Deals with interested parties

In accordance with annual General Meeting of Shareholders decision (Minutes ¹ 1 as at June 25, 2010) during the period from June 25, 2010 to June 24, 2011 the bank concluded transactions (loan issuance, guarantees, deposits, bank’s guarantees, right of claim acquiring and other transactions) in respect with which under article 81 of Federal Law 208-FZ «On joint-stock companies» the members of Board of Directors and executive bodies of the Bank are deemed to be interested parties.

Such transactions were concluded by the Bank in the course of its usual commercial activity. Significant terms of such deals don’t differ from the standard terms of the similar deals.

The amount of each transaction (a series of related transactions) concluded by the Bank with each of the related parties did not exceed the limit (RUB 6 900 mln) approved by annual General Meeting of Shareholders decision. The amounts of the transactions bearing credit risk didn’t exceed the limit (RUB mln 2 500) and sum of several related deals didn’t exceed the limit (RUB mln 5 000) approved by the annual General Meeting of Shareholders decision.

The Annual General Meeting of Shareholders approved transactions (loan issuance, guarantees, deposits, bank’s guarantees, right of claim acquiring, leasing, factoring, interbank loans, conversions and other transactions), that can be concluded on standard terms in the period till the next Meeting of Shareholders (Minutes ¹ 1 as at June 24, 2011).

The following limits were stipulated:

• the amount of each transaction (a series of related transactions) concluded by the Bank with each of the related parties shall not exceed the limit of  RUB 7 bln;
• the amounts of the transactions with the related parties bearing credit risk shall not exceed the limit of RUB 2.5 bln and sum of several related deals didn’t exceed the limit of RUB 5 bln.