The Board of Directors of Vozrozhdenie Bank held a regular meeting

24 December 2007

A regular meeting of the Board of Directors of Vozrozhdenie Bank was held on December 21, 2007 in the form of absentee voting. The ballot papers were forwarded by all members of the Board of Directors within the prescribed period.

The Board of Directors approved the Board’s Audit Committee report of activity for the period from July 2007 to December 2007 and the audit plan for internal organizational units to be conducted by the Bank’s Internal Control and Audit Service in 2008.

The Board of Directors also approved the plan of the Board of Directors work for the period from January 2008 until the Annual Meeting of Shareholders.

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