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Press releases | Archive 2007

RBC announces successful placement of 20.74 million shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

THIS COMMUNICATION IS NOT BEING MADE IN THE UNITED STATES OF AMERICA AND IS NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES. THIS COMMUNICATION DOES NOT CONTAIN OR CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY SECURITIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF RBC INFORMATION SYSTEMS HAVE NOT BEEN AND ARE NOT INTENDED TO BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION UNDER THAT ACT OR AN AVAILABLE EXEMPTION FROM REGISTRATION REQUIREMENTS UNDER THAT ACT.

THIS COMMUNICATION IS DIRECTED ONLY AT PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM OR (II) ARE INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") OR (III) ARE HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR (IV) SUCH OTHER PERSONS TO WHOM IT MAY LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS COMMUNICATION MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS COMMUNICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

Moscow, December 10, 2007 - OAO RBC Information Systems (MICEX, RTS: RBCI), a Russian-based mass media group, announces the successful placement of all 20,740,000 ordinary shares, which was oversubscribed. The share offering represents a 14.8% equity increase on a post-offering basis.

As a result of the equity increase, the company has raised approximately RUR 4.58 billion, which amounts to approximately $187 million, based on the exchange rate of the Russian Central Bank as of 7 December 2007. The shares were placed at a price of RUR 221 per ordinary share simultaneously on the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading Systems (RTS) on December 7, 2007.

Approximately 17.9 million shares were placed with existing shareholders. The remaining 2.8 million shares were placed with new investors in the open subscription, while the demand from these investors amounted to about 11 million shares. UniCredit ATON acted as lead manager and book-runner for the offering. RBC intends to use the proceeds of the share offering to finance its media acquisitions.

RBC Chairman and CEO German Kaplun highly appreciated the results of the transaction. "I am very much gratified by the strong support from shareholders and would like to thank them for their trust. Now the company has the necessary funds for the next stage of active growth in the mass media field. I am also very grateful to our lead managers for their quality performance - as in previous equity increases, the book was oversubscribed as well."

Commenting on the announcement, Sergey Sidorov, UniCredit Aton's Head of Capital Markets said: "We are delighted with the results of the offering. RBC's strong growth and high profile in the capital markets since its IPO attracted good demand from both existing and new investors."


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