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<font size="2" face="Arial, Helvetica, sans-serif">MTS is the leading market in Europe for the trading of fixed income securities. MTS has over 500 connections throughout Europe, with average transaction volumes exceeding 85 billion euros a day (single-counted).</font>
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<font size="2" face="Arial, Helvetica, sans-serif">The MTS market model allows for the use of a common trading platform while corporate governance and market supervision remain with the domestic financial community.</font>
<p align="center"><font size="2" face="Arial, Helvetica, sans-serif"> The MTS
Group includes the following markets: EuroMTS, EuroCreditMTS, NewEuroMTS,
EuroGlobalMTS, MTS Quasi-Government Market, EuroBenchmark Treasury Bills
Market, MTS Amsterdam, MTS Austrian Market, MTS Belgium, MTS Denmark, MTS
Deutschland, MTS España, MTS Finland, MTS France, MTS Greek Market, MTS Ireland,
MTS S.p.A. (MTS Italy), MTS Portugal. The Group also includes BondVision, the regulated
Exchange for the Internet-based multi-dealer-to-client market and MTSNext,
the company managing the first real time tradable and independent pan European
government bond index, the EuroMTS Index.</font>
<p align="center"><font size="2" face="Arial, Helvetica, sans-serif"> Tradable products on the Telematico
markets comprise Austrian, Belgian, Brazilian, Bulgarian, Chinese, Croatian,
Cypriot, Czech, Danish, Dutch, Finnish, French, German, Greek, Hungarian,
Irish, Italian, Lithuanian, Mexican, Polish, Portuguese, Romanian, Slovakian,
Slovenian, South African, Spanish, Turkish, and Venezuelan government bonds,
quasi government bonds of EIB, KfW, Freddie Mac and CADES, Pfandbriefe, Obligations
Foncières, Cédulas, Irish ACS and UK covered bonds.</font>
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