RTS

	Russian Trading System (RTS)
Entry and exit date	2006 - 2008
Investment size and stake	US $14.8m 10% stake (in consortium)
Business description	Second largest stock exchange after MICEX Main floor for trading in stocks, bonds and derivatives Vertically integrated platform using state of the art technologies
Reasons for investment	Monopolist stock exchange infrastructure with strong growth potential and cash generation capabilities
Strategy for value creation	Improve product mix and tariffs structure Improve management and corporate governance Preparation for IPO in the medium term

United Capital Partners Advisory
Paveletskaya Plaza, 2 Paveletskaya Square, bld 2 , Moscow 115054, Russia
Phone: +7 (495) 643-11-00, Fax: +7 (495) 643-13-00
info@ucpfund.com