The Moscow Exchange CIO Update 3rd quarter 2012

Content The Exchange today (Sergei Sinkevich) Latest news Client facing departments and main contacts 2. The Exchange IT initiatives planned for 2012 - 2015 (Vahan Vardanian) New IT Strategy Trading Engines consolidation in one exchange datacenter Point of Presence of the Moscow Exchange in London Perspective Trading Platform for Derivatives - SPECTRA Other initiatives

The Exchange today 1

Building blocks of future excellence 2012 T+n May 2013 REPO with central counterparty December 2012 Central Depositary December 2012 2015 Listing reform July 2013 Full IT integration 2014 Tariff reform January 2013 Domestic investor base 2013+ Privatization 2012+

The Exchange IT initiatives planned for 2012 - 2015

Strategic IT goals Strategic goals Strategic initiatives Ensuring reliability and continuity of operations Flexible high-performance trading platform Optimization and rationalization of existing solutions (2012-2013) CC integrated T+3 mode support solution. Unified clearing system for all markets (by the end of 2013) Increased productivity by parallel processing of the most liquid instruments (2013-2014) Next Generation Trade engine utilizing best Global trading practice (2015) Market access unification and promotion of the industry standard FIX/FAST interfaces (2013) Implementation of the Data Centers in accordance with Global standards Consolidation of al markets trading platform under one primary DC roof - M1 (Q2 2013) Construction and commissioning of ME own DC Tier III grade facility within fully redundant data center architecture Implementation of the new services for Participants Low latency сo-location solution and dedicated network services (from October 2012) Points of Presence in Global Financial Centers – starting October 2012 SaaS («cloud») services (analytic systems, monitoring services, solutions for issuers) through MICEX-RTS Cloud platform 200 Performance (peak) x1000 transactions per second per market Average door-to-door latency, ms 1,3 99,97 99,98 99,98 Systems availability, % 10 Connectivity to the Global Financial Networks 2011 1Q12 by 2015 *benchmarks are for ASTS platform only. For FORTS platform: - Performance = 2500 transactions/s - Door to door latency = 10 ms ( Down to 3 ms after roll out of Spectra) 6

The Moscow Exchange Collocation Hosting Services Colo facilities Update plan Industrial caliber (equivalent Tier II) 6 kW power (44U useable) Remote hands 24x7 surveillance and monitoring less than 1 millisecond RTD to FORTS/ASTS* All Moscow Exchange matching engines in one building* Equity market engine migration - 11/2012 Derivatives market engine migration - 04/2013 Up to 10 Gb connectivity Unified attractive tariffs for co-lo * After 19/11 will be under 100 microsecond for ASTS * Aggregation of FORTS platform is planned for Q2 2013

Point of Presence in London Specification Update plan Point of presence in Equinix LD4 Average expected latency 40-43 ms Two separate physical network from independent providers Access to all markets FIX Market data - FAST Launch in testing mode – October 2012 Marketing period for 3 months Native API available throughout 2013

Perspective Trading Platform for Derivatives - SPECTRA New derivative trade platform – new generation of FORTS platform. Massive investment to architectural redesign Production – in the beginning 2013 Fully scalable Independent components structure Unparalleled matching and pretrade risk control FIX, FAST, Ultra-low messaging system Plaza II

Changes Forts 3.8.x Spectra Productivity Up to 2 000 transactions \ sec 30 000 transactions \ sec Latency Client interface – 16 000 log entries \ sec for C++ Critical market data – 75 мs dissemination int. Not-critical market data – 500 мs Client interface – 250 000 entries \ sec for C++ Critical market data – 30 мs dissemination int. Platform Windows Linux (RHEL и Debian) Java & .NET compatible Client’s infrastructure requirements The same 10 Mbit connectivity 2-x cores Intel Xeon 53xx or better with 24 Gb memory and SAS disc controller with write-back capability

(availability of test environment) Other initiatives Initiative Timing Value for clients T+ n trading mode for stock market 4th quarter 2012 (availability of test environment) Settlements and assets delivery in accordance with best practices Unification of FIX and market data interfaces 2 quarter 2013 Simplified maintenance for the clients Reduction of infrastructure costs Clearing to be unified in National Clearing Centre 4th quarter 2012 Cut costs on infrastructure Single cash and assets position for all ME markets Cash REPO deals backed up with central counteragent November 2012 Counterparty risk management Integrated clearing for stocks and derivatives market 3rd quarter 2013 Single cash and assets position for all ME markets

Thank you!