Moscow, December 3, 2003 - The shareholders of OAO RBC Information Systems (RTS, MICEX: RBCI) approved an increase in the number of authorized shares and accordingly made amendments to the Company's Articles of Association at an Extraordinary General Meeting on November 27, 2003. The current total number of authorized shares is 130 million. The current number of shares issued and outstanding is 100 million.

This decision was made in respect of the recommendation of the Board of Directors to permit the possible issuance of up to an additional 30,000,000 shares in stages with the objective of financing RBC's future growth. The newly authorized share capital will be used to finance acquisitions as and when required.

In his address to shareholders RBC Chairman and CEO German Kaplun said: "RBC is currently generating sufficient profits to sustain organic growth. However, the Company also intends to expand through selective acquisitions on the IT and media markets, which are strategically important for us."

The shareholders unanimously approved all the issues brought up for consideration at the Extraordinary General Meeting.

Investor contact: Natalia Makeeva
Tel: +7 (095) 363-1111 (ext. 1369), e-mail: ir@rbc.ru, Web: www.rbcinfosystems.com.