The document discusses the RTS Board system, which provides quotation and trading of securities that are not listed on the Russian organized market. It notes that RTS Board contains over 800 issuers and covers all sectors of the Russian economy. The document highlights that RTS Board issuers have demonstrated high dividend yields, with some paying over 30% annually in recent years. It also provides examples of small, mid, and large cap companies on RTS Board and their financial performance. The document promotes RTS Board as offering unique investment opportunities in Russian companies.

1. RTS Board – the Doorway to
Profitable Investments in Russia
January 2016
Moscow
Association of financial market participants «Nonprofit Partnership
for the Development of Financial Market RTS»

2. WHY RTS BOARD SYSTEM?
02
RTS Board contains more than 800 issuers that are not represented on the Russian organized market See slide 04
UNIQUE INVESTMENT DIRECTIONS
RTS Board securities cover all spectrum of Russian economy and regions of the country See slides 05-06
WIDE COVERAGE AND DIVERSITY OF INVESTMENTS
Average dividend yield of TOP-10 RTS Board securities achieved 25% per annum in 2014 See slides 07-08
HIGH YIELD INVESTMENTS
RTS Board is the leading information system for electronic quotation and signing of securities purchase
agreements (SPA) on securities that are not admitted to trading on the Russian organized market
See slide 03
LEADING OTC SYSTEM
RTS Board issuers have great financial ratios
GREAT FINANCIAL PERFORMANCE OF RTS BOARD ISSUERS
See slides 09-11
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow

3. LEADING OTC SYSTEM
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
03
The operator of RTS Board is NP RTS group, which comprises a number of companies such as:
• Saint Petersburg Exchange (operating first Russian Global Equities Market and trading platform with one of the broadest scope
of commodities traded in Russia)
• RTS Tender (operating 2nd largest state procurement electronic trading platform in Russia)
• Clearing Centre MFB, Best Efforts Bank and other businesses
RTS Board was created in 2001 - over 15 years on Russian Market
More than 100 000 SPAs were concluded through RTS Board system that made it possible to invest directly into the business
development of Russian issuers
After being quoted in RTS Board system more than 150 issuers of securities were listed on Russian stock exchanges
RTS Board was the basis of RTS exchange market that later became an integral part of joint stock market organized by the
Moscow Exchange

4. UNIQUE INVESTMENT DIRECTIONS
04
The number of stocks*
RTS Board
quoted stocks
Russian exchange
traded stocks
The number of issuers*
Russian exchange
traded stocks
The total number of shares / issuers as of 26/01/2016Total number
The number of active
stocks/issuers
The number of active shares / issuers as of 26/01/2016
(according to the criterion of active bid/ask orders for
more than 4 trade days per week)
271
312
692
1107
847
537
253 218
The best place to look for investment decisions regarding Russian
small and mid cap companies
The widest range of ideas for direct and venture investments into
Russia
The platform for investments in non-primary / non-resource Russia
RTS Board
quoted stocks
Success stories**
Source of information: RTS Board
** Large companies which were listed on Russian organized market after
being quoted on RTS Board
*
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow

5. WIDE COVERAGE AND DIVERSITY OF
INVESTMENTS
RTS Board represents companies all over Russia, from the Baltic Sea to
the Far East
RTS Board covers a broad range of issuers from any Russian economy’s
industry sector, including sectors that are poorly represented in the
organized market but highly promising, e.g. Engineering & Construction,
Shipbuilding, Aerospace/Defense
05
0 50 100 150 200 250 300 350
Industrial
Consumer, Non-cyclical
Financial
Energy
Basic Materials
Utilities
Consumer, Cyclical
Communications
IT
Russian exchange traded stocks RTS Board quoted stocks
Source of information: RTS Board Source of information: RTS Board
0 50 100 150 200 250 300 350
Moscow, Central Federal District
Volga Federal District
Ural Federal District
Siberian Federal District
Northwestern (St. Petersburg) Federal District
Southern (Black sea) Federal District
Far Eastern Federal District
North Caucasian Federal District
Russian exchange traded stocks RTS Board quoted stocks
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow

