Starting from 21st February 2005, common and preferred shares of North-West Telecom JSC have been put on the List A of the 2nd level of the list of securities allowed for trading at OJSC RTS Stock Exchange in compliance with the rules of admitting securities to trading. The code of the securities in the RTS Trading System is SPTLG (common shares registered shares), SPTLPG (preferred registered shares). Thus, the number of venues where NWT’s shares are traded in as listed shares has increased to three, which has significantly expanded the circle of investors capable of effecting transactions with OJSC NWT’s securities.

Trading started in the new stock exchange venue of RTS in November 2004. One of the major tasks set when the stock exchange was created was to stimulate the activity of trading in low-liquidity securities, the shares of OJSC NWT belonging to this category. Starting from the commencement of the stock exchange’s operation, the volume of trading in OJSC NWT’s shares has been constantly growing and, from the start of the current year, it has amounted to over 2.4 million securities for common and preferred shares, which makes a fifth of the aggregate stock exchange turnover of NWT’s shares. 

Commenting on this event, E.I. Tomilina, IR & PR officer, confirmed that “the increase of the number of trading venues, where participants of the market may freely effect transactions with securities of OJSC North-West Telecom is a part of the strategy of improving the capitalization and the image of OJSC NWT in the business community and creating pre-requisites for more profitable conditions of attracting funds in financial markets.” 

In the Russian market, shares of OJSC NWT are quoted in the category of listed securities (list A2) at NP RTS Stock Exchange, at OJSC RTS Stock Exchange and at OJSC MICEX.  NWT's shares in the form of 1st level ADR have been allowed for circulation in the US over-the counter stock  market.  The launch of the 1st level ADR Programme for preferred shares of OJSC NWT is planned for the 2nd quarter of this year. By the moment, about 4.4% of company’s common shares have been converted into ADR.