The Exchange «Saint-Petersburg» 22 year of success

The Exchange "Saint-Petersburg" was founded in January 1991 according to the decision of the Presidium Leningrad City Soviet of National Deputies Since 1994 Exchange "Saint-Petersburg trades futures and options contracts The Exchange has licences on implementation of the activity on the organization of commodities trading, futures contracts and options. In April 1997 on the basis of the Exchange "St. Petersburg, a non-profit Partnership Stock Exchange" St. Petersburg was created, which received license No. 1 as stock exchange Since 1998, the stock exchange "St. Petersburg" topped the list of stock exchanges, authorised by the Government of Russia to JSC Gazprom equities trading. Since 1999 Stock Exchange Saint - Petersburg closely cooperates with RTS Stock Exchange and is included in its members since April 2002 In November 2007, the Ministry of economic development and trade of the Russian Federation declared Exchange "St. Petersburg as a winner in the competition for the right to trade petroleum and oil In January 2009 a non-profit partnership "stock exchange St. Petersburg was reorganized into JSC Saint Petersburgs Exchange". All management structure, technological procedures were preserved In 2010 JSC "Saint Petersburg Exchange continued the activity of stock exchange, being the only stock exchange in the North-West of the Russian Federation, listing the largest issuer – JSC Gazprom. During 22 years of work the Exchange didn't allow default of its liabilities, carrying them out in full volume before the participants of the bidding. History

The Exchange "Saint-Petersburg" was founded in January 1991 according to the decision of the Presidium Leningrad City Soviet of National Deputies. History in pictures

11 April, first trades in commodity Exchange Hall 12 March, Viktor Nikolayev was elected CEO by the decision of the general meeting of Exchange "Saint Petersburg members 14 April, 1997, the stock exchange "St. Petersburg" received license No. 1 on the right to function as a stock exchange.. 14 April, 1997, the stock exchange "St. Petersburg" received license No. 1 on the right to function as a stock exchange..

16 June, the opening ceremony of the new Exchange buildings specially adapted for trading technology. 19 July, grand opening of the construction of the first COMPLEX with the Governor of St. Petersburg A. Yakovlev. History in pictures Red stripe was cut by President of Russian Exchange Union Gavrilenko A., CEO of exchange Saint- Petersburg Nikolayev V. and the head of Vasileostrovsky district of St.-Petersburg Isayev A. Opening ceremony of the new Exchange buildings

On the 29 th of July representatives of China Financial Futures Exchange (CFFEX) and China Securities Regulatory Commission (CSRC) made a visit to Exchange Saint- Petersburg. The parties shared their experience in the field of futures market development. Deputy Director General of Exchange Saint- Petersburg Sergeyev Alexey presented a report on futures and securities market. New products on futures market were presented: futures on wheat, soybeans, cotton, corn, diesel fuel, and gasoil. Problems of trade and clearing development on Russian Derivatives Market and IT-technologies were discussed. President of China Financial Futures Exchange Mr. Hu Zheng spoke about tendencies of market trade on Chinese Financial Markets and trade of futures contracts and securities on CFFEX. On the 29 th of July representatives of China Financial Futures Exchange (CFFEX) and China Securities Regulatory Commission (CSRC) made a visit to Exchange Saint- Petersburg. The parties shared their experience in the field of futures market development. Deputy Director General of Exchange Saint- Petersburg Sergeyev Alexey presented a report on futures and securities market. New products on futures market were presented: futures on wheat, soybeans, cotton, corn, diesel fuel, and gasoil. Problems of trade and clearing development on Russian Derivatives Market and IT-technologies were discussed. President of China Financial Futures Exchange Mr. Hu Zheng spoke about tendencies of market trade on Chinese Financial Markets and trade of futures contracts and securities on CFFEX. Business Meetings

On the 4 th of June 2009 the official delegation from Hong-Kong with Minister of Finance in chief visited the Exchange Saint-Petersburg. Business Meetings Following the invitation of the Centre of Collaboration with countries of Asian-Pacific region, on the 4 th of June, 2009 Director General of Exchange Saint-Petersburg Viktior Nikolayev took part in business-lunch during the visit of Hong- Kong Minister of Finance Mr. John Tan Zhunva to Saint- Petersburg. The goal of the meeting was to define key directions of further mutual collaboration between Saint-Petersburg and Hong-Kong, to find new business partners in the sphere of market trade. After the lunch the delegation, which consisted of 15 persons visited Exchange Saint-Petersburg and studied the functioning of the Exchange, its main tendencies of development, shared the experience and established business contacts for further development. Following the invitation of the Centre of Collaboration with countries of Asian-Pacific region, on the 4 th of June, 2009 Director General of Exchange Saint-Petersburg Viktior Nikolayev took part in business-lunch during the visit of Hong- Kong Minister of Finance Mr. John Tan Zhunva to Saint- Petersburg. The goal of the meeting was to define key directions of further mutual collaboration between Saint-Petersburg and Hong-Kong, to find new business partners in the sphere of market trade. After the lunch the delegation, which consisted of 15 persons visited Exchange Saint-Petersburg and studied the functioning of the Exchange, its main tendencies of development, shared the experience and established business contacts for further development.

