Information about Resolutions of the General Meeting

1. Full corporate name of the issuer: 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. Code of essential fact: 1000143901072004.
6. Internet site used for publishing messages about the material facts: http://www.vbank.ru/akc/events.html.
7. Name of the printed periodical used by the issuer for publication of the notices of essential facts: newspaper Ezhednevnye Novosti. Podmoskovie (Daily News. Moscow Region).
8. Kind of the General Meeting: annual.
9. Holding form of the General Meeting: meeting.
10. Date and place of the General Meeting: June 25, 2004, Building 1, 7/4 Luchnikov Lane, Moscow, 101999.
11. Quorum of General Meeting: present quorum (81.02 per cent in the total number of voting shares).
12. Matters put on voting and results of voting thereon:
    • Approval of the annual statement, annual financial accounts, account of profits and losses (2003), distribution of profits.
      Results of voting: 13,514,308 in favour, 400 against, 53,880 abstained, 32 recognised invalid.
    • Payment (declaration) of dividends (2003).
      Results of voting: 13,565,320 in favour, 2,796 against, 492 abstained, 12 recognised invalid.
    • Approval of the Report of the Supervisory Council.
      Results of voting: 13,510,740 in favour, 400 against, 57,468 abstained, 12 recognised invalid.
    • Amendments and additions to be made to the Articles of Association.
      Results of voting: 13,452,600 in favour, 53,128 against, 62,880 abstained, 12 recognised invalid.
    • Approval of the Regulations on the Procedure of Preparation, Convocation and Holding of the General Meeting of Shareholders of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.
      Results of voting: 13,456,168 in favour, 53,144 against, 59,296 abstained, 12 recognised invalid.
    • Approval of the Regulations of the Supervisory Council of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.
      Results of voting: 13,456,392 in favour, 53,128 against, 59,088 abstained, 12 recognised invalid.
    • Approval of the Regulations of the Auditing Commission of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.
      Results of voting: 13,456,428 in favour, 53,128 against, 59,052 abstained, 12 recognised invalid.
    • Approval of the Regulations of the Executive Bodies of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.
      Results of voting: 13,454,164 in favour, 53,128 against, 61,316 abstained, 12 recognised invalid.
    • Approval of the transactions, which execution may be of interest.
      Results of voting: 13,451,508 in favour, 109,848 against, 7,264 abstained, 0 recognised invalid.
    • Election of the Supervisory Council.
      Results of cumulative voting (number of votes in favour of given candidate):

      Mr. Yuriy Mikhailovich Marinichev	13,430,242;
      Mr. Dmitriy Lvovich Orlov	14,044,572;
      Mr. Boris Fedorovich Borin	13,211,424;
      Mr. Sergey Alexandrovich Vybornov	13,114,550;
      Mr. Alexander Ivanovich Goev	13,152,467;
      Ms. Lyudmila Antonovna Goncharova	13,492,060;
      Mr. Nikolay Yakovlevich Demin	15,694,841;
      Mr. Alexander Vitalievich Dolgopolov	13,376,290;
      Mr. Nikolay Stepanovich Zatsepin	13,123,896;
      Ms. Valentina Mikhailovna Kabanova	13,219,765;
      Mr. Otari Leontievich Marganiya	13,115,021;
      Mr. Rustem Mansurovich Usmanov	13,120,848;

      2,396 against all candidates, 732 abstained of all candidates, 55,548 recognised invalid.
    • Election of the sole executive body — Chairman of the Board (President of the Bank).
      Results of voting: 13,511,932 in favour, 2,396 against, 53,836 abstained, 456 recognised invalid.
    • Election of the Auditing Commission.
      Results of voting:
      • Mr. Viktor Anatolievich Afonin:
        8,220,727 in favour, 32 against, 220 abstained;
      • Ms. Tamara Nikolaevna Lapinskaya:
        8,167,827 in favour, 24 against, 53,128 abstained;
      • Ms. Svetlana Alexeevna Markina:
        8,220,979 in favour, 0 against, 0 abstained;
      • Ms. Natalia Anatolievna Romanenko:
        8,220,955 in favour, 24 against, 0 abstained.
    • Approval of the external auditor.
      Results of voting: 13,511,940 in favour, 2,396 against, 53,836 abstained, 448 recognised invalid.
13. Formulations of the resolutions adopted by the General Meeting:

    On the first item:

    1. To approve the annual statement of Vozrozhdenie Bank (2003).
    2. To approve the annual financial accounts and account of profits and losses (2003).
    3. To approve the following distribution of profits of the Bank (2003), roubles:

       Used in 2003 (budget)	379 244,68
       Assignments to pay dividends for shares	11 963 357,00
       Assignments to the accumulation fund	87 797 861,96
       Total balance profits (2003)	100 140 463,64

    On the second item:

