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Alfa MTN Issuance Ld (53RE)


Tuesday 05 December, 2006

Alfa MTN Issuance Ld

Publication of Prospectus

Alfa MTN Issuance Limited
05 December 2006

Alfa MTN Issuance Limited, Alfa MTN Markets Limited, Alfa MTN Invest Limited and
Alfa MTN Projects Limited (together the "Issuers") announce the Annual Update of
its Euro Medium Term Note Programme 

The Issuers today announced the Annual Update of their U.S.$2,000,000,000 Euro
Medium Term Note Programme unconditionally and irrevocably guaranteed by ABH
Financial Limited and Open Joint Stock-company Alfa-Bank.

The amount which may be issued pursuant to this Programme has been increased 
from U.S.$1,000,000,000 to U.S.$2,000,000,000.

Changes have also been made to the Terms and Conditions of this Programme.

To view the updated Prospectus, please paste the following URL into the address 
bar of your browser: 

For further information, please contact:

Elena Ershova
Director for Investor Relations
Tel: +7 495 795 37 11
Fax: +7 495 788 64 20
Email: [email protected]


Please note that the information contained in the Final Terms may be addressed
to and/or targeted at persons who are residents of particular countries
(specified in the Final Terms) only and is not intended for use and should not
be relied upon by any person outside these countries and/or to whom the offer
contained in the Final Terms is not addressed. Prior to relying on the
information contained in the Final Terms you must ascertain from the Final Terms
whether or not you are part of the intended addressees of the information
contained therein. 

Notes issued under the Final Terms will not be registered under the United
States Securities Act of 1933, as amended or any relevant securities laws of any
state of the United States and are subject to U.S. tax law requirements. Subject
to certain exceptions, Notes issued under the Final Terms may not be offered,
sold or delivered in the United States or to or for the account or benefit of
U.S. persons.

Your right to access this service is conditional upon complying with the above 

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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