New Management Board member election

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:

 1. Date of the meeting of the Board of Directors where the relevant decision was made.

 November 21, 2008

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

November 21, 2008 Minutes ¹4.

3. Decision made by the Board of Directors (Supervisory Council).

To elect Mr. Sergei Malinin, Director of Corporate Department of the Bank, as a member of the Management Board of Bank Vozrozhdenie.

4. Share in authorized capital owned by the person.

The person has no such share

Portion of ordinary shares owned by the person.

The person has no such shares

5. Information about participation of the person in the authorized capital of subsidiaries and affiliates and about portion of shares of such subsidiaries and affiliates are joint-stock companies 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 and / or its subsidiaries and affiliates that the person can acquire as a result of its rights under the option granted and / or its subsidiaries and affiliates.

The person has no such shares

3.1. Deputy Chairman of the Management Board Bank Vozrozhdenie

3.2.  November 21, 2008