    1. To pay the dividends in the following amount:
       • for ordinary non-documentary registered shares with the nominal value of 10 roubles each — 5 per cent of the nominal value;
       • for preferential convertible non-documentary registered shares with the nominal value of 10 roubles each — 5 per cent of the nominal value;
       • for preferential non-documentary registered shares with fixed rate of dividend and nominal value of 10 roubles each — 20 per cent of the nominal value.
    2. To give the right to receive the annual dividends to the Shareholders included in the Register of Shareholders of Vozrozhdenie Bank (Open Joint-Stock Company) for the status on May 11, 2004 (end of operation day).
    3. To provide payment of the dividends from August 16, 2004 to August 20, 2004 by transfer of the due amounts to the corporate Shareholders on their payment accounts and to the individual Shareholders on their personal accounts, in accordance with the information recorded in the system of the Register of Shareholders of Vozrozhdenie Bank (Open Joint-Stock Company).
       In the absence of bank requisites, to provide payment of the dividends to the individual Shareholders in cash at the branch offices of the Bank from August 16, 2004.

    On the third item:

    1. To approve the Report of the Supervisory Council of the Bank.
    2. To recognise the satisfactory work of the Supervisory Council of the Bank.

    On the fourth item:

    1. To approve Amendments and Additions No. 6 to be made to the Articles of Association.
    2. To give the right of signing the application for registration of Amendments and Additions No. 6 to be made to the Articles of Association to the Chairman of the Supervisory Council of Vozrozhdenie Bank (Open Joint-Stock Company).

    On the fifth item:

    1. To approve the Regulations on the Procedure of Preparation, Convocation and Holding of the General Meeting of Shareholders of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.

    On the sixth item:

    1. To approve the Regulations of the Supervisory Council of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.

    On the seventh item:

    1. To approve the Regulations of the Auditing Commission of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.

    On the eighth item:

    1. To approve the Regulations of the Executive Bodies of Vozrozhdenie Bank (Open Joint-Stock Company) in a new version.

    On the ninth item:

    1. To approve the transactions between the Bank and interested persons of the Bank (provision of credits, placement of money on deposit, provision of bank guarantee, acquisition of deposit certificates or promissory notes of the Bank, and others), which transactions may be executed in the standard terms within the period ending at the next annual General Meeting of Shareholders in the course of the Bank business, in accordance with the licence to carry out bank operations. To determine the prices of the said transactions with the interested persons, in accordance with the Regulations on the General Principles of Rouble and Foreign Currency Funds Management of Vozrozhdenie Bank (Open Joint-Stock Company). To determine the list of persons, who may be recognised as a party (beneficiary) under the said transactions, in accordance with the Federal Joint-Stock Companies Act (No. 208-ÔÇ dated December 26, 1995), Section 81 Interest in Transactions Executed by the Company.
    2. To determine the maximum amount for each kind of the transactions, for each of the interested persons, at the rate not exceeding 5 per cent of the balance value of assets, in accordance with the financial accounting information of the Bank on the last accounted date before holding of the annual General Meeting of Shareholders (2004).

    On the tenth item:

    1. To terminate the powers of the former members of the Supervisory Council.
    2. To elect the following members of the Supervisory Council of Vozrozhdenie Bank (Open Joint-Stock Company):
       • Mr. Yuriy Mikhailovich Marinichev;
       • Mr. Dmitriy Lvovich Orlov;
       • Mr. Boris Fedorovich Borin;
       • Mr. Sergey Alexandrovich Vybornov;
       • Mr. Alexander Ivanovich Goev;
       • Ms. Lyudmila Antonovna Goncharova;
       • Mr. Nikolay Yakovlevich Demin;
       • Mr. Alexander Vitalievich Dolgopolov;
       • Mr. Nikolay Stepanovich Zatsepin;
       • Ms. Valentina Mikhailovna Kabanova;
       • Mr. Otari Leontievich Marganiya;
       • Mr. Rustem Mansurovich Usmanov.
       To determine execution of the own powers by the Chairman and members of the Supervisory Council free of charge.
    3. To convene the first meeting of the new members of the Supervisory Council by the Chairman of the Board of Vozrozhdenie Bank (Open Joint-Stock Company).

    On the eleventh item:

    1. To elect Mr. Dmitriy Lvovich Orlov as the sole executive body — Chairman of the Board (President) of Vozrozhdenie Bank (Open Joint-Stock Company).

    On the twelfth item:

    1. To elect the following members of the Auditing Commission of Vozrozhdenie Bank (Open Joint-Stock Company)
       Results of voting:
       • Mr. Viktor Anatolievich Afonin;
       • Ms. Tamara Nikolaevna Lapinskaya;
       • Ms. Svetlana Alexeevna Markina;
       • Ms. Natalia Anatolievna Romanenko.

    On the thirteenth item:

    1. To approve PricewaterhouseCoopers Audit (Closed Joint-Stock Company) as the official external auditor of the Bank.

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

July 1st 2004