Bank Vozrozhdenie participates in London Adam Smith Conference

3 December 2007

Bank Vozrozhdenie participates in the Russian banking Forum: Identifying Oportunities for Expansion and Sources of Funding started in London. The Forum is organized by Adam Smith Conferences.

Representatives of supervising authorities, officials of leading Russian and foreign banks, experts in corporate governance and leading financial consultants together with analysts of international rating agencies traditionally meet each other in London every year in the beginning of December. At the Forum participants discuss results of the Russian banking sector. Sessions of the Forum are devoted to such topics as sources of funding, analysis of Russian banks IPO as well as M&A deals in the sector. Neil Withers, the Advisor to the Chairman of Bank Vozrozhdenie, represents Bank Vozrozhdenie at the Forum. Participants will also discuss risk management questions during the round table taking place on the last day of the Forum.

Vozrozhdenie Bank reports Nine Months 2007 Net Income of 1,216 million rubles, under International Financial Reporting Standards
The Audit Committee of the Board of Directors of Vozrozhdenie Bank held a regular meeting