Investor Presentaiton

☑ MOEX solution for OFZ market: ✓ T+1 settlement cycle ✓ Partial pre-funding (collateral requirements from 4% to 10%) ✓ Central limit order book (CLOB) and negotiated bilateral trades ✓ Market-making in CLOB ✓ OFZS used as collateral in repo trades ✓ Primarily placements on a weekly basis (for all market participants) ✓ OFZS used as underlying of derivatives contracts ✓ DMA/SMA for international investors Highly liquid OFZ REPO market with CCP ✓ OFZ deliverable futures with quarter expiration available MOSCOW EXCHANGE 12

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