Shareholders Rights Registration

Purchase or receipt in trust holding (further – acquiring) as a result of one deal or a number of deals of more than 1% of the bank’s shares by one legal entity or individual or by a group of legal entities or individuals being related parties or by a group of legal entities being subsidiaries of each other requires notification of the Bank of Russia. If as a result of one deal or of a number of deals such persons are going to acquire more than 20% of the bank shares it requires the Bank of Russia preliminary approval.

In case a shareholder (a group of shareholders) owns or received in trust holding more than 1% of the bank’s shares they should notify the Bank of Russia about any further share purchase.

The notification about the purchase of more than 1% of the bank’s shares should be sent to the Moscow Main Territorial Division of the Central Bank of the Russian Federation according to the form stipulated in the appendix 2 of the Central Bank Regulations ¹ 109-È dated 13.02.2004 “About the procedure of the Bank of Russia’s decision taking on the state registration of credit organizations and giving the licenses on the carrying out banking transactions”. Such notification should be sent within 30 calendar days after the moment of bank’s shares purchase or receipt it in trust holding.

All documents to be sent to the Central Bank should be drawn up in Russian. The attached English version is published only for your info. Please consult your Russian advisor.

In case of purchase or receipt in trust of more than 20% of the bank shares the procedure of getting the Bank of Russia preliminary approval is regulated by the Central Bank regulations ¹ 130-È dated 21.03.2007 “About the procedure of the receipt the Bank of Russia preliminary approval on purchase and/or receipt in trust holding of credit organization shares”.

All documents to be given to the Central Bank should be signed by an individual or by the authorized person of the legal entity. The signature of the legal entity authorized person should be sealed by the company’s corporate seal.

All documents to be given to the Central Bank and consisting of more than 1 page should have its pages numbered, bounded and certified by an inscription (indicating the quantity of numbered pages in numbers and in words on its last page back side) signed by the document main signatory accompanied by indication of the person’s position and date.

According to the Russian legislation a company or an individual purchasing bank’s shares should register its title in the companies register. For official registration the following documents should be provided:

1. Form for registration in the shareholders register (companies)
2. Form for registration in the shareholders register (individuals)
3. List of documents required to open an account for an individual
4. List of documents required to open an account for a legal entity
5. List of documents required for making entries in the shareholder register about transferring share title to other persons
6. List of documents required for making entries in the shareholder register about transferring share title into nominal holding
7. List of documents required for making entries in the shareholder register in case of pledging shares or pledge termination
8. List of documents required for making entries in the shareholder register in case of changing personal data of a registered person
9. List of documents required to empower an authorized representative to fulfill rights of the shareholder
10. List of documents required for receiving information on the personal account of the registered person from the shareholders register
11. List of documents for other changes in the register

Documents stated in items 1—11 shall be submitted by a registered person (authorized representative) personally. An authorized representative should submit power of attorney for fulfillment of operations in the shareholder register drawn up in compliance with the effective legislation. In case of sending documents by mail any signatures on the documents should be certified by notary. Signatures on any order documents or applications submitted to the branch of Vozrozhdenie Bank could be certified by an authorized employee of the branch.

According to the Regulations of holding the registered securities owners register (approved by the Decision of the Federal Commission on the Securities Market dated October 02, 1997) registered shareholders shall pay for the Registrar services according to the approved price list.