6. WIDE COVERAGE AND DIVERSITY OF
INVESTMENTS
06
200 stocks
RTS Board active securities industry classification (Top – 10 industries)
Industrial Engineering
101 stocks
Industrial Metals & Mining
101 stocks
Construction & Materials
Financial Services
59 stocks
Food Producers
37 stocks
Forestry, paperIndustrial Transportation
Oil & Gas Producers Electricity
17
stocks
37 stocks 36 stocks 32 stocks 21 stocks
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
Chemical industry

7. HIGH YIELD INVESTMENTS
07
RTS Board issuers demonstrate sustainable dividend payments over the
past 3 years which are twice higher than on Russian organized market
RTS Board issuers dividend yield averaged at about 23% for the last 3
years (provided 3 years of sustainable payments)
Twice as more RTS Board issuers than on Russian organized market, paid
dividends in 2014
Global OTC Market TOP-10 average
dividends paid in 2015
Mezhregionteplosetenergoremont – 31,71%
SMPP J.S.C. – 34,36%
2013
2014
2015
SHATURA Furniture Co – 51,92%
SMPP J.S.C. – 134,78%
6 RTS Board issuers demonstrated over 30% dividend yield per year in
the last 3 years :
Source of information: RTS Board, SKRIN, web-sites of Russian issuers Source of information: RTS Board as of 10/04/2015according to announced dividends
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
Mihailovsky GOK – 40,11%
SPETSGAZREMSTROY – 41,08%
0% 5% 10% 15% 20% 25% 30%
US OTC market
Russian OTC market
German OTC market
Taiwan OTC market
UK OTC market
Japan OTC market

8. HIGH YIELD INVESTMENTS
08
TOP-10 RTS Board quoted stocks’
dividends paid in 2015
TOP-10 Russian exchange traded stocks’
dividends paid in 2015
Source of information: RTS Board, SKRIN, web-sites of Russian issuers Source of information: RTS Board, SKRIN, web-sites of Russian issuers
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
0% 5% 10% 15% 20% 25% 30% 35% 40%
SMPP J.S.C.
Mezhregionteplosetenergoremont
Mihailovsky GOK
OAO "SPETSGAZREMSTROY" OAO "GAZPROM"
URALASBEST
VOMZ
PAO Elektropribor
Volzhsky Orgsintez
MURMANSK TRAWL FLEET
Orelstroy
AVG = 22,58%
0% 5% 10% 15% 20% 25%
M Video OJSC
Stavropolenergosbyt OAO
Surgutneftegas OAO
MMC Norilsk Nickel OJSC
Permenergosbyt JSC
Permenergosbyt JSC
VSMPO-AVISMA Corp
LSR Group OJSC
Saratovskiy Neftepererabatyvay
Moscow City Telephone PJSC
AVG = 15,71%

9. RTS BOARD SMALL CAP MODEL COMPANIES
09
Financial statement
and Multiples as of
31/12/2014*
Brief
description
Assets = 2 129 209 kRUB
Revenue = 2 000 019 kRUB
Operating profit = 419 051 kRUB
Net profit = 307 906 kRUB
ROA = 0,2527
ROE = 0,5527
P/E = 4,1858
BVPS = 2,8084
PJSC "Pobedit"
Electropribor
PJSC "Volzhsky Abrasive
Works"
Source of information: RTS Board
Assets = 2 342 537 kRUB
Revenue = 3 262 750 kRUB
Operating profit = 474 992 kRUB
Net profit = 355 525 kRUB
ROA = 0,2125
ROE = 0,2353
P/E = 4,0788
BVPS = 3,8449
Assets = 2 417 606 kRUB
Revenue = 2 995 866 kRUB
Operating profit = 688 730 kRUB
Net profit = 476 439 kRUB
ROA = 0,3345
ROE = 0,6731
P/E = 2,6349
BVPS = 12,4386
*1USD = 49,98 RUB as for 07/05/2015, source of information: Bank of Russia
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
Код: pbdt
PJSC "Pobedit" provides production of
hard alloys and refractory materials
Ticker: vazz
Volzhsky Abrasive Works - a manufacturer
of silicon carbide and abrasive tool on
ceramic bond.
Ticker: tzep
Elektropribor provides production of
instrumentation for aircraft and special
equipment.

