Meeting of the Board of Directors of Vozrozhdenie Bank and its agenda

30 August
Meeting of the Board of Directors of Vozrozhdenie Bank and its agenda

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. Quorum of the meeting of the Board of Directors was present.

Voting results:

Decisions on all the agenda items were made by the majority of votes of the members of the Board of Directors participated in the meeting.

2.2. Content of the resolutions adopted by the bank’s Board of Directors on particular items disclosed in accordance with the norms stipulated by the applicable legislation:

On item № 1 “Review of principal terms and conditions of the audit contract and approval of fees of PricewaterhouseCoopers Audit JSC, the auditor of Vozrozhdenie Bank”:

1. To approve the price for the services of PricewaterhouseCoopers Audit JSC on carrying out an audit for the year 2016 in accordance with the draft Agreement for audit services in the amount of 9,900,000 (nine million nine hundred thousand) rubles. The cost of services shall be increased by the amount of VAT calculated at the rate established by the applicable legislation.

On item № 2 “Review of the Consolidated Report on Stress Testing of Vozrozhdenie Bank as of July 1, 2016”:

2.1. To take note of the stress testing results of Vozrozhdenie Bank as of July 1, 2016, and approve the Consolidated Report on Stress Testing of Vozrozhdenie Bank as of July 1, 2016.

2.2. To direct the Management Board of the Bank to take note of the stress testing results while performing activities aimed at prevention and mitigation of losses the Bank can incur in case of crisis.

On item № 3 “Approval of the Policy on Remuneration, Compensation and Benefits of Vozrozhdenie Bank”:

3.1. To approve the Policy on remuneration, compensation and benefits of Vozrozhdenie Bank.

3.2. To recognise the following currently effective internal regulations of Vozrozhdenie Bank as ceased to be in force since 15.10.2016:

  • Regulations on remuneration of the members of the executive bodies of Vozrozhdenie Bank and other employees exposed to risks, approved by Decision of the Board of Directors (ref. Minutes No. 10 dated 01.10.2015);
  • Regulations on accrual and payment of delayed non-fixed compensation for the members of the executive bodies of Vozrozhdenie Bank and other employees exposed to risks, approved by decision (ref. Minutes No. 7 dated 11.03.2016);
  • Regulations on remuneration of the members of the executive bodies of Vozrozhdenie Bank, approved by Decision of the Board of Directors (ref. Minutes No. 5 dated 18.12.2009);
  • Regulations on material incentives of Vozrozhdenie Bank, approved by the Decision of the Board of Directors (ref. Minutes No. 7 dated 11.03.2016);
  • Regulation on remuneration of the employees of the Departments of Vozrozhdenie Bank executing internal control/risk management, approved by Decision of the Board of Directors (ref. Minutes No. 7 dated 11.03.2016);
  • Regulations on compensations of the employees of Vozrozhdenie Bank, approved by the Board of Directors (ref. Minutes No. 6 dated 26.12.2014);
  • List of employees of Vozrozhdenie Bank exposed to risks, approved by the Decision of the Board of Directors (ref. Minutes No. 7 dated 11.03.2016).

3.3. To assign a task to approve the following documents by 15 October 2016, considering effective date of those documents as October 2016, 2016 to the Chairman of the Management Board of Vozrozhdenie Bank:

  • Regulations on compensations of the employees of Vozrozhdenie Bank,
  • Regulations on bonuses of the employees of Vozrozhdenie Bank,
  • Procedure and criteria of selection of the employees exposed to risks of Vozrozhdenie Bank,
  • List of employees of Vozrozhdenie Bank, exposed to risks.

On item № 4 “Approval of the report on payment of large remunerations by Vozrozhdenie Bank for the year of 2015”:

4. To acknowledge the report on payment of large remunerations by Vozrozhdenie Bank for the year 2015.

On item № 5 “Approval of the Activity Plan for Improvement of Corporate Governance at Vozrozhdenie Bank for 2016 and 2017”:

5.1. To approve the Action Plan for Improvement of Corporate Governance at Vozrozhdenie Bank for 2016 and 2017.

5.2. To direct the Management Board of Vozrozhdenie Bank to manage implementation of the measures on improvement of the Corporate Governance in accordance with the Plan approved.

On item № 6 “Approval of related-party assignments of rights (claims)”:

6. To approve the transactions carried out by Vozrozhdenie Bank, which are the transactions with a related party, Promsvyazbank PJSC, for the amount exceeding 3 percent of the Bank’s equity (capital) as of the last reporting date preceding the date of the transactions, on the conclusion of agreements on the assignment of rights (claims)/transfer of rights and obligations (hereinafter — the assignment agreements).

Under the assignment agreements, Promsvyazbank PJSC transferred to Vozrozhdenie Bank the rights (claims) under the credit agreements referred to in the Annex No.1 to the Minutes.

Key terms and conditions of the transaction shall be in accordance with the terms previously approved by the Meeting of the Management Board of Vozrozhdenie Bank (ref. Minutes No. 59 dated 26.08.2016).

On item № 7 “Approval of the Regulations on the Corporate Secretary of Vozrozhdenie Bank”:

7. To approve the Regulations on the Corporate Secretary of Vozrozhdenie Bank.

On item № 8 “Introduction of amendments into the labour contract with the Chairman of the Management Board of Vozrozhdenie Bank”:

8.1 To introduce amendments, specified in the Annex No. 2 to the Minutes, into the labour contract with Konstantin Vladimirovich Basmanov, Chairman of the Management Board of Vozrozhdenie Bank.

8.2. To commission Dmitry Nikolayevich Ananyev, Chairman of the Board of Directors of Vozrozhdenie Bank, to sign an additional agreement to the valid labour contract, containing amendments specified in Annex No. 2 to the Minutes, with Konstantin Vladimirovich Basmanov, Chairman of the Management Board of Vozrozhdenie Bank.

2.3. Date of holding the meeting of the Board of Directors where the relevant resolutions were adopted:

September 23, 2016.

2.4. Date and number of the Minutes of the Board of Directors meeting when the relevant resolutions were adopted:

September 26, 2016, Minutes № 6.

3. Signature

3.1. Chairman of the Management Board
Vozrozhdenie Bank



(signature)

Konstantin Basmanov

3.2. September 26, 2016

Seal