SECURITIES PROSPECTUS

Key roles of the Internal Audit Department:1.Control of the financing and economic activities подsectionений of the Company, itssubsidiaries/dependent companies and their branches for the purpose of:1.1. preventing, identifying, suppressing and eliminating the implications of breaches inthe management of monetary and financial resources causing direct or indirect financial and/ormaterial damage to the Company;1.2. determining the acceptability of any given actions and procedures aimed atimplementing investment projects and increasing the attractiveness of the Company to investors.2. Identification and mobilization of internal business potential of the Company and itsfurther development;3. Ensuring the effective functioning of internal control system of the Company and itssubsidiaries/dependent companies, the Company’s compliance with the requirements of federallaws and the regulations of the Company and its subsidiaries/dependent companies;4. Monitoring of risk management. Control of changes in characteristics and theeffectiveness of risk management activities;5. Participation in developing the internal documents of the Company. Preparation ofproposals for the amendment of the Company’s regulations and recommendations for improvingthe efficiency of internal control and risk management systems;6. Assessment of the efficiency of risk management system;7. Audit of the system of enforcement of the resolutions adopted by the General Meeting ofShareholders and the Board of Directors of the Company;8. Interaction with the Internal Audit Commission of the Company, itssubsidiaries/dependent companies and external auditors;9. Control of compliance of the Company’s functions with the requirements of the internaldocuments of the Company;10. Preparation of reports on the results of audit and identified breaches for considerationby the Boards of Directors of subsidiaries/dependent companies;11. Study of domestic and foreign experience on issues falling within the jurisdiction of theInternal Audit Department.Reporting of the Internal Audit Department:In administrative terms, the Internal Audit Department reports to the Director General ofthe Company in accordance with the organizational structure of the Company.Interaction with the executive management bodies of the issuer and the Board ofDirectors (Supervisory Board) of the issuer:As of the date of approval of this securities prospectus, the Internal Audit Departmentinteracts with the sole executive body (Director General of the Company).The Internal Audit Department will interact with the Board of Directors of the Companythrough the Audit Committee of the Board of Directors after it is established by the Company.Interaction between the internal audit function and the external auditor of the issuer:The internal audit function and the external auditor of the issuer interact by exchanginginformation to assess the company’s activities.Information concerning the issuer’s internal document specifying the rules forpreventing the use of confidential (insider) information:The internal document specifying the rules for preventing the use of confidential (insider)information as of the date of approval of the securities prospectus by the issuer is being draftedand is planned to be approved by the Board of Directors of the Issuer on November 21, 2008.Once it is approved by the duly authorized body of the Issuer, it will be published on the Internetat: http://www.e-disclosure.ru/portal/company.aspx?id=13806159