Resolutions of the Board of Directors of Bank Vozrozhdenie

25 April 2014

1. General Data

1.1. Full corporate name of the issuer

Bank Vozrozhdenie

1.2. Abbreviated corporate name of the issuer

Bank Vozrozhdenie

1.3. Location of the issuer

7/4 Luchnikov pereulok, bldg. 1, Moscow, 101000, Russia

1.4. State Registration number of the Issuer:

1027700540680

1.5. Identification tax number of the issuer:

5000001042

1.6. Unique code of the issuer, assigned by the registration body:

1439

1.7. Internet site used by the Issuer for publishing messages:

http://www.e-disclosure.ru/portal/company.aspx?id=120
http://www.vbank.ru

2. Content of the Message

2.1. Quorum of the meeting of the Board of Directors presents.

Voting results:

resolutions on all the items of the agenda were made by a solid vote of the Board of Directors members participating in the meeting.

2.2. Content of resolution of the Board of Directors disclosed in accordance with the current legislation:

On item 1 “Determination of a form, date, place and time of holding the Annual General Meeting of Shareholders of Bank Vozrozhdenie. Determination of a postal address where completed ballots should be sent and procedure of informing shareholders on holding the Annual General Meeting of Shareholders”

1.1. To determine form of holding the Annual General Meeting of Shareholders of Bank Vozrozhdenie as the meeting (joint presence of shareholders for discussing the agenda and taking resolutions on agenda items submitted for voting with preliminary sending of the voting ballots).

1.2. To determine the date, place and time of holding the Annual General Meeting of Shareholders of Bank Vozrozhdenie as June 27, 2014; 7/4 Luchnikov lane, building 1, Bank Vozrozhdenie Conference hall, Moscow; 10 am Moscow time accordingly.

Postal address where completed ballots should be sent — 7/4 Luchnikov lane, building 1, Moscow, 101990 GSP, Russian Federation.

Time of starting the registration of the meeting participants — 9 am Moscow time at the meeting’s location.

1.3. To send notification on holding the Annual General Meeting of Shareholders of Bank Vozrozhdenie to every person included to the list of persons entitled to participate in the Annual General Meeting of Shareholders of Bank Vozrozhdenie not later than May 27, 2014.

1.4. To publish the statement on holding the Annual General Meeting of Shareholders of Bank Vozrozhdenie in newspaper “Izvestiya” not later than May 27, 2014.

1.5. To approve the presidium of the Annual General Meeting of Shareholders in the number of 4 persons in the following membership: Dmitry L. Orlov, Alexander V. Dolgopolov, Luydmila A. Goncharova, Sergey N. Malinin.

1.6. Chairing on the Annual General Meeting of Shareholders shall be Dmitry L. Orlov, the Chairman of the Board of Directors. In case of his absence and inability to execute the said functions they should be passed to Alexander Dolgopolov, the Chairman of the Management Board. In case of his absence and inability to execute the said functions they should be passed to the member of the Board of Directors determined by the Board of Directors.

1.7.Functions of the secretary of the Annual General Meeting of Shareholders shall be executed by Sergey N. Malinin, the secretary of the Board of Directors, or other person appointed by the Chairman of the Annual General Meeting of Shareholders.

On item 2 “Determination of completion date of the list of persons having a right to participate in the Annual General Meeting of Shareholders”:

To determine completion date of the list of persons having a right to participate in the Annual General Meeting of Shareholders (drafted on the basis of the data from Bank Vozrozhdenie shareholders register) as end of the business day on May 12, 2014.

On item 3 “Approval of the agenda of the Annual General Meeting of Shareholders”:

To approve the following agenda of the Annual General Meeting of Shareholders:

  1. Approval of the Annual Report, the annual financial statements for 2013.
  2. Profit distribution according to the results of 2013.
  3. Dividend payout (declaration) according to the results of 2013, determination of the size, payment procedure, form, and dividend record date.
  4. Payment of remunerations to the members of the Board of Directors of Bank Vozrozhdenie according to the results of 2013.
  5. Approval of the Amendments and Alterations to the Articles of Association of Bank Vozrozhdenie.
  6. Approval of the Amendments and Alterations № 2 to the Regulation on the General Meeting of Shareholders.
  7. Approval of the Amendments and Alterations № 2 the Order of holding General Meeting of Shareholders of Bank Vozrozhdenie.
  8. Approval of the Amendments and Alterations № 2 to the Regulation on the Board of Directors of Bank Vozrozhdenie.
  9. Approval of the Amendments and Alterations № 2 to the Regulation on Executive Bodies of Bank Vozrozhdenie.
  10. Approval of the Amendments and Alterations № 2 to the Regulation on the Audit Commission of Bank Vozrozhdenie.
  11. Approval of transactions between Bank Vozrozhdenie and interested parties which can be carried out on standard terms during the period until the next annual General Meeting of Shareholders in the process of the Bank’s usual activity.
  12. Election of the Board of Directors of Bank Vozrozhdenie.
  13. Election of the members of the Audit Commission of Bank Vozrozhdenie.
  14. Approval of the Auditor of Bank Vozrozhdenie

