INFORMATION OF THE CENTRAL BANK OF RUSSIA

of November 11, 2008

The Department for External and Public Relations of the Bank of Russia reports that on November 11, 2008 the Board of directors of the Bank of Russia within the measures directed to decrease in level of capital outflow from Russia and control of inflation tendencies made the decision on increase in refunding rate of the Bank of Russia and interest rates for the operations performed by the Bank of Russia.

Since November 12, 2008 the refunding rate of the Bank of Russia is established in the amount of 12% per annum, and also the following interest rates for the operations performed by the Bank of Russia are established:

on the credits overnight of the Bank of Russia - in the amount of 12% per annum;

on the lombard loans of the Bank of Russia granted according to the Provision of the Bank of Russia of August 4, 2003 N 236-P for the term of 1 calendar day - in the amount of 9% per annum; for the term of 7 calendar days (if the last two lombard credit auctions are recognized as cancelled) - in the amount of 9% per annum; for the term of 30 calendar days - in the amount of 9% per annum;

on the credits of the Bank of Russia provided with assets, provided for a period of up to 90 calendar days according to the Provision of the Bank of Russia of November 12, 2007 N 312-P - in the amount of 10% per annum;

on the credits of the Bank of Russia provided with pledge of bills of exchange, rights of requirements for credit agreements of the organizations or to the guarantees of credit institutions provided according to the Provision of the Bank of Russia of July 14, 2005 N 273-P: for a period of up to 90 calendar days - in the amount of % per annum 8,5; for a period of 91 to 180 calendar днейв the % per annum 9,25 size;

on transactions of direct repo: for the term of 1 day - in the amount of 9% per annum; for the term of 7 days - in the amount of 9% per annum;

according to transactions "currency swap" for a period of one day (ruble part) in the amount of 12% per annum;

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