Happy New Year!

24 December 2004

Dear friends!

It gives me much pleasure to wish you a merry Christmas and a happy and prosperous New Year.

On this occasion, I would also like to express my gratitude to all the business partners of the Bank for their cooperation and team spirit. Our joint efforts always produce impressive results and effectively contribute to the positive developments in the Russian economy. I hope that our well-established relations will remain a solid base for future collaboration.

We appreciate the confidence in our Bank shown by our numerous customers, and we also welcome our new clients. And the Bank will continue to do its best to meet their needs and to provide them with efficient and expedient servicing.

Once more, on behalf of the Bank, I wish you all happiness, abundance, good fortune and joy in the coming year.

Dmitry Orlov,
President and Chairman of the Board

Vozrozhdeniye Bank presented “gold” credit cards to Svetlana Khorkina, Vice-president of the sports gymnastics Federation
Bank Vozrozhdeniye successfully completed the year 2004. Over the passed year the assets of Bank Vozrozhdeniye topped RUR 30.5 billion, balance sheet profit for the year 2004 made RUR 400 million