Meeting of the Board of Directors of Vozrozhdenie Bank

12 November
Meeting of the Board of Directors of Vozrozhdenie Bank

1. General Data

1.1. Full corporate name of the issuer

Vozrozhdenie Bank

1.2. Abbreviated corporate name of the issuer

V.Bank

1.3. Location of the issuer

7/4 Luchnikov pereulok, bldg. 1, Moscow, 101000, Russia

1.4. State Registration number of the Issuer:

1027700540680

1.5. Identification tax number of the issuer:

5000001042

1.6. Unique code of the issuer, assigned by the registration body:

01439-B

1.7. Internet site used by the Issuer for publishing messages:

http://www.e-disclosure.ru/portal/company.aspx?id=120
http://www.vbank.ru

2. Content of the Message

2.1. Date of making a decision to hold the meeting of the Board of Directors: April 21, 2015.

2.2. Date of holding the meeting of Board of Directors: April 21, 2015.

2.3. Agenda of the meeting:

1. Preliminary approval of the Annual Report of Vozrozhdenie Bank for 2014.

2. Consideration of the Audit Commission’s opinion on the results of annual review of the Bank Vozrozhdenie financial and economic activity for 2014.

3. Consideration of results of the Audit Committee’s review of auditor’s opinion prepared by PricewaterhouseCooper’s Audit for 2014 and assessment of opinion of the bank’s auditor.

4. Consideration of recommendations on amount of dividend, order of its payout and recording date.

5. Consideration of HR and Compensation Committee recommendations concerning the amount of remuneration to be paid to the members of the Bank’s Board of Directors according to the results for the year. Development of recommendations for the annual General Meeting of Shareholders.

6. Consideration of profit distribution according to the results of 2014.

7. Consideration of HR and compensations Committee recommendations concerning candidates to the Audit Commission to be elected at the annual General Meeting of Shareholders.

8. Consideration of the Audit Committee’s recommendations on candidates to the position of the bank’s Auditor.

9. Consideration of list of transactions of Vozrozhdenie Bank, deemed as transactions with related parties, subject to approval by the annual General Meeting of Shareholders and determination of the limit of the sum of transactions with related parties.

10. Consideration of draft Amendments to the Articles of Association of and other internal documents of Vozrozhdenie Bank.

11. Approval of the form and text of voting ballots for the annual General Meeting of Shareholders.

12. Approval of the list of information (materials) to be submitted to the shareholders in the course of preparation to the annual General Meeting of Shareholders and the order of its submission.

13. Consideration of results of self-assessment of the Board of Directors activity.

14. Assessment of the corporate governance at Vozrozhdenie Bank

15. Consideration of the report on the implementation of decisions taken by the Board of Directors in Q1 2015

16. Consent on overlapping positions held by the members of the Management Board of Vozrozhdeni Bank at management bodies of other companies.

2.4. Quorum of the meeting of the Board of Directors presents.

Voting results:

resolutions on all the items of the agenda were made by a solid vote of the Board of Directors members participating in the meeting.

2.5. Content of resolution of the Board of Directors on certain items disclosed in accordance with the applicable legislation:

On item 1 “Preliminary approval of the Annual Report of Vozrozhdenie Bank for 2014”

1. To preliminary approve the Annual Report of Vozrozhdenie Bank for 2014 and submit it for approval to the annual General Meeting of Shareholders to be held on June 1, 2015.

On item 3 “Consideration of results of the Audit Committee’s review of auditor’s opinion prepared by PricewaterhouseCooper’s Audit for 2014 and assessment of opinion of the bank’s auditor”:

3.1. To take into consideration results of the audit review of Vozrozhdenie Bank for 2014 held by the Audit Committee of the bank’s Board of Directors

3.2. To agree with the assessment of the opinion of ZAO PricewaterhouseCoopers Audit, the bank’s Auditor, prepared by the Audit Committee of the Board of Directors, and submit such assessment as part of information (materials) to be sent to the persons entitled to participate in the Annual General Meeting of Shareholders within the preparation process.

On item 4 “Consideration of recommendations on amount of dividend, order and form of its payout and dividend record date”:

4.1. To recommend the annual General Meeting of Shareholders to consider the following amount of dividend:

· on ordinary non-documentary registered shares of Vozrozhdenie Bank with face value of RUR 10.0 each in the amount of 5% of the face value that comprises RUR 0.5 per share. Total amount of dividends on ordinary shares should be RUB 11,874,347.00;

· on preference non-documentary registered shares with defined dividend amount and with face value of RUR 10 each in the amount of 20% of the face value that comprises RUR 2.0 per share. Total amount of dividends on preferred shares should be RUB 2,589,010.00.

