Fixed Income Market Presentation

Corporate governance: aiming to set an example for Russian issuers Board members Alexey Kudrin Chairman of the Supervisory Board; Sberbank of Russia, Member of the Supervisory Board.. Andrey Sharonov Rector of the Moscow School of Management SKOLKOVO Mikhail Bratanov Head of Societe Generale Securities Services in Russia and CIS, Head of Securities Services Department at Public JSC ROSBANK Yuan Wang China Development Bank, Chief Economist Anatoly Karachinsky IBS Group, Chairman of the Board Rainer Riess Independent Director Sean Glodek Russian Direct Investment Fund, Director, Member of the Executive Board Andrey Golikov Co-Chairman of the Board Valery Goreglyad Bank of Russia, Chief Auditor Yuriy Denisov NCC, Deputy Chairman of the Supervisory Board Bella Zlatkis Strategy Planning Audit Nomination and Remuneration Budget Technical Policy Risk Management Sberbank, Deputy Chairman of the Management Board Sergey Lykov Vnesheconombank, Deputy Chairman of the Executive Board Nicola Jane Beattie Chair Nbxc Ltd, Director/Senior Executive Director Kirill Shershun CentroCredit, First Deputy Chairman of the Executive Board Alexander Afanasiev Moscow Exchange, CEO, Chairman of the Executive Board ☑ MOSCOW EXCHANGE - *Independent directors Chair 1. Technical Policy Commission includes key industry IT professionals Chair Chair Chair Chair 7

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