The Annual General Meeting of Vozrozhdenie Bank’s shareholders held on June 30, 2006 reviewed the results of 2005 activities.

The annual report submitted by the Management Board, the annual financial statements including the income statement for the year 2005 and distribution of profits, and also the report of the Supervisory Council were accepted. Revisions to the bank’s Charter and internal corporate documents were also approved.

The General Meeting approved payment of dividends for common shares at a rate of 5% of the face value and on preferred shares at a rate of 20% of the face value. The face value of shares of both classes is 10 rubles and the total sum of dividends declared is therefore about 12 million rubles.

Shareholders elected members of the Supervisory Council and the Audit Committee of the bank, as well as reappointed PricewaterhouseCoopers as the auditor of the bank for the next year.

Mr. Boris Borin, the General Director of Elektrostal’ Metallurgical Plant, retired from the Supervisory Council and Mr. Alexandr Zhizhaev, the General Director of GUP MO Mostransauto, one of the bank’s largest clients, joined the Supervisory Council. Total number of the Supervisory Council members remains the same (12 members).

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