Initial date of share placement

1. General Data

1.1. Full corporate name of the issuer

1.2. Abbreviated corporate name of the issuer:

1.3. Location of the issuer:

1.4. State Registration number of the Issuer:

1.5. Identification tax number of the issuer:

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

1.7. Internet site used by the Issuer for publishing messages:

2.Content of the Message

2.4.1. Category (type), series and other identification characteristics of securities issued:

Ordinary non-documentary registered shares.

2.4.2. Maturity (for bonds and options of the issuer).

Shares have no maturity date.

2.4.3. State registration number of the securities issue (additional issue) and date of state registration.

 10101439Â016D dated March 20, 2007

2.4.4. Name of the registration authority that registered the securities issue.

Bank of Russia.

2.4.5. The number of securities issued and nominal value of each issued security (if availability of nominal value is stipulated by the Russian law):

3,000,000 (Three million) shares of RUB 10 (ten) nominal value each.  

2.4.6. Method of securities issue. In case of closed subscription – the list of potential buyers of securities issued

Open subscription

2.4.7. Preemptive rights for shareholders of the issuer and / or other persons.

According to the articles 40 and 41 of the Federal law “About joint-stock companies” shareholders owning ordinary shares of Bank Vozrozhdenie have preemptive rights to purchase ordinary shares issued in the number proportionate to the number of ordinary shares owned by them.

The list of shareholders having pre-emptive rights to purchase additional shares issued was completed on the basis of the data from the shareholders register as at the end of the business day of February 20, 2007 – the day when the Board of Directors of the Bank made a decision to increase the share capital underlying the issue additional shares.

2.4.8. Price for securities issued or procedure of its defining.

The price of placing ordinary non-documentary registered shares, including the price of placing additional shares to the persons having pre-emptive right to purchase the placed shares, is defined in the following proportion: one ordinary non-documentary registered share with a nominal value RUB 10 shall be placed to the buyers at the price of RUB 1520 (one thousand five hundred twenty rubles) or $ 59 (fifty nine United States dollars) at the exchange rate RUB 25.76 (twenty five rubles 76 kopeks) per 1 USD. Non-residents (legal entities and individuals) are allowed to pay for shares in the foreign currency (USD).

2.4.9. The initial date of issuing securities (the date starting from which actions being the placement of securities could be made).

The initial date of placing shares with persons having preemptive rights to purchase additional shares:  May 4, 2007

The initial date of placing shares with other persons: the next business day after the date of publication of information about the results of exercising preemptive rights through the business news service “Interfax”.

2.4.10. The closing date of placing shares or the order of its definition:

The closing date of placing shares with persons having preemptive rights will be the 5^th business day (inclusive) after the day following the date of publication of the share placement price (the order of price determination) through the news agency “Interfax” (further – “Closing date of placing shares with persons having preemptive rights”).

The closing date of placing shares with other persons (further – “Closing date of placing shares with other persons”) is determined as the earliest of two dates:

• Date of placing of the last shares available of this additional issue;
• 60^th business day from the initial date of placing shares with such other persons.