The Board of Directors of Bank Vozrozhdenie held its regular meeting

28 May 2010

During its meeting the Board of Directors reviewed the report on fulfillment of Bank Vozrozhdenie financial plan as well as Bank’s IFRS report for 3 months 2010.

Also the Board of Directors considered the Q1 2010 Report of the Controller over Bank Vozrozhdenie activity at the securities market and the Report on compliance with the rules of internal control and with internal control programs to combat legalization (laundering) of criminally obtained revenues and terrorism financing. Further the Board of Directors reviewed results of the Bank’s revisions held by the Central Bank during first quarter of 2010.

All abovementioned issues were preliminary considered by the Audit Committee of the Board of Directors.

Besides that the Board of Directors approved Bank’s internal regulations on risk management procedures and procedures of development and approval of Bank’s strategy.

Bank Vozrozhdenie executives to give conference call for investors
The Board of Directors of Bank Vozrozhdenie held its regular meeting