Resolutions of the Board of Directors of Vozrozhdenie Bank

1 September
Resolutions 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. Quorum of the meeting of the Board of Directors presents.
Voting results:
resolutions on all the items of the agenda were made by a majority of vote of the Board of Directors members participating in the meeting.

2.2. Content of resolution of the Board of Directors disclosed in accordance with the applicable legislation:
On item 1 “Approval of the Report on observation of principles and recommendations of the Corporate Governance Code recommended for application by the Bank of Russia”

  1. To approve the Report on observation of principles and recommendations of Corporate Governance Code by the Vozrozhdenie Bank in 2015 and include it in the annual report of the Vozrozhdenie Bank for 2015.

On item 2 “On preliminary approval of the Annual report of Vozrozhdenie Bank for 2015”

  1. To approve preliminarily the Annual report of the Vozrozhdenie Bank for 2015 and to submit it for approval to the annual General meeting of shareholders of the Vozrozhdenie Bank on June 30, 2016.

On item 3 “On recommendations to the annual General meeting of shareholders regarding distribution of profits (losses) for 2015 and payment of dividends for 2015”

3. To recommend the annual General meeting of shareholders to use a part of the retained profit of past years for recovery of loss in the amount of 4,701,183,962 (four billion seven hundred and one million one hundred and eighty-three thousand, nine hundred and sixty-two) rubles 76 kopecks suffered by Vozrozhdenie Bank at financial year-end 2015.

On item 4 “On consideration of the recommendations of the Human resources and compensation Committee in respect of remuneration paid to Members of the Board of Directors of Vozrozhdenie Bank as year-end bonus and making recommendations to the annual General meeting of shareholders”

4. Taking into account the recommendations of the Human resources and compensation Committee to the annual General meeting of shareholders of Vozrozhdenie Bank to make the following decisions with regard to payment of remuneration as 2015 year-end bonus and reimbursement of expenses to the members of the Board of Directors:

4.1. To pay remuneration to members of the Board of Directors/Chairpersons of Committees of the Board of Directors elected at the annual General meeting of shareholders of Vozrozhdenie Bank on 01.06.2015:
— I.A. Lozhevsky (Chairman of the Strategy Committee of the Board of Directors) in amount of 1,000,000 (one million) rubles;
-Yu.S. Osipov (Chairman of the Audit Committee of the Board of Directors) in amount of 1,000,000 (one million) rubles;
-M.A. Eskindarov (Chairman of the Human resources and compensation Committee of the Board of Directors) in amount of 1,000,000 (one million) rubles;
— L.V. Makarevich (member of the Audit Committee of the Board of Directors, member of the Human resources and compensation Committee of the Board of Directors) in amount of 750,000 (seven hundred and fifty thousand) rubles;
-N.S. Mikhalkov in amount of 600,000 (six hundred thousand) rubles;
— not to pay remuneration to the Chairman of the Board of Directors, Executive Directors (members of the Management Board and the Chairman of the Management Board) and other members of the Board of Directors.

4.2. To pay remuneration to the Member of the Board of Directors/Human resources and compensation Committee of the Board of Directors elected at the extraordinary General meeting of shareholders of Vozrozhdenie Bank on 27.11.2015 — M.A. Eskindarov in amount of 5,250,000 (five million two hundred fifty thousand) rubles.

4.3. To reimburse to Members of the Board of Directors the documented travel and accommodation expenses incurred in connection with the arrival to Vozrozhdenie Bank to participate in the meeting of the Board of Directors.


4.4. The remunerations shall be paid until July 15, 2016.
On item 5 “On consideration of recommendations of the Human resources and compensation Committee in respect of candidates for election to the Board of Directors and the Audit Commission of Vozrozhdenie Bank”

5.1. To agree to the recommendations of the Human resources and compensation Committee of the Board of Directors of Vozrozhdenie Bank on the results of the assessment of professional expertise, reputation, experience, knowledge and managerial capacities proposed by the shareholder of Vozrozhdenie Bank — Promsvyaz Capital B.V. and included in the list of candidates by the Board of Directors (Minutes of the Meeting # 5 dated 04.02.2016) and recognize the following candidates complying to the requirements for election to the Board of Directors at the annual general meeting of shareholders of Vozrozhdenie Bank

1. Alexey N. Ananiev
2. Dmitry N. Ananiev
3. Konstantin V. Basmanov
4. Tamjid H. Basunia
5. Andrey V. Zhupanov
6. Dmitry E. Lavrentiev
7. Otar L. Margania
8. Nikolai D. Orlov
9. Viktor A. Pichugov
10. Vladislav N. Khokhlov
11. Dmitry V. Chekalkin
12. Mukhadin A. Eskindarov

5.2. To agree to the recommendations of the Human resources and compensation Committee of the Vozrozhdenie Bank on the results of the assessment of professional expertise and experience proposed by the Shareholder of the Vozrozhdenie Bank — Promsvyaz Capital B.V. and included in the list of candidates by the Board of Directors (Minutes of the Meeting # 5 dated 04.02.2016) and recognize the following candidates complying to the requirements for election to the Audit Committee at the annual general meeting of shareholders of the Vozrozhdenie Bank (PAO): A. A. Kargachev, I.V. Golubeva, T.Yu. Borisova, A.N. Volynkin
On item 6 “On consideration of draft amendements introduced to the Articles of Association and internal documents of Vozrozhdenie Bank”

6.1. Approve and submit for approval to the annual General meeting of shareholders the draft of Amendments No. 3 introduced to the Charter of Vozrozhdenie Bank.

