22.05.2007 /Investing KBC acquires part of IFC’s stake in Absolut Bank - IFC (the International Finance Corporation), the private sector arm of the World Bank Group - which holds the remaining 7.5% of the shares - has now decided to sell 2.5% of its shareholding to KBC, thus bringing KBC's stake in Absolut Bank to 95%. IFC will retain a 5% shareholding in Absolut Bank.

22.05.2007 /Investing Private joint stock company commercial bank "Gazbank" has attracted financing through the debut issue of credit linked notes - The issue size was USD100 mn. Bank of Moscow acted as the sole lead manager of the issue. Investment company BFA was a co-manager of the issue.

22.05.2007 /Events Russian Business Leaders Mikhail Fridman and Peter Aven Recognize Alfa Fellows - Over 50A lfa Fellowship Program Fellows, alumni, and friends gathered on the evening of May 18 to celebrate the inaugural Alfa Fellowship Program Alumni gala.

22.05.2007 /Operations VTB message: No additional investment in EADS is scheduled by JSC VTB Bank. - In light of information messages released in mass media about a possible purchase by VTB Bank of an additional stake in the European Aeronautic Defence and Space Company (EADS), JSC VTB Bank is entitled to make the following statement: No additional investment in EADS is scheduled by JSC VTB Bank.

22.05.2007 /Operations Second Diversified Payment Rights Securitisation - MDM Bank successfully established and launched the second debt issuance from a future flow diversified payment rights ("DPR") securitization program which consisted of a US$ 350 million Series 2007-A tranche.

22.05.2007 /Financial Statements Net profit of Rosbank Group increased by 23.8 % in comparison with the 2005 year, and amounted to 3.82 billion Roubles in 2006 - The total loan portfolio grew by 42.5 % to 161.2 billion from 113.3 billion Roubles, and customer deposits increased by 37.4% to 204.7 billion Roubles. The total equity of the Bank made up 28.2 billion Roubles by the end of the year.

22.05.2007 /Financial Statements UniCredit Group CEE analysis - Financial assets held by CEE households1 continued to increase, posting double-digit growth for the third year in a row to reach EUR 583 billion (+14 per cent, 2005: EUR 510 billion), or 57 per cent of GDP.

22.05.2007 /Financial Statements Bank of Moscow operating results - The balance sheet profit of the Bank of Moscow for the first 4 months of 2007 amounted to 4.7 billion roubles and its net profit to 3.8 billion roubles. The Bank's balance sheet profit for the first 4 months of this year is 84% higher than the profit for the first 4 months of 2006, and the respective net profit figure is 82% higher than last year.