Resolutions of the Annual General Meeting of 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. Kind of general meeting (annual, extraordinary).

Annual.

2.2. Form of the held general meeting.

Meeting (joint presence of shareholders with preliminary ballots forwarded before the annual general meeting).

2.3. Date and place of the held general meeting.

June 25, 2010.

7/4, Luchnikov pereulok, building 1, Moscow

2.4. Quorum of general meeting.

The number of votes held by shareholders taking part in the general meeting is 19 761 917 votes, or 83,21% of total number of voting shares of Bank Vozrozhdenie.

2.5. Matters put to vote and results of voting:

Issue 1. Approval of the Annual Report, Annual Financial Statements, Income Statement for 2009.

Voting results: «For» — 19 696 887, «Against» — 1, «Abstain» — 21 101 

Issue 2. Approval of the Bank Vozrozhdenie Board of Directors Report.

Voting results: «For» — 19 702 292, «Against» — 61, «Abstain» — 15 636

Issue 3. Approval of the new edition of Regulations on remunerations and compensations for members of the Board of Directors of Bank Vozrozhdenie

Voting results: «For» — 19 646 410, «Against» — 1 317, «Abstain» — 50 262

Issue 4. Payment of remuneration to the members of the Board of Directors of Bank Vozrozhdenie according to 2009 results.

Voting results: «For» — 19 663 866, «Against» — 3 049, «Abstain» — 56 850

Issue 5. On profit distribution, including dividends payout according to 2009 results.

Voting results: «For» — 19 650 942, «Against» — 715, «Abstain» — 52 384

Issue 6. Approval of Alterations No.12 to the Articles of Association of Bank Vozrozhdenie.

Voting results: «For» — 19 669 624, «Against» — 61, «Abstain» — 52 856

Issue 7. Approval of Alterations No.1 to the Regulation on the General Meetings of Shareholders of Bank Vozrozhdenie.

Voting results: «For» — 19 670 588, «Against» — 61, «Abstain» — 53 392

Issue 8. Approval of Alterations No.1 to the Order of holding General Meeting of Shareholders of Bank Vozrozhdenie.

Voting results: «For» — 19 668 268, «Against» — 1, «Abstain» — 53 348

Issue 9. Approval of Alterations No.2 to the Regulation on the Board of Directors of Bank Vozrozhdenie.

Voting results: «For» — 19 668 324, «Against» — 61, «Abstain» — 55 656

Issue 10. Approval of Alterations No.2 to the Regulation on the Executive Bodies of Bank Vozrozhdenie.

Voting results: «For» — 19 668 368, «Against» — 61, «Abstain» — 55 612

Issue 11. Approval of transactions between Bank Vozrozhdenie and related parties that may be concluded on standard terms during the period until the next annual General Meeting of Shareholders in the normal course of business.

Voting results: «For» — 19 667 560, «Against» — 1 001, «Abstain» — 55 476

Issue 12. Election of the Board of Directors of Bank Vozrozhdenie

 (Number of votes «For» for nominated candidate):

Mr. Dmitriy Lvovich Orlov — 19 412 895

Ms. Lyudmila Antonovna Goncharova — 19 063 691

Mr. Alexander Vitalievich Dolgopolov — 19 106 418

Mr. Valery Petrovich Zhigulich — 19 234 735

Mr. Nikolai Stepanovich Zatsepin — 18 945 405

Mr. Yuriy Mikhailovich Marinichev — 19 070 506

Mr. Otar Leontievich Margania — 18 946 349

Mr. Nikita Sergeevich Mikhalkov — 19 231 489

Mr. Vladimir Georgievich Panskov — 19 240 050

Mr. Yury Vladimirovich Poletaev — 19 233 332

Mr. Victor Vladimirovich Khartov — 19 238 652

Mr. Mukhadin Abdurakhmanovich Eskindarov — 19 249 182

Against all candidates — 6 093 288

Abstained for all candidate — 377 520

Issue 13. Setting the number of members of the Audit Commission of Bank Vozrozhdenie

Voting results: «For» — 19 677 720, «Against» — 13, «Abstain» — 43 600

Issue 14. Election of the Audit Commission of Bank Vozrozhdenie

Afonin Victor Anatolievich

Voting results: «For» — 6 790 737, «Against» — 525, «Abstain» — 31 948

Lapinskaya Tamara Nikolaevna

Voting results: «For» — 6 789 397, «Against» — 69, «Abstain» — 34 144

Markina Svetlana Alekseevna

Voting results: «For» — 6 788 997, «Against» — 69, «Abstain» — 34 144

Abramova Elena Vyacheslavovna

Voting results: «For» — 6 788 997, «Against» — 69, «Abstain» — 34 144

The decision is made by the majority of shareholders having the right to take part in voting on this issue.

