Cancellation of the 2nd bond issue

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:

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

August 22, 2008

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

August 25, 2008, Minutes ¹ 2

  2.3. Decision made by the Board of Directors:

1. To cancel the decision made by Bank Vozrozhdenie Board of Directors dated August 15, 2007 (Minutes ¹ 2 dated August 15, 2007) on the issue of Bank securities — interest-bearing non-convertible secured documentary bonds of series 02 payable to bearer with obligatory centralized keeping without option of early redemption and maturity of 1097 (one thousand ninety seven) days from the initial date of issue in the amount of 5 000 000 (five million) pieces with the nominal value of RUB1000 (one thousand) each and the total nominal value of RUB 5 000 000 000 (five billion), secured with the guarantee of Vozrozhdenie Finance (Non-public joint-stock company)

2. To send to Central Bank of Russia the application for cancellation of the securities issue state registration (Individual State registration number of the securities — 40201439Â), dated September 3, 2007 (The Letter of activity license department and financial improvement of credit institutions of Bank of Russia # 33-1-8/4143 as of 03.09.2007 in the amount of 5 000 000 (five million) pieces with the nominal value of RUB1000 (one thousand) each.

3. To cancel the decision of Bank Vozrozhdenie Board of Directors to approve the decision about the securities’ issue dated August 15, 2007 (Minutes ¹ 2 dated August 15, 2007)

4. To cancel the decision of approval the securities issue prospectus made by Bank Vozrozhdenie Board of Directors dated August 15, 2007 (Minutes ¹ 2 dated August 15, 2007)

3.1. Deputy Chairman of the Management Board Bank Vozrozhdenie

3.2.  August 25, 2008