Listingrule s

Maintenance/Inclusion

1.	The letter on the inclusion in IIM Sector or IIM-Prime Segment (using the IPA)	All securities	document with ES via the IPA on paper electronically using the IPA form	IIM Sector / IIM-Prime Segment	Inclusion
2.	Investment memorandum ^1, 2 (standard form). Investment memorandum may be filed in English (in respect of foreign issuers).	Shares	document with ES via the IPA on paper electronically via the IPA	IIM Sector / IIM-Prime Segment	Inclusion
3.	A copy of the agreement between the issuer (Asset Management Company) and the Listing Agent (certified by the authorised officer of the issuer (Asset Management Company)).	Shares, investment units of unit investment funds, securities of foreign issuers	document with ES via the IPA on paper electronically via the IPA	IIM Sector	Inclusion
4.	The opinion of the Listing Agent, with a justification of the estimated market capitalisation of shares (in the form prescribed by the Exchange).	Shares, depositary receipts representing shares	document with ES via the IPA on paper electronically via the IPA	IIM Sector	Inclusion
5.	Description of the unit investment fund investment declaration (certified by the authorised officer of the issuer (Asset Management Company)).	Investment units of unit investment funds	document with ES via the IPA on paper electronically via the IPA	IIM Sector	Inclusion
6.	IIM Expert Council opinion (in the events identified).	All securities	on paper	IIM Sector / IIM-Prime Segment	Maintenance and Inclusion
7	Information whether an issuer (bond issue) or a guarantor (surety) has a credit rating (with the level of credit rating indicated) in respect of securities included in Level Three and in the IIM Sector at the same time	Bonds	document with ES via the IPA on paper electronically	IIM Sector	1. for inclusion 2. for maintenance: not later than five working days after the end of reporting quarter
8	Information submitted to the IIM Expert Council for the purpose of getting an expert opinion on the Entity’s compliance with the requirements set out in Sub-clause 2 Clause 3.1.1 of Annex 3 to the Rules	Shares, DRs representing shares, bonds, units of unit investment funds (when required)	on paper	IIM Sector / IIM-Prime Segment	1. for maintenance (in the absence of opinion from the IIM Expert Council) 2. for maintenance: no later than 1 month before the expiration of 3 years from the date of previous opinion from the IIM Expert Council

1. 
   The Investment Memorandum shall not be filed in the following events:
   

• 
  where shares are included in the IIM-Prime Segment with simultaneous exclusion from the IIM Sector;
  
• 
  where traded shares are included in the IIM-Prime Segment, if the investment memorandum was earlier submitted in respect of other securities of the Entity included in the IIM Sector/IIM-Prime Segment (provided that less than one year passed since the date of signature of such investment memorandum)
  
• 
  where shares (DRs representing shares) of foreign issuers are included in the IIM Sector/IIM-Prime Segment.
  

2. 
   The filing requirements in relation to the documents referred to in Clauses 2–4 of this Schedule shall not apply in connection with the inclusion in the IIM Sector of the securities of foreign exchange-traded investment funds.
   
3. 
   The Investment Memorandum shall be also disclosed on the Exchange website after the shares are included in the IIM Sector / IIM Prime Segment.
   

4. Requirements in connection with the inclusion and maintenance of securities in the Growth Sector.

   1. In relation to shares:

№	Requirement	Applicable/not applicable in connection with inclusion	Applicable/not applicable in connection with maintenance
1.	Securities are/to be included in Level Two or Level Three	Applicable	Applicable
2.	Revenue/income of the most recent full reporting year^1	Maximum revenue does not exceed RUB 25 billion	Not applicable
		Minimum revenue is not less than RUB 120 million
3.	Number of shares of the issuer in free-float (FFs), their total market value^2 (applicable in relation to Level Two only)	Compliant with requirements set in 3.4.2 of this Annex	Compliant with requirements set in 3.4.2. of this Annex
3.	Period of existence of the issuer or the legal entity through the reorganisation of which the issuer was established	At least 3 years	Not applicable

1. 
   The requirement to maximum revenue is not applicable to an issuer if securities of such issuer are listed in the Growth Sector.
   

Revenues/income shall be determined on the basis of consolidated financial statements. If such statements are not prepared, then on the basis of standalone financial statements. If consolidated (standalone) financial statements do not exist, revenues/income shall be determined on the basis of Russian Accounting Standards-based accounting (financial) statements.

2. 
   Requirements shall apply to list floating securities in the Level Two.
   

The shares may be included in Level Two according to procedures prescribed in Clause 4 Article 10 thereof, without applying FFs requirements as described in para 3 in the Table above, provided that such requirements are expected to be met after the placement and (or) sale of securities.

2. In relation to free-floated shares of the issuer:

1. 
   Requirements to the number of the issuer's free-floated shares and/or their aggregate market value included or to be included in the Growth Sector and in Level Two:
   

1. 
   In connection with the inclusion:
   

1. 
   The aggregate market value of free-floated shares of the issuer shall be
   

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