10. RTS BOARD MID CAP MODEL COMPANIES
10
Financial statement
and Multiples as of
31/12/2014*
Brief
description
Assets = 10 062 447 kRUB
Revenue = 16 719 039 kRUB
Operating profit = 1 511 241 kRUB
Net profit = 1 047 524 kRUB
ROA = 0,1595
ROE = 0,3531
P/E = 3,7675
BVPS = 0,7875
Kolomensky zavod Vostochny PortMetafrax
Ticker: klmz
Kolomensky Zavod OAO produces
main-line passenger diesel
locomotives. The Company also
develops and produces passenger
electric locomotives and freight diesel
locomotives.
Ticker: vopt
Vostochny Port is located in the Russian
Far East and provides mainly coal
handling with usage of conveyer
equipment. The Company also
transports metals, timber, ore, chemical
cargoes, cement, and other
commodities.
Ticker: mefr
OAO Metafrax manufactures products
derived from methanol. The Company
produces formalin technical,
pentaerythritol technical, urotropine, urea
formaldehyde resins, urea formaldehyde
concentrate and technical pentaerythritol
filtrate.
Assets = 24 585 675 kRUB
Revenue = 13 439 071 kRUB
Operating profit = 5 866 817 kRUB
Net profit = 4 712 202 kRUB
ROA = 0,267
ROE = 0,3504
P/E = 4,5819
BVPS = 0,0541
Assets = 12 297 987 kRUB
Revenue = 5 998 258 kRUB
Operating profit = 3 186 345 kRUB
Net profit = 2 432 608 kRUB
ROA = 0,3317
ROE = 0,5573
P/E = 2,0166
BVPS = 3,2121
Source of information: RTS Board
*1USD = 49,98 RUB as for 07/05/2015, source of information: Bank of Russia
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow

11. RTS BOARD ABOVE MID CAP MODEL
COMPANIES
11
Financial statement
and Multiples as of
31/12/2014*
Brief
description
Assets = 53 183 767 kRUB
Revenue = 113 042 979 kRUB
Operating profit = 26 078 059 kRUB
Net profit = 20 498 320 kRUB
ROA = 0,5266
ROE = 1,0849
P/E = 8,9549
BVPS = 6,9476
Udmyrtneft Kalinin machinery plantRostvertol
Ticker: udmn
Udmurtneft is active in the extraction
and refining of raw oil and natural gas,
prospecting and mine-workings of oil
and gas fields and the production of
various industrial, consumer and
agricultural products.
Ticker: mzik
Kalinin Machinery Plant Yekaterinburg
OAO develops and manufactures
medium and heavy duty trucks. The
Company's products include electric
forklift trucks, diesel forklift trucks,
electric trolleys, cleaning machines and
military equipment.
Ticker: rtvl
JSC Rostvertol, or Rostov Helicopter
Production Complex, produces the
helicopters MI-24, Mi-26T, Mi-28N and Mi-
34, and their modifications. The Company
operates in southern Russia.
Assets = 107 416 767 kRUB
Revenue = 36 938 285 kRUB
Operating profit = 8 579 859 kRUB
Net profit = 3 044 057 kRUB
ROA = 0,0914
ROE = 0,6518
P/E = 3,5794
BVPS = 0,0062
Assets = 55 225 774 kRUB
Revenue = 27 823 222 kRUB
Operating profit = 6 204 766 kRUB
Net profit = 4 819 894 kRUB
ROA = 0,1434
ROE = 2,9187
P/E = 1,0767
BVPS = 3,3979
Source of information: RTS Board
*1USD = 49,98 RUB as for 07/05/2015, source of information: Bank of Russia
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow

