Bank Vozrozhdenie held an extraordinary meeting of the Board of Directors

25 July 2014

Today Bank Vozrozhdenie held an extraordinary meeting of the Board of Directors.

The agenda primarily included issues on preparation to the extraordinary General Meeting of Shareholders that will be held in order to bring the bank’s Articles of Association in compliance with the material changes of the legislation concerning the legal status of corporates. These changes are coming into force on September 1, 2014 according to the Federal law #99-FZ dated May 5, 2014 “On amendments to the Chapter 4, Part 1 of the Russian Federation Civil code and on revocation of the particular provisions of the Russian Federation legal acts”.

Beyond that, the Board of Directors adopted a resolution to include reelection of the Board of Directors to the agenda of the meeting owing to the application on resignation of one of the Board’s members. Following the current legislation and the Articles of Association, the Board of Directors will be fully reelected in the number of 12 members for the period till the next annual General Meeting of Shareholders.

The Board of Directors set October 23, 2014 as the date of the extraordinary General Meeting of Shareholders and defined the end of the business day on August 5, 2014 as the record date for participants of the meeting.

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Bank Vozrozhdenie will publish its H1 2014 IFRS results and hold a conference call for investors on August 27