Commodities: Derivatives: Technical Service: :. The Exchange has licences on implementation of the activity on the organization of trading commodities, futures contracts and options. Basicactivities - petroleum products - grain - mineral fertilizers - timber - metals - electronic trading on products purchase by large enterprises - petroleum products - grain - mineral fertilizers - timber - metals - electronic trading on products purchase by large enterprises - FX + (reporting OTC forwards cross- rates) - DATA-Center - TRADEX trading platform - hardware-maintenance - DATA-Center - TRADEX trading platform - hardware-maintenance

Seller Buyer The EXCHANGE Authorized bank C ONCLUSION OF A DEAL I N THE TRADING SYSTEM OF THE E XCHANGE Guarantee assurance from 5 to 15 % C ONCLUSION OF A DEAL I N THE TRADING SYSTEM OF THE E XCHANGE Guarantee assurance from 5 to 15 % COMMODITY MARKET STRUCTURE E XCHANGE DEAL

1. Dynamics of markets serviced by the Exchange "St. -Petersburg" 2. Structure of bidders of Exchange "St. –Petersburg 55.6 For 2011, the total turnover of Exchange Saint-Petersburg trades in stock, derivatives and commodity markets exceeded 55.6 trillion rubles. And for 5 months in 2012 it amounted to trillion rubles. 300 There are more than 300 bidders on commodities market 200 There are more than 200 banks and investment companies working as bidders on financial market more than Bidders of Exchange Saint- Petersburg service more than clients 55.6 For 2011, the total turnover of Exchange Saint-Petersburg trades in stock, derivatives and commodity markets exceeded 55.6 trillion rubles. And for 5 months in 2012 it amounted to trillion rubles. 300 There are more than 300 bidders on commodities market 200 There are more than 200 banks and investment companies working as bidders on financial market more than Bidders of Exchange Saint- Petersburg service more than clients Development outcomes

Trade dynamics on exchange markets Volume of oil products for 5 months 2012 Product namevolume, th tonsProduct namevolume, th. tons Petrol normal-807,236Mazut m-10044,720 Petrol regular-9219,766MTB1,740 Petrol premium -9514,831Diesel fuel summer/winter30,886 Heating oil domestic11,640Fixed-wing fuel23,742 Total volume of oil 156,195 th. tons Tradings structure on commodity market in 2012 (mln. rub.)

Turnover on commodities market * Until June 1, 2012

The Exchange trades commodities, including petroleum products, metals, grain, fertilizers, timber Participation in the program of improving the financial literacy with the support of the regional offices of FFMS in the North-West development of regional branches: in the Republic of Buryatiya (Ulan-Ude) and the Urals federal district (Chelyabinsk). Organization of trade on products purchase by large enterprises and their subsidiaries (Transneft and others) In December 2011 CJSC St. Petersburg International Mercantile Exchange, non-commercial partnership Interregional Exchange of oil and gas complex (MBNK) and JSC Exchange St.Petersburg signed a memorandum on formation of United trade session on oil products. Key events of

Technical complex Trade system system Program-technical complex provides the following services: full backup of a local area network and devices connected to the Internet; primary and standby channels Internet, with automatic switching support BGP protocol to reserve channels from alternative providers round-the-clock monitoring of trading systems and network Exchanges on the basis of special sensors installed in the server room automatic alert system warns administrators about equipment failures and breakdowns monitoring of trading on large television screens by the trade administrators and the system administrators Program-technical complex provides the following services: full backup of a local area network and devices connected to the Internet; primary and standby channels Internet, with automatic switching support BGP protocol to reserve channels from alternative providers round-the-clock monitoring of trading systems and network Exchanges on the basis of special sensors installed in the server room automatic alert system warns administrators about equipment failures and breakdowns monitoring of trading on large television screens by the trade administrators and the system administrators Modern facilities enable Exchange to maintain not only its own high quality complex equipment and trades, but also equipment and technology outsourcing. Modern facilities enable Exchange to maintain not only its own high quality complex equipment and trades, but also equipment and technology outsourcing. Trading system of stock exchange "St. Petersburg – its a modern solution for trading from any part of the world in real- time without delays and glitches Trading system is a private development of the Stock Exchange Saint-Petersburg". Trading system of stock exchange "St. Petersburg – its a modern solution for trading from any part of the world in real- time without delays and glitches Trading system is a private development of the Stock Exchange Saint-Petersburg".

Saint-Petersburg, V.О., Line 26, building 15/2 tel.: +7 (812) fax: +7 (812) Saint-Petersburg, V.О., Line 26, building 15/2 tel.: +7 (812) fax: +7 (812)