The Board of Directors of Bank Vozrozhdenie held its regular meeting

3 September 2010

The Board of Directors summarized Bank Vozrozhdenie activity results based on IFRS report and report on fulfillment of the Bank’s financial plan for H1 2010. Results of the Bank’s activity were accepted as satisfactory.

The Board of Director considered H1 2010 reports of the Internal Control and Audit Service and of the Controller over the Bank’s professional activity on the securities market and accepted their activity as satisfactory. Also Directors considered report on fulfillment of AML/CFT rules as well as results of analyses of Q2 2010 reports on Bank’s reviews held by the Central Bank.

Results of the Bank’s stress-testing were considered by the Board of Directors for the purpose of risks management system improvement.

The abovementioned issues were preliminary considered on the meeting of the Audit Committee of the Board of Directors held on August 27, 2010.

The Board of directors made a decision to change status of Puschino and Mikhnevo branches into sub branches of the Bank.

Bank Vozrozhdenie is a strategic partner of the Moscow Oblast Government
Head of Сorporate business Department of Bank Vozrozhdenie was recognized as one of the best managers in Russia