Issue 15. Approval of the Auditor of Bank Vozrozhdenie

Voting results: «For» — 19 690 945, «Against» — 0, «Abstain» — 31 988

2.6. Resolutions made by the General Meeting of Shareholders:

On the first issue of the agenda:

1.1. To approve Bank Vozrozhdenie Annual Report for 2009.

1.2. To approve the Annual Financial Statements and Income Statement of Bank Vozrozhdenie for 2009.

On the second issue of the agenda:

To consider Bank Vozrozhdenie Board of Directors’ activity as satisfactory.

On the third issue of the agenda:

To approve the new edition of Regulations on remunerations and compensations for members of the Board of Directors of Bank Vozrozhdenie.

On the fourth issue of the agenda:

4.1. To pay remuneration to the members of the Board of Directors of Bank Vozrozhdenie according to the Regulations on remunerations and compensations for members of the Board of Directors of Bank Vozrozhdenie for participation in the activity of the Board of Directors  in 2009 in the following amounts:

Executive directors (members of the Management Board and Chairman of the Management Board) are not paid any remuneration;

Chairman of the Board of Directors  should be paid USD 100 thousand in Russian rubles according to the CBR exchange rate as on the day of making a decision by the Board of Directors on including the item on remunerations payment to the Board of Directors to the agenda of the General Meeting of Shareholders;

Independent directors — Heads of Committees of the Board of Directors should be paid USD 50 thousand in Russian rubles according to the CBR exchange rate as on the day of making a decision by the Board of Directors on including the item on remunerations payment to the Board of Directors to the agenda of the General Meeting of Shareholders;

Other members of the Board of Directors should be paid USD 20 thousand in Russian rubles according to the CBR exchange rate as on the day of making a decision by the Board of Directors on including the item on remunerations payment to the Board of Directors to the agenda of the General Meeting of Shareholders.

4.2. The members of the Board of Directors who are tax residents of the Russian Federation should be paid remuneration in Russian rubles. The members of the Board of Directors who are tax nonresidents of the Russian Federation should be paid remuneration in US dollars by means of conversion of the amount of remuneration payable in accordance with the CBR exchange rate as on the day of making a decision by the Board of Directors on including the item on remunerations payment to the Board of Directors to the agenda of the General Meeting of Shareholders.

4.3. Remuneration should be paid no later than July 16, 2010.

4.4. Surplus of funds assigned to be paid as remuneration to the members of the Board of Directors in accordance with the results of 2008 arising from exchange rates differences to be transferred to the undistributed profit account.

On the fifth issue of the agenda:

5.1. To approve the following profit distribution of Bank Vozrozhdenie for 2009, rub.:

Profit before Income Tax — 1 668 139 799.31rubles

Income Tax — 632 801 595.75 rubles

Net profit to be distributed — 1 035 338 203.56 rubles

Dividends payable, total — 14 463 357.00 rubles

Incl.

— on common shares — 11 874 347.00 rubles

— on preferred shares — 2 589 010.00 rubles

Remunerations to the members of the Board of Directors — 9 321 216.00 rubles

Fund of savings for business development — 1 011 553 630.56 rubles

5.2. To propose the annual General Meeting of Shareholders to approve the following amount of dividends per share:

— on common non-documentary registered shares with the face value of RUB 10 each,  as 5% of the face value which is RUB 0.50 per share;

— on preference non-documentary registered shares with the fixed amount of dividends with the face value of RUB 10 each, as 20% of the face value which is RUB 2.00 per share.

5.3. To set that the list of persons entitled to get annual dividends should be established on May 6, 2010 at 19:00 being the date of establishing the list of persons having the right to participate in the AGM.

5.4. To pay dividends during the period from August 17 to August 24, 2010 by bank transfer in accordance with the bank details recorded in the Bank Vozrozhdenie system of shareholders’ registration. If banking details are not available, dividends payment to individual shareholders will be carried out at the cash desks of the Bank’s branches starting from August 17, 2010.

