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Investor Presentaiton

20% ☑ NSD: collateral management services drive F&C growth Assets on deposit (average for the period) RUB trln Other Tradable equities +26% Equities held at the long-term safekeeping accounts +13% OFZ Corporate and regional bonds 22.8 24.1 8% 21.4 21.9 22.6 22.7 10% 18.1 15% -3% 6%, 10% 8% 14% -3% 16% 16% 15% 16% 17% 36% 36% 40% 37% 36% 37% 35% 17% 19% 17% 17% 16% 16% 17% 26% 24% 23% 24% 23% 24% 24% 2013 2014 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 Fee & commission income for depository & settlement services RUB mln +37% +33% 3,189 2,323 954 717 734 735 766 Comments Solid fee and commission growth in depository & settlement services was driven by both an increase in assets under custody and a higher number of inventory transactions in the reporting period due to strong demand for collateral management services ■ Collateral management system for REPO transactions generated appr. 1/5 of income from depository and settlement services in 4Q20141 In 2014, NSD was recognized as a systemically important financial institution by the CBR: - a nationally important payment system - a nationally important CSD 2013 2014 4Q2013 1Q2014 2Q2014 3Q2014 4Q2014 MOSCOW EXCHANGE Source: Moscow Exchange operational information and Consolidated Financial Statements 1 according to Moscow Exchange operational information 28
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