The Board of Directors of Bank Vozrozhdenie held its regular meeting

18 June 2010

The Board of Directors approved schedule of internal divisions’ revisions to be conducted by the Internal Control and Audit Service in H2 2010 which was preliminary considered by the Audit Committee.

The Board of Directors approved Regulation on carrying out self assessment by the Board of Directors which was developed by the HR and compensations Committee in order to improve the Bank’s corporate governance.

Reports on HR and remunerations Committee’s activity was considered by the Board of Directors and accepted as satisfactory.

Also the Board of Directors considered report on implementation of Schedule of activities aimed at corporate governance improvement in Bank Vozrozhdenie and found its implementation satisfactory.

The Board of Directors of Bank Vozrozhdenie held its regular meeting
Bank Vozrozhdenie holds the Annual General Meeting of Shareholders