Data related to alteration in the portion of the issuer’s participation in the authorized capital of another commercial institution

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. The Internet site address for publishing messages of the material facts: http://www.vbank.ru/akc/events.html
6. Full corporate name of the commercial institution, in the authorized capital of which the share of participation of Bank Vozrozhdeniye (OAO) has changed: limited company Strakhovoy Capital.
7. Location of the commercial institution, in the authorized capital of which the share of participation of Bank Vozrozhdeniye (OAO) has changed: ul.Kuznetskiy Most, 16, 103031, Moscow-city.
8. Share of participation of Bank Vozrozhdeniye (ÎÀÎ) in the authorized capital of the limited company Strakhovoy Capital before alteration: 25.2%.
9. Share of participation of Bank Vozrozhdeniye (ÎÀÎ) in the authorized capital of the limited company Strakhovoy Capital after alteration: 0%.
10. Date of alteration in the share of participation of Bank Vozrozhdeniye (ÎÀÎ) in the authorized capital of the limited company Strakhovoy Capital: 05.04.2004.

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

April 5^th 2004