Secondary placement auction for Russian Federation government bonds to be run on March 28, 2012

Please be advised that in accordance with the resolution of the Ministry of Finance of the Russian Federation, the secondary placement auction for Russian Federation government constant coupon bonds, the issue No 25079RМFS, for a total of RUB10 billion will be run on March 28, 2012

The Bank of Russia has determined the following procedure for running the auction:

• 11:00 - 11:30 – submitting bids;
• 12:30 - announcement of the cut-off price.

Volume of noncompetitive bids must not exceed 25% from a total bid volume submitted by a dealer.

Potential holders of the indicated securities are determined as residents and non-residents.

Auction's settlement code is SO set in accordance with the instruction of the Ministry of Finance of the Russian Federation.

For further information, please contact the Public Relations Department at (495) 363-3232.