Change of registrar who holds the register of Bank Vozrozhdenie shareholders

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 holding a meeting of the Board of Directors:

March 19, 2010

2.2. Date of drawing up and number of minutes of the Board’s of Director’s meeting:

Minutes ¹ 7, March 19, 2010.

2.3. Decisions taken by the Board of Directors:

“5.1. To abrogate the Agreement on holding a register of securities owners ¹ PA-05/97 dated 27.12.1999 concluded between Bank Vozrozhdenie and Open Joint-Stock Company «Specialized Registrar «Avista» in Bank’s reasonable decision.

5.2. To stipulate the following date of Agreement termination: 31.05.2010.

5.3. To carry out following activities related to termination of Agreement on holding a register of securities owners PA-05/97 dated 27.12.1999 concluded between Bank Vozrozhdenie and Open Joint-Stock Company «Specialized Registrar «Avista»:

5.3.1. To notify in written Bank Vozrozhdenie Registrar, Open Joint-Stock Company «Specialized Registrar «Avista» about abrogation of Agreement in Bank’s reasonable decision not later than 45 (fourty five) days before the date of Agreement termination.

5.3.2. To publish the notification on abrogation of Agreement on holding a register of securities owners concluded between Open Joint-Stock Company «Specialized Registrar «Avista» and Bank Vozrozhdenie in “Izvestia” newspaper not later than 25 (twenty five) days before the date of Agreement termination.

5.3.3.To mandate Dmitry L. Orlov, the Chairman of Bank Vozrozhdenie Management Board, to take control over procedures related to termination of Agreement on holding a register of securities owners concluded between Open Joint-Stock Company «Specialized Registrar «Avista» and Bank Vozrozhdenie,  as well as to sign all necessary documents.

6.1. To approve Open Joint-Stock Company “Registrar R.O.S.T.” as Bank Vozrozhdenie new Registrar (Number of the Registrar’s license permitting to register the owners of securities: ¹ 10-000-1-00264 issued by Federal Comission for the Securities Market on 03.12.2002. Primary State Registration Number 1027739216757, the date of state registration 18.09.2002 registered by Moscow branch ¹ 39 of Ministry of the Russian Federation for Taxes and Levies.

Location: Moscow, Starominka Str., 18/13. Mailing address: Starominka Str., 18, PO Box 9, 107996, Moscow).

6.2. To approve the terms of Agreement on holding a register of securities owners with OJSC “Registrar R.O.S.T.”

6.3. To mandate Dmitry L. Orlov, the Chairman of Bank Vozrozhdenie Management Board, to sign the Agreement on holding a register of securities owners with OJSC “Registrar R.O.S.T.”,  and to take control over transferring to a new Registrar of all documents and information comprising the system of maintenance of Bank Vozrozhdenie shareholders’ register.

6.4.To stipulate the following date of agreement with the new Registrar coming into effect: 01.06.2010.

6.5. To notify registered shareholders about new registrar by means of publishing information in Izvestia newspaper not later than 25 (twenty five) days before the date of termination of Agreement with the previous Registrar  Open Joint-Stock Company «Specialized Registrar «Avista».

3.1. Deputy Chairman of the Management Board Bank Vozrozhdenie

3.2.  March 19, 2010