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Press releases | Archive 2007

RBC Board passes resolution on additional financing

Moscow, August 6, 2007 - At a meeting held on August 3, 2007, the Board of Directors of OAO RBC Information Systems (RTS, MICEX: RBCI) made the following decisions:

1. The Board resolved to increase the company's share capital by 17.4% by issuing 20,740,000 ordinary shares at a nominal price of RUR0.001 per share within the limits of authorized shares. Therefore, RBC's share capital will consist of 140,000,000 ordinary shares following the equity increase. The record date for the execution of preemptive rights is set for August 3, 2007. The beginning date of the placement of new shares via an open subscription will be determined by the Board of Directors after the state registration of the share issue.

2. The Board also decided to call an extraordinary general meeting (EGM) on September 18, 2007 with the record date of August 3, 2007. The key item on the EGM agenda will be approval of a material transaction connected with the organization of debt financing for RBC. In accordance with Russian legislation, all the relevant information materials, including terms and conditions of the proposed transaction, will be made available to shareholders twenty days prior to the EGM.

RBC Chairman German Kaplun commented on the above decisions as follows: "As the Russian media market continues demonstrating very high growth rates, RBC strives to take full advantage of the current favorable situation and actively increase the scale of its business. The purpose of the proposed equity and debt increases is to finance the company's further growth via acquisitions and the launch of new media products and services."

Press and investor contacts:
Egor Timofeev
Tel: +7 (495) 363-1111
Email: pr@rbc.ru
Web: www.rbcholding.com