Moscow, August 28, 2003 - Today RBC Information Systems (RTS: RBCI; MICEX: RU14RBCI4001), launches RBC Bonds, an Internet terminal for displaying prices of Russian corporate bonds.

This new product contains information and instruments to work on the debt market, including bond prices of leading market makers, a catalogue of bond issues, a yield/price calculator, a database on issuers, corporate news, announcements of bond issues and coupon payments.

The main advantage of the terminal is that it enables users to be aware of the latest events, read specialized news about issuers of the bond market and receive analytical commentaries. Users of RBC Bonds will have the possibility to get access to RBC Issuer Database, which is integrated in the system and contains information about 4,000 issuers.

The bond calculator is powerful and convenient means of evaluating bonds. It has an expanded help system and user-friendly interface that provides for efficient activities of a broad range of users. With an integrated database on debt instruments and professional means for analysis, the calculator will be a key assistant to participants of the bond market. Specialists will appreciate the possibility of quick calculation of bond prices, accumulated coupon yield, yields to maturity and offer, duration, modified duration, convexity and PVBP (Price Value of a Basis Point) in order to analyze the sensitivity of bonds.

"The terminal RBC Bonds is another up-to-date high-end instrument for operations on the securities market. RBC is the leader in developing IT solutions. It maintains stable and efficient work of the terminal offering additional advantages to its clients in their professional activities," RBC Media Business Director Artyom Inutin pointed out.

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