Moscow, February 24, 2004 – The RBC TV Supervisory Board approved the channel’s performance and main development trends at a meeting.

The Board members were delighted with the dynamic expansion of RBC TV distribution. By the end of 2003, the total coverage of RBC TV exceeded 11.5 million individuals in Russia, which is 50% higher than the initial objective. By March 2004 total penetration is expected to reach 16 million individuals. RBC TV is accessible 24 hours a day to approximately 2 million viewers in Moscow, and 2 million more Muscovites can watch the channel during morning prime time when RBC TV broadcasts on the frequencies of other channels. RBC TV also provides coverage in St.-Petersburg and other major urban centers including Ekaterinburg, Nizhny Novgorod, Rostov-on-Don, Ufa, Novosibirsk, Tyumen, Surgut and Khanty-Mansiysk. The channel is available to public via satellite and cable distribution networks, regional broadcasters, and on the Internet.

The Supervisory Board was pleased with the positive attitude of the Russian business community and the political elite to the launch of RBC TV, and extremely satisfied with the quality of the channel’s programming. Many Board members confirmed that the channel had become the main source of business information for them, and expressed their views on further improvement of the broadcasting. In particular, Igor Kostikov, the Chairman of the Russian Federal Securities Commission, spoke in favor of strengthening the educational aspect of RBC TV’s information programs, and Yevgeny Yasin, the head of the Higher School of Economics, suggested that RBC TV’s educational programming should be distributed to Russian institutes and schools.

The Board members gave their positive evaluation to the progress made in the cooperation with information partners and pointed out to RBC TV’s contribution to the establishment of Russia’s positive image abroad. In particular, in the fall of 2003 the channel began producing TV reports for CNN about Russia, its economy, business and people, on a weekly basis.

The RBC TV Supervisory Board plays a major role in determining the strategic goals of the channel, its editorial and broadcasting policies. The Board consists of General Director of the Russia Insurance Company M.Aynetdinov, Promsvyazbank Chairman D.Ananyev, CNBC Europe President R.Cotton, Russian Deputy Economic Development and Trade Minister A.Dvorkovich, CNN Senior Vice President M.Eales, Russian Deputy Anti-Monopoly Minister A.Egorushkov, Editor-in-Chief of the Expert magazine V. Fadeyev, Metropol Deputy General Director A.Kichayev, Russian Federal Securities Commission Chairman I.Kostikov, Electronic Moscow Chairman V.Lazutkin, President of the MAIR industrial group V.Makushin, Chairman of the Information Policies Commission of the Russian Federation Council D.Mezentsev, President of Russian Financial Corporation A.Nechayev, First Deputy Chairman of the Russian Central Bank T.Paramonova, Russian Television Academy President V.Pozner, MICEX General Director A.Potemkin, Chairman of the Executive Committee of Barclays Capital H.-J. Rudloff, RTS President V.Streltsov, President of the Troika Dialog managing company P.Teplukhin, Wimm-Bill-Dann Chairman D.Yakobashvili, Scientific Supervisor of the Higher School of Economics Ye.Yasin, President of ATON Capital Y.Yuryev, and Russian Anti-Monopoly Minister I.Yuzhanov.

About RBC TV
RBC TV is the first and only dedicated Russian-language business television channel in Russia. During its daily broadcasting RBC-TV provides coverage of both the Russian and international financial markets, combining news and analysis. RBC-TV is a wholly owned subsidiary of OAO RBC Information Systems (RTS, MICEX: RBCI). The RBC Group also includes RIA RosBusinessConsulting (an information agency operating the www.rbc.ru business information portal), RBC SOFT (IT solutions) and RBC Center (advertising).

Investor contact: Natalia Makeeva
Tel: +7 (095) 363-1111 (ext. 1369), e-mail: ir@rbc.ru, Web: www.rbcinfosystems.com.