (0.95 billion U.S. dollars), the MICEX Index futures accounted for 0.9 billion rubles (0.04 billion U.S. dollars) and repos accounted for 32.1 trillion rubles (1.3 trillion U.S. dollars).

The MICEX Stock Exchange remains the center of price formation for Russian companies’ securities. The MICEX Stock Exchange’s proportion in the Russian on-exchange share market amounted to about 98% or, taking into account the OTC segment, 65.2%. The proportion of the MICEX SE in the volume of on-exchange trading in shares and depository receipts for shares of Russian companies reached 63.1%.

In 2008, the MICEX SE continued to develop its line of instruments and trading technologies. The MICEX Stock Exchange implemented new modes of trading, which, since February 2009, are used to carry out repos with the Bank of Russia. During the year, the MICEX SE launched a new instrument, commercial papers, and established a new sector, the MICEX Discovery Sector, for stocks admitted to trading on the initiative of the Exchange. The implementation of simple clearing helped participants in trading to accelerate settlements. The MICEX continued to develop its family of indexes. It launched the MICEX Corporate Bond Index (MICEX CBI), the MICEX Financials Index (MICEX FNL) and the MICEX Municipal Bond Index.