On March 2, 2006, Vozrozhdenie common shares were listed on the Moscow Interbank Currency Exchange (MICEX).

Vozrozhdenie applied for the listing so that it would be easier for investors to trade the common shares of the Bank. The Exchange first examined the strategy, activities and financial results of the Bank before admitting Vozrozhdenie to their ‘B’ list. Vozrozhdenie is only the second bank listed on MICEX, along with Sberbank.

Only the most active shares are included in the ‘A’ list. Although Vozrozhdenie’s share price has increased significantly and the volume of trading has been much greater in the last four months, this still falls short of the greater volumes required for an ‘A’ listing.

Vozrozhdenie’s management sees this listing as another significant step in our policy of openness. We expect to increase shareholder value by encouraging greater liquidity in our shares.