Trading Schedule and Conditions During Christmas and New Year Holidays.

Dear clients!

Please, note that from 26.12.2007 and up to 31.12.2007:

Оn accounts of alpari.classic type: marginal requirements for all currency pairs and Gold (spot) will be increased three times (1:33 leverage);
Оn accounts of alpari.classic and alpari.micro type: all currency pairs and Gold (spot) will be quoted with a spread three times higher than the usual one, indicated in the Contracts Specification.

Changing of trading conditions is due to the thin illiquid market during Christmas week and therefore high volatility.

This traditional measure is provided by the “Terms of business” (clause 2.13 c) and the “Customer Agreement” (clause 7.3 ).

Note that in accordance with clause 7.5 of the “Terms of business” increased marginal requirements will be applied both to the already opened positions and to the newly opened ones.

Alpari strongly recommends you:

• to reduce your total position beforehand;
• to keep Margin Level of your trading account not lower than 100%;
• to use Stop loss orders to protect opened positions.

Trading Schedule During Christmas and New Year Holidays

Note

1. For the validity period of the increased marginal requirements for currency pairs and gold hedged margin parameter for locked positions will be three times higher as well.
2. For the period when currency pairs and gold will be quoted with increased spread, Limit&Stop Level parameter will have the maximum value (Max Limit&Stop Level), specified in the Contract Specification for each instrument.
3. In the event of any changes made in the trading schedule of CFDs underlying assets by the corresponding exchanges , Alpari reserves the right to adjust the schedule, declared above, correspondingly.
4. From 02.01.2008 usual trading will be resumed.
5. Moscow time.

Should you have any questions please contact the Customers Service Department at +7 (495) 710-76-76.