6.2. Approve and submit for approval to the annual General meeting of shareholders the drafts of the following documents:
— Regulations on remunerations and compensations to be paid to members of the Board of Directors of Vozrozhdenie Bank as revised:
— Amendments #1 introduced to the Regulation on Executive Bodies of Vozrozhdenie Bank
On item 7 “On recommendations with respect to transactions between Vozrozhdenie Bank and relevant parties that can be approved by the annual General meeting of shareholders for the period until the next annual general meeting of Bank’s shareholders”

7.1. To approve transactions between Vozrozhdenie Bank and relevant parties referred to in the Decision’s Annex, as well as their spouses, parents, children, whole blood and half-blood brothers and sisters, adoptive parents and adopted children and (or) their affiliates that may be performed in future in ordinary course of business of the Vozrozhdenie Bank including bank operations, transactions stipulated by the Federal Law “On banks and banking activities” as well as the transactions performed by the Vozrozhdenie Bank in course of activities on the securities market for the period until the next annual General meeting of shareholders at year-end 2016 in the maximum amount of 20,000,000,000 rubles. Transactions between the Vozrozhdenie Bank and relevant parties shall be performed on standard (market) conditions in accordance with the legislation of the Russian Federation and existing contractual commitment of Vozrozhdenie Bank.

7.2. To approve transactions between Vozrozhdenie Bank and Promsvyazbank PAO that may be performed in future in ordinary course of business of Vozrozhdenie Bank including bank operations and transactions stipulated by the Federal Law “On banks and banking activities” as well as the transactions performed in course of activities on the securities market for the period until the next annual General meeting of shareholders at year-end 2016 in amount of up to 25% of the book value of assets of Vozrozhdenie Bank determined according to its accounting data as at the last reporting date for each transaction.
On item 8 “On approval of the form and text of ballot paper for the annual General meeting of shareholders”

8. To approve the form and text of ballot paper for voting at the annual General meeting of shareholders of Vozrozhdenie Bank on June 30, 2016.
On item 9 “On determining the list of information (materials) provided to shareholders while preparing for the annual General meeting of shareholders and the procedure of its submission”

9. To approve the following list of information (materials) provided to the persons entitled to participate in the annual General meeting of shareholders of Vozrozhdenie Bank on June 30, 2015:

1) Annual report of Vozrozhdenie Bank for 2015.
2) Annual financial statements for 2015 with auditor’s report.
3) Report of Audit Commission on the results of inspection of financial and operational activities of Vozrozhdenie Bank for 2015.
4) Recommendations of the Board of Directors for distribution of profits (losses) and payment of remuneration to the members of the Board of Directors.
5) Information on candidates to the Board of Directors, Audit Commission, information on availability or absence of a written consent of the persons nominated for election to a relevant body.
6) Information on Bank’s Auditor candidate.
7) Evaluation of the auditor’s report by the Joint Stock Company “PricewaterhouseCoopers Audit” for 2015 performed by the Audit Commission of the Board of Directors.
8) Draft of Amendments #3 introduced to the Articles of Association of Vozrozhdenie Bank.
9) Draft of Regulations on remunerations and compensations for members of the Board of Directors of Vozrozhdenie Bank as revised.
10) Draft of Amendments #1 introduced to the Regulation on Executive Bodies of Vozrozhdenie Bank.
11) Information required by the valid legislation of the Russian Federation on shareholders’ agreements entered into during the year prior to the date of holding the annual General meeting of shareholders.
12) Information and draft decisions of the annual General meeting of shareholders for each item on the agenda.
The information (materials) provided to the persons entitled to participate in the annual general meeting of shareholders of Vozrozhdenie Bank is available to the above individuals at the registered office of Vozrozhdenie Bank from May 30, 2016 during business hours (from Monday to Thursday from 9:00 a.m. to 06:00 p.m. Moscow time), Friday from 9:00 a.m. to 04:45 p.m. Moscow time) at: 7/4 Luchnikov Pereulok, bldg. 1, Moscow, 101000, Russia The above information (materials) will be available to persons attending the general meeting of shareholders during holding thereof.
On item 13 “On the approval of the Registrar of the Vozrozhdenie Bank and agreement terms and conditions with it”


13.1. To approve new Registrar of Vozrozhdenie Bank, the Closed Joint-Stock Company “RDC PARITET (location: 12, Kochevnichesky pereulok 2, bld. 2, 115114, Moscow, TIN 7723103642, license for conducting of activities on maintenance of register No. 10-000-1-00294 issued by the Federal Service for Financial Markets on 16.01.2004).

13.2. To approve the terms of the Contract for rendering of services on maintenance of register of register of registered securities with Closed Joint-Stock Company “RDC PARITET”.


13.3. To assign the Chairman of Bank’s Management Board K.V. Basmanov to sign on behalf of Vozrozhdenie Bank the Contract for maintenance of register with the Closed Joint-Stock Company “RDC Paritet”.

2.3. Date of the meeting of the Board of Directors of Vozrozhdenie Bank when the relevant resolutions were adopted: May 20, 2016.

2.4. Date and number of the Minutes of the Board of Directors meeting when the relevant resolutions were adopted: May 23, 2016, Minutes № 12.

2.5. Type, series and other identification characteristics of the securities in relation to which the rights are executed:
— ordinary non-documentary registered shares, state registration number 10101439B, date of state registration April 12, 1991, ISIN RU 0009084214;

— preference non-documentary registered shares with the fixed rate of dividend, state registration number 20201439В, date of state registration March 6, 2002, ISIN RU 0009100127.

3. Signature

3.1.Chairman of the Management Board
Vozrozhdenie Bank



(signature)

Konstantin Basmanov

3.2.May 23, 2016

Seal