The Board of Directors and the Audit Committee held their regular meetings

22 November 2013

Today Bank Vozrozhdenie Board of Directors held its regular meeting in the form of joint presence.

Some items included into the agenda of the Board of Directors meeting were preliminarily considered by the Audit Committee.

The Board of Directors discussed the results of the bank’s business for the 9 months of 2013 on the basis of IFRS reporting.

The Board of Directors considered reports on credit and operational risks management accomplishing its function of risk management performance control. The Board assessed effectiveness of the existing procedures on the basis the Audit Committee recommendations. Risk management system of Bank Vozrozhdenie was recognized as adequate to the current business risk profile.

The Board of Directors also considered Q3 2013 report on fulfillment of its decisions and concluded that all decisions of the Board were implemented in a proper and timely manner.

Bank Vozrozhdenie will publish its 3Q 2013 IFRS results and hold a conference call for investors on November 26
Bank Vozrozhdenie earned RUB 768 million ($24 million) of net profit during 9M 2013