Changes at the top management level of the Moscow Exchange

Starting from September 25, 2012 Ruben Aganbegyan resigns his position of President of the Exchange and goes to another company.

Ruben Aganbegyan comments: "I got a very good job proposal and accepted it. I'm staying in the market but will assume a new role now and will be happy to cooperate with the Moscow Exchange. The processes that I rolled out at the Exchange are already showing results. The top management of the Exchange is very strong and I am positive that all the forthcoming projects, like IPO, will be successfully realized."

Ruben Aganbegyan worked at the Moscow Exchange from 2010 and under his management a number of key projects of the Exchange and the Russian financial market in general were realized, the most prominent of them being a merger of the two major Russian exchanges, MICEX and RTS.

Aleksander Afanasiev, CEO at the Moscow Exchange, commented: "Ruben is a talented financial professional; he pulled off the merger and, undoubtedly, can easily manage other large-scale projects of any difficulty level. We thank him for his work and are certain that we continue our cooperation in the future.

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