ORDER OF THE FEDERAL SERVICE FOR FINANCIAL MARKETS № 08-32/PZ-N OF AUGUST 12, 2008

 ORDER
              OF THE FEDERAL SERVICE FOR FINANCIAL MARKETS
                    NO. 08-32/PZ-N OF AUGUST 12, 2008
           ON THE INTRODUCTION OF AMENDMENTS TO THE STANDARDS
           OF THE ISSUE OF SECURITIES AND OF THE REGISTRATION
              OF THE ISSUE PROSPECTUSES, WHICH ARE ENDORSED
              BY ORDER OF THE FSFM OF RUSSIA NO. 07-4/PZ-N
                           OF JANUARY 25, 2007

     In accordance with Item 2 in Article 42 of Federal law No. 39-FZ  of
April 22,  1996  in  the  Securities  Market  (Sobraniye  Zakonodatelstva
Rossiyskoy Federatsii No. 17, 1996, item 1918; No. 48, 1998,  item  5857;
No. 28, 1999, item 3472; No. 33, 2001, item  3424;  No.  52,  2002,  item
5141; No. 27, 2004, item 2711; No. 31, 2004, item  3225;  No.  11,  2005,
item 900; No. 28, 2005, item 2426; No. 1, 2006, item 5; No. 2, 2006, item
172; No. 17, 2006, item 1780; No. 31, 2006, item 3437; No. 43, 2006, item
4412; No. 1, 2007, item 45; No. 18, 2007, item 2117; No. 22,  2007,  item
2563; No. 41, 2007, item 4845; No. 50, 2007, item  6247;  No.  50,  2007,
item 6249), with Item 5.2.1 of the Statute of  the  Federal  Service  for
Financial Markets, approved by Decision of the Government of the  Russian
Federation No. 317 of June 30, 2004 (Sobraniye Zakonodatelstva Rossiyskoy
Federatsii No. 27, 2004, item 2780; No. 33,  2005,  item  3429;   No. 13,
2006, item 1400; No. 52, 2006, item 5587; No. 12, 2007,  item  1417;  No.
19, 2008, item 2192), I order:
     to approve the appended amendments to the Standards of the Issue  of
Securities and of the Registration of  the  Prospectuses  of  Securities,
approved by Order of the FSFM of Russia No. 07-4/pz-n of January 25, 2007
(with amendment introduced by Orders of the FSFM of Russia No. 07-41/pz-n
of April 5, 2007, No. 07-76/pz-n of July 12, 2007 and No.  08-22/pz-n  of
June 3, 2008).

Chief                                           
of the FSFM                                                V. Milovidov

Registered by the Ministry  of  Justice  of  the  Russian   Federation on
September 5, 2008.
Registration number 12234

                               Amendments
               to the Standards of the Issue of Securities
       and of the Registration of the Prospectuses of Securities,
            What Are Approved by Order of the FSFM of Russia
                    No. 07-4/pz-n of January 25, 2007

     1. Item 8.3.3 shall be worded as follows:
     "8.3.3. The shares of the joint-stock company set up as a result  of
its reorganisation for the shareholders, owners of shares of one category
(type) of one joint-stock company reorganised in the form of  the  merger
or incorporation, shall be placed on similar conditions".
     2. The third paragraph of Item 8.9.1 shall be worded as follows:
     "the exchange for the shares of the joint-stock company set up as  a
result of transformation, for the equity stakes in joint-stock capital of
the participants of the transformed  company  with  limited  (additional)
liability,  the  equity  stakes  in  the  contributed      capital of the
participants of the economic partnership transformed into  it,  the  unit
shares of the cooperative transformed into it";
     3. In Item 8.9.2 the words "the equity stakes of the participants of
the company with limited (additional) liability" shall be replaced by the
words "the equity stakes in the authorised capital of the participants of
the company with limited (additional) liability, the equity stakes in the
contributory capital of the participants of the economic partnership".

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