3Q 2021 Financial Overview slide image

3Q 2021 Financial Overview

NTPro acquisition profile What is the structure of the deal? ■ Phased acquisition of up to 100% of BierbaumPro AG, a parent company owning 100% of NTProgress; ■ NTProgress is BierbaumPro's main asset; ■ NTProgress runs and develops the proprietary OTC FX trading platform called NTPro; ■ MOEX acquired a 95% stake. Further consolidation depends on NTPro's performance; Russian FX market SPOT volumes migrate to OTC 72% 2017 28% 2019 82% 18% ■ The entire deal might take up to 3 years. The final price is also conditional. Deal rationale ADTV: USD 20 bln ADTV: USD 23 bln MOEX OTC ■ Since its launch in 2016, NTProgress has become one of the leading platforms on the Russian electronic OTC FX market ■ NTProgress has a client base of more than 30 banks, presence in Moscow & London, capability to service global clients ■ The platform offers solutions for liquidity aggregation, matching and algo execution across multiple FX instruments ■ NTPro's SPOT-only ADTV in 2019 reached USD 4.5bln, exceeding MOEX's USD 4.1bln ▪ The deal fits MOEX Group Strategy 2024, addresses new trends and challenges on global and Russian FX market ■ Global exchange peers such as Deutsche Boerse, BATS, Euronext, etc made similar acquisitions ■ NTPro has potential synergies with MOEX in post-trade and risk management ☑ MOSCOW EXCHANGE Source: Bank of Russia, exchanges' and FX platforms' web-sites 19
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