Sale of subsidiary

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:

Acquisition of the participation share in the authorized capital of another commercial organization by the joint-stock company amounted to not less than 5% or acquisition of the portion of  another joint-stock company common shares amounted to not less than 5% and information about cases when such portion becomes more or less than 5, 10, 15, 20, 25, 30, 50 and 75% of joint-stock company’s ordinary shares

2.1. Full corporate name and the legal address of the company,  in which authorized capital the share of the joint-stock company has been changed:

Vozrozhdeniye Finance B.V., private limited liability company.

Teleportboulevard 140, 1043EJ Amsterdam, the Netherlands

2.2 The share of the joint-stock company in the authorized capital of the company before the change and in case this company is a joint-stock company also the portion of its shares owned by the joint-stock company before the change:

Share in the authorized capital (common shares): 100%;

2.3. The share of the joint-stock company in the authorized capital of the company after the change and in case this company is a joint-stock company also the portion of its shares owned by the joint-stock company after the change:

Share in the authorized capital (common shares): 0%;

2.4. The date when the joint-stock company learned about the change of its portion in the shares of the organization:
23 December 2008

3.1. Deputy Chairman of the Management Board Bank Vozrozhdenie

3.2.  December 23, 2008