1. The FX Market Trading hours extended till 23:50

2.  The Moscow Exchange’s markets have different trading hours. This might limit trading opportunities of the Participants that trade on the Markets with earlier closing time.  Foreign currency is traded 24 hours a day on international markets, whereas trading in foreign currency on the Moscow Exchange stops at 19:00 MSK.  New participants from various countries join trading on the Exchange and more currency pairs are used as trading instruments. This makes the extension of trading hours completely necessary. Extended Trading Hours: Prerequisites 2

3.  It is planned to extend trading hours on the FX Market of the Moscow Exchange till 23:50 MSK.  Trading Participants will continue to receive report documents, such as extracts from the trade register (for the trade execution period until 19:00) and commission fee reports till19:00 MSK.  Trading Participants engaged in trading till 23:50 will receive extracts from the trade register (for the period from 19:00 to 23:50 MSK) and commission fee reports next morning until 09:30.  With the trading schedule extended till 23:50, the Trading participants will still have the opportunity to complete execution of trades at 17:00 or at 19:00 MSK. To complete execution of trades at this time they ought to file a request to the NCC (“Early completion of trade execution with the Clearing House: Request” or “Early completion of trade execution with the Clearing House: Standing Order”). Changes in the Schedule 3

4.  It will be possible to execute transactions using “long swap” instruments and instruments with TOM and LTV settlement date until 23:50.  A Trading Participant will be able to transfer funds to use them during the evening trading session until 21:00.  Trading Participants will be able to execute off system transactions with the same settlement code using TOD instruments from 15:00 to 23:50.  Collateral requirements and compensation contributions shall be calculated as of the Т+1 day before the start of trading.  Time for calculation of the central rate remains unchanged (18:30 – 19:00).  From19:00 to 23:50: Upper and lower limits of the price ranges and risk assessment ranges must not be changed In case of a technical outage, trading will be suspended, but not resumed Key Parameters of the Extension 4

5. Thank you for consideration