4.2. To recommend the Annual General Meeting of Shareholders to set the dividend record date as June 11, 2015 (end of the business day).

4.3. To recommend the Annual General Meeting of Shareholders to pay dividends in non-cash form by bank transfer.

Dividend payment to individuals, which rights on the shares are registered in the shareholder register, shall be executed by postal funds transfer or by bank transfer in case of the corresponding application. Dividend payments to other persons which rights on the shares are registered in the shareholder register, shall be executed by bank transfer.

4.4. To recommend the Annual General Meeting of Shareholders to pay dividends to custodians included to the shareholder register not later than June 26, 2015, and pay dividends to other shareholders included to the shareholder register not later than July 17, 2015.

On item 5 “Consideration of HR and Compensation Committee recommendations concerning the amount of remuneration to be paid to the members of the Bank’s Board of Directors according to the results for the year. Development of recommendations for the annual General Meeting of Shareholders”:

5. To recommend the annual General Meeting of Shareholders to approve the following amount of remuneration to the members of the Bank’s Board of Directors for participation in the Board’s activity for 2014:

· Chairman of the Board of Directors and executive directors (members of the Management Board and Chairman of the Management Board) are not paid any remuneration;

· Independent directors — Heads of Committees of the Board of Directors shall be paid RUB 1 500 000 (one million five hundred thousand);

· Other members of the Board of Directors shall be paid RUB 600 000 (six hundred thousand).

Remuneration shall be paid not later than June 16, 2015.

On item 6 “Consideration of profit distribution according to the results of 2014”:

6. To recommend the Annual General Meeting of Shareholders to approve the following profit distribution for 2014:

1.

Net profit for distribution:

2,100,247,040.59




2.

Dividend payment — in total, including

14,463,357.00

On ordinary shares

11,874,347.00

On preferred shares

2,589,010.00

3.

On remuneration payment to the Board of Directors’ members

6,000,000.00

4.

Retained profit

2,079,783,683.59

On item 7 “Consideration of HR and compensations Committee recommendations concerning candidates to the Audit Commission to be elected at the annual General Meeting of Shareholders”:

7. To recommend 4 candidates to be elected to the Audit Commission: Tamara Lapinskaya, Ivan Makarov, Svetlana Markina, Dmitry Obryvalyn.

On item 8 “Consideration of the Audit Committee’s recommendations on candidates to the position of the bank’s Auditor”

8.1. To agree with the Audit Committee of the Board of Director’s recommendations on the bank’s Auditor for 2015.

8.2. To submit the candidature of ZAO PricewaterhouseCoopers Audit to be elected as Auditor of the bank by the Annual General Meeting of Shareholders.

On item 9 “Consideration of list of transactions, deemed as transactions with related parties, subject to approval by the annual General Meeting of Shareholders and determination of the limit of the sum of transactions with related parties”:

9. To recommend the annual General Meeting of Shareholders:

To approve the following transaction of Vozrozhdenie Bank deemed as transactions with related parties that may be concluded in the future in the course of the normal business activity for the period till the next annual General Meeting of Shareholders in 2016 with persons stipulated in the Annexation № 1 to the Minutes of the Board of Directors:

1. Subject of transactions:

1.1. banking operations and transactions (loans, pledges, surety, deposits, bank guarantees, rights acquisition, leasing, factoring, raising and placement of interbank loans, conversion deals, acquisition and sell of precious metals as well as other transactions in the framework of the licenses for banking operations)

1.2. acquisition, pledge, rent and disposal of real estate

1.3. participation in the authorised capital of legal entities (including deals associated with establishment, additional contribution, acquisition of share in the authorised capital, disposal of share in the authorised capital of the legal entities)

1.4. acquisition and disposal of securities, including securities in issue, REPO transactions (except for transactions of placement by subscription or selling ordinary shares as well as issuing securities which can be converted to the ordinary shares)

1.5. interbank and conversion deals concluded in the frame of master agreements on general terms of such transactions

2. Upper limits for transactions:

2.1. the upper limit for each of transactions bearing credit risks (including each of transactions concluded in the frame of general agreement on transaction terms) shall not exceed 2,500,000,000 (Two billion five hundred million) rubles.

2.2. the upper limit for several related transactions bearing credit risks shall not exceed 5,000,000,000 (Five billion) rubles.

2.3. the upper limit for each of other transactions or several related transactions, excluding transactions specified in Cl. 3.1. and 3.2., shall not exceed 12,000,000,000 (Twelve billion) rubles.

3. Other terms of transactions:

· each transaction is to be concluded basing on a standard form contract of the parties,

· each transaction is to be concluded basing on standard terms proposed by the bank while concluding the relevant transaction.

