Data related to alteration in percentage of the issuer’s participation in the share capital

1. Full corporate name of the issuer: Open Joint-stock company Bank Vozrozhdeniye.
2. Location of the issuer: Luchnikov lane, 7/4 -1, Moscow GSP-9, 101999.
3. Identification tax number of the issuer: 5000001042.
4. Unique code of the issuer: 1439.
5. Internet site used for publishing messages about the material facts: http://www.vbank.ru/akc/events.html.
6. Full corporate name of the commercial institution, in which share capital the Bank Vozrozhdeniye’s percentage of participation changed: limited company Moscow Reinsurance company (abbreviation — OOO Moscow -RE).
7. Location of the commercial institution, in which share capital the Bank Vozrozhdeniye’s percentage of participation changed: ul. Obraztzova,31—2, Moscow, 127018.
8. Percentage of participation of Bank Vozrozhdeniye (OAO) in the share capital of OOO Moscow-RE before alteration: 60.55%.
9. Portion of participation of Bank Vozrozhdeniye (OAO) in the share capital of OOO Moscow-RE after alteration: 19.49%.
10. Date when the Bank Vozrozhdeniye’s percentage of participation in the share capital of OOO Moscow-RE changed: 28.06.2004.

Deputy Chairman of
Vozrozhdeniye Bank (OAO)
A.V.Dolgopolov

June 29^th 2004