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Press releases | Archive 2007

RBC shareholders approve consolidation of IT assets in Armada, RBC's wholly owned subsidiary

Moscow, January 24, 2007 - ОАО RBC Information Systems (RTS, MICEX: RBCI) is pleased to announce that an extraordinary general meeting held yesterday approved the consolidation of all RBC's IT assets in Armada, which is a 100% subsidiary of RBC. Thus, RBC has successfully completed the first stage of the divestment of its IT business.

"RBC management did not participate in the voting on this issue, as any transfer of assets between companies within the same group is classified as a related-party transaction. Therefore, the approval of this item means that minority shareholders fully support the divestment of the IT business, which, of course, is very important for us", - said RBC Chairman German Kaplun.

At the second stage of the de-merger, the RBC Board of Directors will consider paying out a dividend to RBC shareholders in common stock of Armada and convening the next general meeting. The Board is expected to meet over these issues in February 2007.

On the date of the Board of Directors' meeting, RBC will publish a press release informing shareholders of the date of the general meeting and the date of record (ex-dividend date). The date of record will be any of the five days following the RBC Board meeting. The shareholders included in the registry on the date of record will be eligible to take part in the general meeting and receive the dividend in common stock of OAO Armada if the payment is approved by the Board and the general meeting.


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