Rating of management companies

Company	Rating		Dynamics	Date of assigning/ updating
Alfa-Capital	A++		confirmed	03.11.2010
Allianz ROSNO Asset Management	A++		confirmed	22.11.2011
Asset Management Company of pension fund Leader	A++		confirmed	27.01.2011
Aton-management	A++		confirmed	04.04.2011
BFA Asset Management	A+		confirmed	31.05.2011
Busibess-partner XXI century	B++		confirmed	24.03.2011
Capital	A++		confirmed	13.01.2012
Collective Investments	A+		raised	14.12.2011
EUROFINANCE Asset Management	A		confirmed	29.12.2011
Ingosstrakh-Investments	A++		confirmed	03.03.2011
Invest-Management	A		raised	30.08.2011
Kapital Asset Management	A++		confirmed	13.01.2012
Kapital PIF	A++		confirmed	13.01.2012
Libra Сapital	A+		raised	17.03.2011
Portfolio investment	A		confirmed	11.11.2010
Raiffeisen Capital	A++		confirmed	24.08.2011
REGION Asset Management	A+		assigned	17.08.2011
Region Development	A+		assigned	17.08.2011
RONIN Trust	A+		assigned	08.09.2011
Rus-Kapital	A+		confirmed	04.07.2011
SOLID Management	A+		confirmed	30.12.2011
TKB BNP Paribas Investment Partners	A++		confirmed	08.02.2011
Troika Dialog	A++		confirmed	28.12.2010
UK "SPUTNIK-UPRAVLENIYE KAPITALOM"	A+		assigned	01.06.2011
UK MDM	A		lowered	30.03.2011
Uralsib Asset Management	A++		confirmed	04.02.2011
URALSIB Asset Management	A++		confirmed	04.02.2011
Uralsib Management company	A++		confirmed	04.02.2011
VTB Asset Management	A++		confirmed	27.04.2011