Moscow, July 11, 2008 - RBC Information Systems (RTS, MICEX: RBCI) announces that on July 10, 2008 it successfully placed the second issue of commercial paper (BO-5 series) in the amount of RUB 1.5bn (approximately $64.0m) on MICEX. The commercial paper has the maturity of 364 days, with the coupon paid at maturity. The issue's identification number is 4B02-05-05214-A.

The issue, which was organized by Alfa Bank, was fully placed at the rate of 10.99% p.a. During the book building, investor demand substantially exceeded the volume of the offering. Alfa Bank received 58 purchase orders for the total amount of RUB 2.305bn, which equals 154% of the issue volume. This is the second placement of commercial paper conducted by RBC. The debut CP offering in the amount of RUB1.5bn took place on March 25, 2008.

"We are very pleased with the results of the issue. Hedging in the form of the currency forward agreement brought the actual cost of this debt for RBC down to 9.075% p.a. in US dollar terms, which is an attractive pricing given the current debt market conditions. Essentially, the current placement helped RBC to refinance part of its debt at a lower rate, after the partial repayment of CLNs in the amount of $56.5m in June 2008," said RBC Vice Chairman of Finance Dmitry Belik.