The MICEX Stock Exchange has ranked UTair Finance interest-bearing non-convertible secured documentary bonds, issue series BO-09 and BO-10 December 5, 2011, on their A Level 1 Quotation list. The A Level 1 Quotation List includes securities from issuers meeting the highest requirements of the stock exchange in the areas of liquidity, market capitalization, reliability of business and quality of corporate management. In addition, such securities should have a monthly trading volume in excess of RUR 10 million for a period of no less than 3 months. Including UTair Finance bonds on the quotation list will increase liquidity by expanding the

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