On item 4 “Consideration of HR and Compensation Committee recommendations concerning the amount of remuneration to be paid to the members of the Bank’s Board of Directors according to the results for the year. Development of recommendations for the Annual General Meeting of Shareholders”:

To recommend the Annual General Meeting of Shareholders to approve the following amount of remuneration to the members of the Bank’s Board of Directors for participation in the Board’s activity for 2013:

  • 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 RUB 3 000 000 (three million);
  • Independent directors — Heads of Committees of the Board of Directors should be paid RUB 1 500 000 (one million five hundred thousand);
  • Other members of the Board of Directors should be paid RUB 600 000 (six hundred thousand).

Remuneration should be paid not later than July 18, 2014.

On item 5 “Consideration of HR and compensations Committee recommendations concerning candidates to the Board of Directors and the Audit Commission to be elected at the General Meeting of Shareholders”:

5.1. To recommend 12 candidates to be elected to the Board of Directors: Dmitry L. Orlov, Alexander V. Dolgolpolov, Lyudmila A. Goncharova, Nikolay S. Zatsepin, Oleg I. Lapushkin, Vladimir G. Malinin, Sergey N. Malinin, Otar L. Margania, Nikita S. Mikhalkov, Vladimir G. Panskov, Yuri V. Poletaev, Mukhadin A. Eskindarov.

5.2. To recommend 4 candidates to be elected to the Audit Commission: Dmitry A. Strashok, Tamara N. Lapinskaya, Svetlana A. Markina, Dmitry V. Obryvalyn.

On item 6 “Consideration of results of the Audit Committee’s review of auditor’s opinion prepared by PricewaterhouseCooper’s Audit for 2013 and assessment of opinion of the Bank’s auditor”

6.1. To take into account audit review results for 2013 held by the Audit Committee of the Board of Directors.

6.2. To agree with the assessment of the opinion of ZAO PricewaterhouseCoopers Audit, the bank’s Auditor, prepared by the Audit Committee of the Board of Directors, and submit such assessment as part of information (materials) to be sent to the persons entitled to participate in the Annual General Meeting of Shareholders within the preparation process.

On item 7 “Consideration of the Audit Committee’s recommendations on candidates to the position of the Bank’s Auditor”

7.1. To agree with the Audit Committee of the Board of Director’s recommendations on the bank’s Auditor for 2014.

7.2. To submit the candidature of ZAO PricewaterhouseCoopers Audit to be elected as Auditor of the bank by the Annual General Meeting of Shareholders.

On item 8 “Consideration of profit distribution according to the results of 2013”:

To recommend the Annual General Meeting of Shareholders to approve the following profit distribution for 2013:

1.

Net profit for distribution:

1,388,748,797.40

2.

Dividend payment — in total, including

14,463,357.00

On ordinary shares

11,874,347.00

On preferred shares

2,589,010.00

3.

On remuneration payment to the Board of Directors’ members

9,600,000.00

4.

Retained profit

1,364,685,440.40

On item 10 “Consideration of recommendations on amount of dividend, order and form of its payout and dividend record date”:

10.1. To recommend the Annual General Meeting of Shareholders to consider the following amount of dividend:

  • on ordinary registered uncertified shares of Bank Vozrozhdenie with nominal value of RUR 10.0 each in sum of 5% of the nominal value that comprises RUR 0.5 per share. Total amount of dividends on ordinary shares should be RUB 11,874,347.00;
  • on preferred registered uncertified shares with defined dividend amount and with nominal value of RUR 10 each in sum of 20% of the nominal value that comprises RUR 2.0 per share. Total amount of dividends on preferred shares should be RUB 2,589,010.00.

10.2. To recommend the Annual General Meeting of Shareholders to set the dividend record date as July 8, 2014 (end of the business day).

10.3. To recommend the Annual General Meeting of Shareholders to pay dividends in non-cash form by bank transfer.

Dividend payment to individuals, which rights on the shares are registered in the shareholder register, shall be executed by postal funds transfer or by bank transfer in case of the corresponding application. Dividend payments to other persons which rights on the shares are registered in the shareholder register, shall be executed by bank transfer.

10.4. To recommend the Annual General Meeting of Shareholders to pay dividends to nominal shareholders included to the shareholder register not later than July 22, 2014, and pay dividends to other shareholders included to the shareholder register not later than August 12, 2014.

