The Board of Directors of Bank Vozrozhdenie held its regular meeting

1 October 2010

The Board of Directors considered draft agreement on audit services and approved the amount of remunerations to be paid to ZAO “PricewaterhouseCoopers Audit” for 2010 audit.

For the purpose of improvement of the internal control system the Board of Directors approved a number of regulations stipulating the order of carrying out internal audit.

The abovementioned issues were preliminary considered during the meeting of the Audit Committee which took place on September 24, 2010.

The Board of Directors approved a new edition of the Corporate Ethic Code which was preliminary considered by the HR & Compensations Committee during the meeting held on September 24, 2010 in order to improve the quality of the Bank’s corporate governance.

Head of Сorporate business Department of Bank Vozrozhdenie was recognized as one of the best managers in Russia
Bank Vozrozhdenie will publish its 9M 2010 RAS report on October 27