On the sixth issue of the agenda:

6.1. To approve Alterations No. 12 to the Articles of Association of Bank Vozrozhdenie.

6.2. To give the authority of signing the application for registering Alterations No.12 to the Articles of Association of Bank Vozrozhdenie to the Chairman of the Board of Directors of Bank Vozrozhdenie.

On the seventh issue of the agenda:

To approve Alterations No.1 to the Regulation on the General Meeting of the Shareholders of Bank Vozrozhdenie.

On the eighth issue of the agenda:

To approve Alterations No.1 to the Order of holding General Meeting of Shareholders of Bank Vozrozhdenie.

On the ninth issue of the agenda:

To approve Alterations No.2 to the Regulation on the Board of Directors of Bank Vozrozhdenie.

On the tenth issue of the agenda:

To approve Alterations No.2 to the Regulation on the Executive Bodies of Bank Vozrozhdenie.

On the eleventh issue of the agenda:

11.1. To approve transactions of Bank Vozrozhdenie that may be effected in future under standard terms and conditions during the period until the next annual General Meeting of Shareholders in the course of ordinary economic activities of the Bank, including bank operations and transactions (loans, pledges, surety, deposits, bank guarantees, rights acquisition, leasing, factoring, granting and placement of bank-to-bank loans as well as other transactions in the framework of the licenses for banking operations), which are recognized under the law of the Russian Federation as transactions with related parties recognized as such under the law of the Russian Federation.

11.2. To approve transactions of Bank Vozrozhdenie that may be effected in future under standard terms and conditions during the period until the next annual General Meeting of Shareholders in the course of ordinary economic activities of the Bank including bank operations and transactions, related to acquisition, pledge, renting and disposal of real estate, which can be carried out in the future under standard terms, and conditions during the period until the next annual General Meeting of Shareholders and recognized under the law of the Russian Federation as transactions with related parties recognized as such under the law of the Russian Federation.

11.3. To approve transactions of Bank Vozrozhdenie related to acquisition and disposal of securities, including securities in issue (except transactions of placement by subscription or selling ordinary shares as well as issuing securities which can be converted to the ordinary shares) which can be carried out in the future under standard terms, and conditions during the period until the next annual General Meeting of Shareholders and recognized under the law of the Russian Federation as transactions with related parties recognized as such under the law of the Russian Federation.

11.4. To determine that the upper limit for each of transactions to be concluded or for a number of related transactions with each of related parties shall not exceed 6 900 000 000 (six billion nine hundred million) rubles.

11.5. To determine that the upper limit for each of credit risk bearing transactions to be concluded with persons considered as related parties shall not exceed 2,500,000,000 (two billion five hundred million) rubles. In addition the upper limit for a number of related with each of related parties  shall not exceed 5,000,000,000 (five billion) rubles

11.6. To determine that the material terms and conditions of transactions with related parties to be effected within the limits set by the General Meeting of Shareholders shall not be essentially different from terms and conditions of similar transactions with non-related parties.

On the twelfth issue of the agenda:

To elect the Board of Directors of Bank Vozrozhdenie as follows:

Dmitry L’vovich Orlov,

Lyudmila Antonovna Goncharova,

Aleksander Vitalievich Dolgopolov,

Valery Petrovich Zhigulich,

Nikolay Stepanovich Zatsepin,

Yury Mikhailovich Marinichev,

Otar Leontievich Margania,

Nikita Sergeevich Mikhalkov,

Vladimir Georgievich Panskov,

Yury Vladimirovich Poletaev,

Victor Vladimirovich Khartov,

Mukhadin Abdurakhmanovich Eskindarov.

On the thirteenth issue of the agenda:

To set the number of members of the Audit Commission of Bank Vozrozhdenie as 4 people.

On the fourteenth issue of the agenda:

To elect the Audit Commission of Bank Vozrozhdenie as follows:

1. Afonin Victor Anatolievich;
2. Lapinskaya Tamara Nikolaevna;
3. Markina Svetlana Alekseevna;
4. Abramova Elena Vyacheslavovna

On the fifteenth issue of the agenda:

To approve PricewaterhouseCoopers Audit ZAO as the Auditor of Bank Vozrozhdenie.

2.7. Date of drawing up the Minutes:

June 25, 2010.

Decisions taken by the Bank Vozrozhdenie General meeting of Shareholders as well as the voting results according to the agenda were proclaimed at the General Meeting of Shareholders. 

3.1. Deputy Chairman of the Management Board Bank Vozrozhdenie

3.2.  June 25, 2010