On item 11 “Consideration of draft Amendments and Alterations to the Articles of Association of Bank Vozrozhdenie”

To approve and submit draft Amendments and Alterations to the Articles of Association of Bank Vozrozhdenie for approval to the Annual General Meeting of Shareholders.

On item 12 “Consideration of list of transactions of Bank Vozrozhdenie, deemed transactions with related parties, subject to approval of the Annual General Meeting of Shareholders and determination of the limit of the sum of transactions with related parties”:

12.1. To recommend the Annual General Meeting of Shareholders:

12.1.1. 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.

12.1.2. 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.

12.1.3. 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.

12.1.4. 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 7,000,000,000 (seven billion) rubles.

12.1.5. 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

12.1.6. 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.

12.2. To instruct the Management Board to continuously control transactions with related parties as well as control submitting for preliminary approval by the bank’s management body of transactions (groups of related transactions) if their conditions may differ from the similar transactions completed by the bank or exceed the limits set.

On item 13 “Approval of the form and text of voting ballots for the Annual General Meeting of Shareholders”

To approve the form and text of voting ballots for the Annual General Meeting of Shareholders to be held on June 27, 2014.

On item 14 “Approval of the list of information (materials) to be submitted to the persons entitled to take part in the Annual General Meeting of Shareholders of Bank Vozrozhdenie and order of submission of the information (materials)”

To approve the following list of information (materials) to be submitted to the persons entitled to take part in the Annual General Meeting of Shareholders of Bank Vozrozhdenie to be held on June 27, 2014:

  1. Bank Vozrozhdenie Annual Report for 2013.
  2. Bank Vozrozhdenie financial reporting and auditor opinion for 2013.
  3. Audit Commission’s opinion on the review of Bank Vozrozhdenie financial and business activity for 2013.
  4. Recommendations of the Board of Directors on profit distribution, amount of dividend, order and form of its payout and dividend record date, remuneration to the members of the Board of Directors.
  5. Information on candidates to the members of the Board of Directors, Audit Commission, information on presence or absence of the written agreement of the candidates to be elected to the corresponding governing body.
  6. Information on the Auditor.
  7. Assessment of the opinion of ZAO PricewaterhouseCoopers Audit for 2013, prepared by the Audit Committee of the Board of Directors.
  8. Draft Amendments and Alterations to the Articles of Association of Bank Vozrozhdenie.
  9. Draft Amendments and Alterations № 2 to the Regulation on the General Meeting of Shareholders.
  10. Draft Amendments and Alterations № 2 the Order of holding General Meeting of Shareholders of Bank Vozrozhdenie.
  11. Draft Amendments and Alterations № 2 to the Regulation on the Board of Directors of Bank Vozrozhdenie.
  12. Draft Amendments and Alterations № 2 to the Regulation on Executive Bodies of Bank Vozrozhdenie.
  13. Draft Amendments and Alterations № 2 to the Regulation on the Audit Commission of Bank Vozrozhdenie.
  14. Information on shareholder agreements concluded during the year preceding the date of the Annual General Meeting of Shareholders in accordance with the current legislation of the Russian Federation.
  15. Draft resolutions of the Annual General Meeting of Shareholders on each item of the agenda.

Persons entitled to participate in the Annual General Meeting of Shareholders can review the information (materials) on the agenda of the annual General Meeting of Shareholders at the bank’s Head Office from May 28 to June 26, 2014 from 10.00 till 14.00 Moscow time at the address: 7/4 Luchnikov pereulok, bldg. 1, Moscow, 101000, Russia. The stated information (materials) shall be available during the Annual General Meeting of Shareholders for the persons participating in it.

On item 16 “Approval of Amendments № 1 to the Provisions on Khimki branch of Bank Vozrozhdenie, related with change of location (postal address) of the Branch”

16.1. To approve Amendments № 1 to the Provisions on Khimki branch of Bank Vozrozhdenie, related with change of location (postal address) of the Branch. New location (postal address) of the branch is 5B Mashintseva street, room 001, Khimki, Moscow region, 141407.

16.2. Alexander V. Dolgopolov, Chairman of the Management Board, shall be entitled to sign Amendments № 1 to the Provisions on Khimki branch of Bank Vozrozhdenie, notification on changing details of Khimki branch and all other documents associated with the change of location (postal address) of Khimki branch to be sent to the Main Division of the Central Bank of Russia on Central Federal District, the city of Moscow.

2.3. Date of the meeting of the Board of Directors of the Bank when corresponding resolutions were made: April 25, 2014.

2.4. Date of drawing up and number of the Minutes: April 25, 2014, Minutes № 11.

3. Signature

3.1.Chairman of the Management Board

Bank Vozrozhdenie



(signature)
Alexander V. Dolgopolov

3.2. April 25, 2014

Stamp


Meeting of the Board of Directors of Bank Vozrozhdenie
Information about the Annual General Meeting of Shareholders

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