Listingrule s

Requirements applicable in connection with inclusion:

№	Conditions to the inclusion in:	Level One	Level Two
1.	Scope of issue (each issue within the bond program)	At least RUB 2 billion	At least RUB 500 million
2.	Par value of the bonds	Does not exceed RUB 50,000 or 1,000 monetary units if the security par value is denominated in a foreign currency	Does not exceed RUB 50,000 or 1,000 monetary units if the security par value is denominated in a foreign currency

1. If the laws of the Russian Federation allow such state-owned corporations to issue such guarantees or suretyships.
2. For the purposes of including the bonds of Russian issuers in Level One or Level Two, the government guarantee of the Russian Federation, suretyship or independent guarantee of a state-owned corporation backing the performance of the obligations owed in relation to such bonds of Russian issuers, shall extend onto all payments of the issuer (the par value of the bonds and all coupon payments), in particular if the terms and conditions set out in the decision to effect issue (additional issue) of the bonds provide for the ability to request their early redemption.

2. 
   Grounds for exclusion:
   

№	Grounds for exclusion	Level One	Level Two
1.	Scope of issue (each issue within the bond program)	Less than RUB 2 billion	Less than RUB 500 million

4. In relation to subfederal and municipal securities:

1.