On November 27, 2008, the non-commercial partnership “National Depositary Center” performing the payment agent’s functions for NWT bonds series 03 paid in full the 15th coupon income on the third issue of NWT bonds.

The rate for the 15th coupon was equal to 8.6% per annum; 21 rubles 44 kopecks were due on each bond.

The total amount allocated for paying the 15th coupon was equal to 64,320 thousand rubles.

The list of persons entitled to receive the coupon income on the bonds was prepared as of November 21, 2008.

The third-issue bonds are interest-bearing documentary bearer bonds with mandatory central storage, series 03 (state registration number 4-03-00119- À of December 28, 2004) placed at the Stock Exchange “Moscow Interbank Currency Exchange” on March 3, 2005. The volume of the issue is 3 billion rubles; the number of bonds is 3 million pieces with the par value of 1 thousand rubles. The maturity period is 6 years. The coupon income on the bonds is paid on the quarterly basis. The bonds are included in the RF Central Bank’s Pawn List, are accepted by the Bank of Russia as collateral for direct REPO deals and are included in the quotation list A1 of the Moscow