On June 28th, the annual General Shareholders’ Meeting of the bank Vozrozhdeniye was held, where the performance results of the year 2001 were summarized

28 June 2002

The Report on the Bank’s activities was presented by Dmitriy Orlov, Chairman of the Board. The reports of the Bank’s Supervisory Council and Revision Commission were also submitted.

The Bank’s shareholders approved the results of the Bank’s operations over the year 2001 and the proposal of the Supervisory Council to pay dividends on the preference shares with a fixed dividend beginning with July 22nd 2002 in the amount of 20% per annum of the share face value.

Regulations on the Governing bodies of the Bank, the Bank’s Charter in the new edition, as well as the issues of electing a new composition of the Supervisory Council, the Revision Commission and the legal auditor of MJSCB Vozrozhdeniye — сlosed joint-stock company PricewaterhouseCoopers Audit — were reviewed at the Meeting.

Annual General Meeting of Shareholders
Bank Vozrozhdeniye has successfully completed the first half of the year 2002. At half-year end, the Bank’s net assets totaled RUR 13.8 billion, the Bank’s equity capital — RUR 1.5 billion