1. 9 th IRSF survey Main findings

2. 2 Based on all answering Predicted timetable for RTGS 2013 is believed to be the most likely timetable for RTGS for Rouble 2011 2012 2013 % Other 2014 2015 April 2011 October 2010

3. 3 Based on all answering Reassured by progress BESP is making towards RTGS? Most are fairly confident in the progress BESP is making towards real-time gross settlement Yes Somewhat % No April 2011 October 2010

4. 4 Based on all answering Will all Rouble trades ultimately be settled by BESP? There is growing confidence that all Rouble trades will be settled via BESP. Yes No % Not sure April 2011 October 2010

5. 5 When do you anticipate that the Rouble will become CLS-settled? 2015 is believed to be the most likely timetable for the Rouble to become CLS-settled. Based on all answering 2013 2014 2015 % 2016 2017 2018 2019 2020-2025 April 2011 October 2010 Other

6. 6 Rouble development Based on all answering BESP will become the main settlement system for Rouble % Agreeing with each statement Moscow will become a recognised international financial centre Rouble will become a recognised G8 currency Rouble will become a reserve currency There is growing confidence that Russia will become a recognised international financial centre, and that the Rouble will become a recognised G8 currency. April 2011 October 2010