On item 10 “Consideration of draft Amendments to the Articles of Association and internal documents of Vozrozhdenie Bank”:

10.1. To approve and submit draft Amendments to the Articles of Association of Vozrozhdenie Bank for approval to the Annual General Meeting of Shareholders.

10.2. To approve and submit the following internal documents for approval to the Annual General Meeting of Shareholders:

· Draft new edition of the Regulations on the General Meeting of Shareholders of Vozrozhdenie Bank.

· Draft new edition of the Order of holding the General Meeting of Shareholders of Vozrozhdenie Bank.

· Draft new edition of the Regulations on the Board of Directors of Vozrozhdenie Bank.

· Draft new edition of the Regulations on Executive Bodies of Vozrozhdenie Bank.

· Draft new edition of the Regulations on the Audit Commission of Vozrozhdenie Bank.

· Draft new edition of the Regulations on remunerations and compensations for members of the Board of Directors.

On item 11 “Approval of the form and text of voting ballots for the Annual General Meeting of Shareholders”:

11. To approve the form and text of voting ballots for the Annual General Meeting of Shareholders to be held on June 1, 2015.

On item 12 “Approval of the list of information (materials) to be submitted to shareholders in the frame of preparation for the Annual General Meeting of Shareholders of Vozrozhdenie Bank and order of submission of the information (materials)”:

12. To approve the following list of information (materials) to be submitted to the persons entitled to take part in the Annual General Meeting of Shareholders of Vozrozhdenie Bank to be held on June 1, 2015:

1. Vozrozhdenie Bank Annual Report for 2014.

2. Vozrozhdenie Bank financial reporting and auditor opinion for 2014.

3. Audit Commission’s opinion on the review of Vozrozhdenie Bank financial and business activity for 2014.

4. Recommendations of the Board of Directors on profit distribution, including amount of dividend, order and form of its payout and dividend record date, remuneration to the members of the Board of Directors.

5. Information on candidates to the members of the Board of Directors, Audit Commission, information on presence or absence of the written agreement of the candidates to be elected to the corresponding body.

6. Information on the bank’s Auditor.

7. Assessment of the opinion of ZAO PricewaterhouseCoopers Audit for 2014, prepared by the Audit Committee of the Board of Directors.

8. Draft Amendments to the Articles of Association of Vozrozhdenie Bank.

9. Draft new edition of the Regulations on the General Meeting of Shareholders of Vozrozhdenie Bank.

10. Draft new edition of the Order of holding the General Meeting of Shareholders of Vozrozhdenie Bank.

11. Draft new edition of the Regulations on the Board of Directors of Vozrozhdenie Bank.

12. Draft new edition of the Regulations on Executive Bodies of Vozrozhdenie Bank.

13. Draft new edition of the Regulations on the Audit Commission of Vozrozhdenie Bank.

14. Draft new edition of the Regulations on remunerations and compensations for members of the Board of Directors.

15. Information on shareholder agreements concluded during the year preceding the date of the Annual General Meeting of Shareholders in accordance with the current legislation of the Russian Federation.

16. Draft resolutions of the Annual General Meeting of Shareholders on each item of the agenda.

Persons entitled to participate in the Annual General Meeting of Shareholders can review the information (materials) on the agenda of the annual General Meeting of Shareholders at the bank’s Head Office from April 30, 2015 on business days (Monday-Thursday from 9.00 till 18.00 Moscow time, Friday from 9.00 till 16.45 Moscow time) at the address: 7/4 Luchnikov pereulok, bldg. 1, Moscow, 101000, Russia. The stated information (materials) shall be available during the Annual General Meeting of Shareholders for the persons participating in it.

On item 16 “Consent on overlapping positions held by the members of the Management Board of Vozrozhdenie Bank at management bodies of other companies”:

16. To approve overlapping the following positions held by Ms Tatiana Orlova, Deputy Chair of the bank’s Management Board, in case of her election:

· member of the Board of Directors of YUNOST OJSC,

· member of the Board of Directors of V-REGISTER CJSC,

· member of the Board of Directors of Baltiisky Kurort LLC,

· member of the Board of Directors of Vozrozhdenie-Finance LLC,

· member of the Board of Directors of OJSC Luzhsky Zavod Belkozin.

2.6. Date of the meeting of the Board of Directors of the bank when corresponding decisions were made:

April 21, 2015.

2.7. Date of drawing up and number of the Minutes:

April 21, 2015, Minutes № 12.

3. Signature

3.1. Chairman of the Management Board

Vozrozhdenie Bank



(signature)
Igor Antonov

3.2. April 21, 2015

Seal