Sale of the significant share at the share capital of other company

October 9, 2006

Information about acquiring by the joint-stock company of percentage of participation in the share capital (pie fund) of another commercial institution totaling not less than 5 %, or percentage 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 information

1.1. Full official name of issuer (name for non-commercial organisation)

Joint Stock Company Bank Vozrozhdenie

1.2. Abbreviated official name of 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 attributed to issuer by registration authority

1439

1.7. Internet site used by the issuer for disclosing information:

http://www/vbank.ru/investors/material-facts

1.8. Name of printed periodical (periodicals) used by issuer for disclosure of information

Newspaper «Daily News. Moscow Region»



2. Summary of the Message

2.1. Full corporate name, location of the commercial institution, which share in the authorized capital (ordinary shares) has been purchased by the joint-stock company or in which the above share of the joint-stock company changed: Open joint-stock company «Moscow Re-insurance Company», ul. Obraztzova 31-2-4, Moscow 127018.

2.2. Percentage of participation of the joint-stock company in the share capital of the above institution before alteration, and if such institution is a joint-stock company — also percentage of this joint-stock company’s ordinary shares being in its possession before alteration: portion in the share capital -17.57%, percentage of ordinary shares — 17.57%.

2.3. Percentage of participation of the joint-stock company in the share capital of the above institution after alteration, and if such institution is a joint-stock company — also percentage of this joint-stock company’s ordinary shares being in its possession after alteration: 0%.

2.4. Date, when percentage of participation of the joint-stock company in the share capital (pie fund) of the above institution changed: 05.10.2006.


3. Signature

3.1. Deputy Chairman of the Board of Joint Stock Company Bank Vozrozhdenie



(signature)
 A. V. Dolgopolov
3.2.  09th October, 2006

Stamp



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