Data that can affect materially the value of the issuer’s securities

June 16, 2005

Information about acquiring by the joint-stock company of share participation in the share capital (pie fund) of another commercial institution totaling not less than 5 %, or the portion of ordinary shares of another joint-stock company making not less than 5%, as well as about changes in such portion, if it becomes more or less than 5, 10, 15, 20, 25, 30, 50 and 75%.

1. General Data

1.1. Full corporate name of the issuer:

Joint stock company Bank “Vozrozhdeniye”

1.2. Abbreviated legal name of the issuer:

V.Bank

1.3. Location of the issuer:

Luchnikov lane, 7/4 -1, Moscow GSP-9, 101999, Russia

1.4. State registration number:

1027700540680

1.5. Identification tax number:

5000001042

1.6. Unique code of the issuer assigned by registration body:

1439

1.7. Internet site used for placing messages:

http://www.vbank.ru/akc/events.html

1.8. Name of periodical(s) used by the issuer for publishing information:

Newspaper “Daily News. Moscow Region”

2. Summary of the Message

2.2. Full corporate name, location of the commercial institution, in which share capital the Bank Vozrozhdeniye’s percentage of participation changed:

Limited company “KRESKAT”, Luchnikov per., 7/4—2, Moscow 103696.

2.2. Percentage of participation of V.Bank in the share capital of the above institution before alteration:

99.9%.

2.3. Percentage of participation of V.Bank in the share capital of the above institution after alteration:

0%

2.4. The date, when the Bank Vozrozhdeniye’s percentage of participation in the share capital of the above capital changed:

16.06.2005

3. Signature

3.1. Deputy Chairman of the Board

(signature) A.V.Dolgopolov

3.2. June 16th, 2005

Stamp

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Moscow: (495) 777-0-888

vbank@co.voz.ru