12. WHY WILL RTS BOARD AWAKE YOUR INTEREST
WHEN INVESTING IN RUSSIA TODAY?
12
In December 2014 RTS Board moved to an entirely new IT platform for OTC market, that provides straight-through
processing for indicative quotation of financial instruments, electronic confirmation (including electronic signing of
SPAs) and OTC transactions reporting to trade repositories and stock exchanges
About 100 participants have access to RTS Board and are ready to on-board today (for more information about
participants please see our website rtsboard.com)
Currently RTS Board team is working on cooperation with the biggest international market data vendors. Join
hundreds of clients who already do receive RTS Board market data
Further development of RTS Board includes implementation of financial instruments such as local bonds, Eurobonds
of Russian companies, loans and derivatives on different underlying assets classes
Code: 0#BRD.RTS
Price: $50/month
Market data viewing terminal
Price: ~50$/month*
* 2’400 RUB/month
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
Now available historical data,
broadcasting of data stream scheduled
for the second half of 2016

13. WHY ARE INVESTMENTS INTO RUSSIA
ATTRACTIVE RIGHT NOW?
13
Import substitution strategy in all major areas of Russian economy (industry, agriculture, IT, pharmaceuticals, etc.)
The largest since the beginning of 1990s program of state defense orders financing (RTS Board is the only market that
includes securities of defense sector issuers)
Underestimated market value of Russian companies due to general decrease of Russian stock market
Upcoming listing of securities of Russian companies which are not traded publicly as result of NP RTS team active
work with issuers and cooperation with industry associations
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow

14. APPENDIX

15. PAID RTS BOARD DIVIDENDS
15
TOP-20 dividends paid regularly
RTS Board – the Doorway to Profitable Investments in Russia
January 2016, Moscow
Company Code 2013 2014 2015 AVG
OAO "SPETSGAZREMSTROY" OAO "GAZPROM" SGRSP 7,88% 41,08% 20,24% 23,07%
KEMZ kemzp 4,85% 3,83% 10,68% 6,46%
ROSTVERTOL PLC rtvl 15,76% 14,80% 10,52% 13,69%
Gornozavodskcement gzce 6,87% 12,00% 10,27% 9,71%
Metafrax mefr 13,84% 14,41% 9,74% 12,66%
PJSC "Volzhsky Abrasive Works" vazzp 6,14% 13,75% 8,93% 9,61%
Komigaz kgaz 3,25% 13,26% 8,36% 8,29%
Udmyrtneft udmn 9,08% 12,66% 8,09% 9,94%
Active Marine Fishery Base nbam 15,39% 11,70% 8,05% 11,71%
OJSC "Mostostroy-11" msts 10,07% 20,36% 6,01% 12,15%
Chelindbank chlb 5,32% 7,51% 5,03% 5,96%
OJSC "APZ" apsz 10,75% 7,27% 4,61% 7,55%
OJSC Gazprom gazoraspredelenie Voronezh vogz 1,37% 2,67% 4,57% 2,87%
VOLGA SHIPPING vflt 16,59% 18,58% 4,40% 13,19%
Saratovneftegas snfgp 14,66% 16,69% 4,01% 11,79%
OJSC "Gazprom gazoraspredelenie Nizhny Novgorod" nnog 5,29% 6,58% 3,82% 5,23%
ILYUSHIN Aviation Complex akil 0,89% 0,95% 1,21% 1,02%
Lengazspecstroy legs 7,33% 0,81% 0,92% 3,02%
Metrostroy metpp 1,14% 1,14% 0,89% 1,05%
OJSC Gazprom gazoraspredelenie Bryansk brog 1,15% 0,37% 0,86% 0,80%

16. THANK YOU FOR YOUR ATTENTION!
Contacts:
Address: Moscow, Dolgorukovskaya, 38 bld.1
Tel: +7 (495) 705-90-31
E-mail: otcmarket@rts.ru
www.nprts.ru
www.rtsboard.com