Derivatives: No recalculation of series based on OAO Gazprom DR – cancellation of trading suspension (11/08)

EDX London has determined that there will be no recalculation of series based on OAO Gazprom as described in Exchange Notice 2008/080.

EDX London has received independent valuations for the proposed dividend from five of its members, all of whom EDX London consider able to conduct the appropriate stock analysis to make an informed judgment. Based on the five valuations received a median valuation of $0.45 has been established for the dividend rate .

Valuations received by EDX London indicate that the market does not expect the dividend rate to be announced by OAO Gazprom to exceed 5% of the VWAPcum, and would thus not represent an Excess dividend. Further, because the established valuation interval would not allow for an adjustment greater than 5% of the VWAPcum, no adjustment shall be made to any options or futures in OAO Gazprom DR.

As such EDX London will no longer suspend trading in OAO Gazprom derivatives on the Ex Day.

Please see the attached file(s) for further information.