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

12 November
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. Date of making decision to hold a meeting of Vozrozhdenie Bank Board of Directors:

January 27, 2016.

2.2. Date of holding the meeting of Vozrozhdenie Bank Board of Directors:

January 27, 2016.

2.3. Agenda of the meeting:

       1. Adoption of recommendations with regard to the mandatory tender offer (MTO) from PJSC Promsvyazbank on acquisition of the shares of Vozrozhdenie Bank.

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

Voting results:

Decision on item № 1 were taken by the majority of votes of the members of the Board of Directors participated in the meeting.

2.5. Content of decisions made by the bank’s Board of Directors on particular items disclosed in accordance with the norms stipulated by the applicable legislation:

On item № 1 “Adoption of recommendations with regard to the mandatory tender offer (MTO) from PJSC Promsvyazbank on acquisition of the shares of Vozrozhdenie Bank”:

       1. The Board of Directors of Vozrozhdenie Bank, having considered the MTO of Promsvyazbank PJSC on acquisition of 11,226,239 (Eleven million two hundred twenty-six thousand two hundred thirty-nine) ordinary non-documentary registered shares, state registration number of issue 10101439B, in accordance with the Clause 1, Article 84.3. of the Federal Law “On Joint-Stock Companies”, provides the following recommendations to the Bank’s shareholders:

              1.1. The Board of Directors determined that the MTO of Promsvyazbank PJSC complies with the requirements of Federal Law “On Joint-Stock Companies” and Regulations on requirements to certain procedures related to acquisition of over 30 per cent of shares of a joint-stock company and on state control over acquisition of shares of a joint-stock company (approved by the Bank of Russia on July 5, 2015 No.477-P). The MTO was received within the terms set by applicable legislation of the Russian Federation with the required documents attached. Bank guarantees No.IGR15/MSHD/5988 dated December 16, 2015, issued by VTB Bank (PJSC) and No.002-126-BG-2015 dated December 29, 2015, issued by Vozrozhdenie Bank, comply with the requirements of Clause 3, Article 84.2 and Clause 5, Article 84.1 of the Federal Law “On Joint-Stock Companies”.

              1.2. The Board of Directors determined that price of the securities acquired stipulated in the MTO in the amount of 533 (Five hundred thirty-three) rubles 00 kopecks per share is reasonable and complies with the requirements of Clause 4, Article 84.2 of the Federal Law “On Joint-Stock Companies”, i.e. the price of the shares acquired is determined as not less than the average weighted price, determined according to the results of trade in securities market (CJSC MICEX Stock Exchange) for the six months prior to sending of the MTO to the Bank of Russia, and according to the information provided by Promsvyazbank PJSC in the MTO, not less than the maximum price per share, at which Promsvyazbank PJSC and its affiliates acquired shares of Vozrozhdenie Bank within six months prior to sending of the mandatory proposal to the Bank. Therewith the Board of Directors recommends to take into account that as of the date of the receipt of the MTO, market value of the securities acquired is less than the price of the securities acquisition specified in the MTO.

              1.3. The Board of Directors does not exclude possible change of market value of Vozrozhdenie Bank securities acquired, including due to decrease in the officially traded quantity, due to measures within the MTO, change of the Bank’s performance, general economic conditions, change of legislation of the Russian Federation and other events and market conditions.

              1.4. The Board of Directors performed no assessment of plans of the sender of the MTO regarding Vozrozhdenie Bank, including employees of the latter, as the mandatory proposal contains no relevant information.

              1.5. Based on the above, the Board of Directors of Vozrozhdenie Bank recommends to shareholders owning ordinary non-documentary registered shares of Vozrozhdenie Bank to accept MTO of Promsvyazbank PJSC to acquire shares. Should the shareholders resolve to sell shares under the MTO, the Board of Directors of Vozrozhdenie Bank recommends to use Statements of sale of securities taking into account provisions of Clause 6.1. of the MTO to be sent or personally presented at the address specified in Clauses 6.3.2. and 6.3.3. of the MTO, in accordance with the terms and conditions of the MTO.

       2. To set the date of drawing up a list of securities owners to receive the MTO as the date of receipt of the MTO by Vozrozhdenie Bank — January 15, 2016.

       3. To send the MTO with indication of the date of receipt thereof by the Bank and recommendations of the Board of Directors of the Bank as required by the Federal Law “On Joint-Stock Companies” for notification on the General Meeting of shareholders (namely by publication at www.vbank.ru on the Internet) within 15 days after receipt of the MTO by Vozrozhdenie Bank.

       4. To notify the shareholders of Vozrozhdenie Bank of procedure for acceptance of the MTO by publication at www.vbank.ru on the Internet.

2.6. Date of holding the meeting of the Board of Directors where the relevant decisions were taken:

January 27, 2016.

2.7. Date and number of the Minutes of the Board of Directors meeting when the relevant resolutions were adopted: January 27, 2016, Minutes № 4.

3. Signature

3.1.Chairman of the Management Board
Vozrozhdenie Bank



(signature)

Konstantin Basmanov

3.2. January 27, 2016

Seal