22.06.2007 /Investing TransCreditBank successfully placed its bonds at a tender - TransCreditBank placed its series 01 and 02 bonds, with maturities of 3 years and 5 years, respectively, at MICEX. Total size of the transaction is RUR6 bn. The issues carry semiannual coupons, and the 5-yr offering provides for a put option 2 years after the launch at par.

22.06.2007 /Investing Syndication is formed to place ZAO Russian Sea bond issue - VTB Bank has announced of a syndication formed to place a debut bond issue by ZAO Russian Sea, which is guaranteed by ZAO Russian Fish Company, series 01 and worth RUR 2 billion. Co-arranger of the issue is Bank ZENIT.

22.06.2007 /Investing VTB arranges a syndicated loan for JSC Belagroprombank - The loan worth RUR 1 billion is extended for a year with annual interest rate 9.7%. JSC VTB Bank acted as arranger and placement agent of the loan.

22.06.2007 /Operations European Trust Bank Starts Cooperation with Uzbekistan National Bank in Migom Money Transfers - Migom money transfer system is a project of the European Trust Bank launched in 2002. Today Migom comprises 4,000 outlets in Russia and the CIS countries.

22.06.2007 /Operations 28 the regional branch of TransCreditBank starts to operate in Brynsk - The new regional entity will focus on provision of comprehensive services to units the Bryansk Division of Moscow Railroad, a branch of JSC RZhD, to other companies of the rail operating in this region, as well as to their partners – transport, engineering, utility and other companies.

22.06.2007 /Bank's Ratings Moody's Interfax rates TransCreditBank's RUR bonds at AA3.ru - Moody's Interfax Rating Agency assigned Aa3.ru rating to TransCreditBank's 3-yr RUR bonds, and on June 13 the same rating was assigned to the Bank's 5-yr RUR bonds by national scale, which corresponds to the issuer's rating. The outlook is "under review for potential upgrade".