Decision of the Board of Directors on electing a new member of the Management Board

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

1. Date of the meeting of the Board of Directors of the joint-stock company where the relevant decision was made.

March 1, 2007

2. Date and number of the Minutes of Contents of the meeting of the Board of Directors where the relevant decision was made;

March 1, 2007, Minutes¹10.

3. Decision made by the Board of Directors.

To elect Mrs. Alla Novikova, Chief Accountant of the Bank, as a member of the Management Board of Bank Vozrozhdenie.   

4. Share of the joint-stock company authorized capital owned by the person.

0.002334%

Portion of ordinary shares of the joint-stock company owned by the person.

0.000251%

5. Information about participation of the person in the authorized capital of the joint-stock company subsidiaries and affiliates and about portion of shares of such subsidiaries and affiliates owned by the person if  such subsidiaries and affiliates are joint-stock  companies.

The person has no such shares or participations.

6. Portion of ordinary shares of the joint-stock company and / or its subsidiaries and affiliates that the person can acquire as a result of its rights under the option granted by the joint-stock company and / or its subsidiaries and affiliates.

The person has no such shares.