Bank Vozrozhdenie has held the extraordinary General Meeting of Shareholders

23 October 2014

Bank Vozrozhdenie has held its extraordinary General Meeting of Shareholders today.

Holding the extraordinary General Meeting of Shareholders was due to the need of bringing the Articles of Association of the bank in accordance with changes in applicable laws regarding the legal status of corporates (the Federal law № 99-FZ dated May 5, 2014 “On amendments to the Chapter 4, Part 1 of the Russian Federation Civil Code and on revocation of particular provisions of the Russian Federation legal acts”), which came into force on September 1, 2014.

The General Meeting of Shareholders has approved a new edition of the Articles of Association, that includes, apart from the above stories, changes in the legislation of the Russian Federation with regard to internal control in credit institutions, including the Federal law “On banks and banking activity”, the Regulations of the Bank of Russia № 242-P “On organization of internal control in credit institutions and banking groups”, the new Listing rules of CJSC “MICEX Stock Exchange”, and the recommendations of the Corporate Governance Code.

Owing to the application on resignation of one of the members of the Board of Directors, the extraordinary General Meeting of Shareholders has decided to fully reelect the Board in accordance with the applicable laws and provisions of the Article of Associations of the bank. Thus, authority of all its members has been terminated, and the new Board of Directors of 12 persons has been elected by cumulative voting for the period till the next annual General Meeting of Shareholders. Igor Kuimov, the General Director of OJSC “Elinar holding company” and the President of the Chamber of Commerce and Industry of Moscow region, has entered the renewed Board of Directors. No other significant changes have occurred, comparing to the composition of the Board elected by the annual General Meeting on June 27, 2014.

The first meeting of the newly elected Board of Directors has been held straight after the extraordinary General Meeting of Shareholders. Dmitry Orlov has been elected as the Chairman and Sergey Malinin — as the secretary of the Board.

The Board of Directors has approved members of the Audit Committee and the Human Resources and Compensation Committee and approved the Activities Plan of the Board of Directors for the period till the next annual General Meeting of Shareholders.

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