The Audit Committee of the Board of Directors of Vozrozhdenie Bank held a regular meeting

14 December 2007

A regular meeting of the Audit Committee of the Bank’s Board of Directors took place on December 14, 2007. Alexander N. Zhizhaev, Nikolai S. Zatsepin, Valentina V. Kabanova participated in the meeting.

Members discussed several issues, including the audit plan for internal organizational units to be conducted by the Bank’s Internal Control and Audit Service in 2008, the report on the Audit Committee’s activity for the period from July 2007 to December 2007 and the plan of the Committee’s work for the period from January 2008 until the Annual Meeting of Shareholders.

The Committee recommended that the Board of Directors of Bank Vozrozhdenie approve the audit plan for internal organizational units to be conducted by the Bank’s Internal Control and Audit Service of the Bank in 2008.

Bank Vozrozhdenie participates in London Adam Smith Conference
The Board of Directors of Vozrozhdenie Bank held a regular meeting