30.05.2008 /Investing TransCreditBank Underwrites 5th Bond Issue of JSC North-West Telecom - The issue consists of 3,000,000,000 securities of RUR1(one) face value each. The issue matures in 5 years. The coupon rate is equal tot the sum of 3-months MosPrime rate (6.28% p.a. as of 25.05.08) set on the last day of each coupon period and 212 b.p. premium (2.12% p.a.) set at the auction.

30.05.2008 /Operations Changes in Vnesheconombank Supervisory Board Membership - The Order terminates the membership of S.E. Naryshkin and V.N. Putilin in the Supervisory Board of State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)'.

30.05.2008 /Financial Statements BIN Bank's Consolidated Financial Statements for the three month period - The growth of assets (RUR 65,9 bln. against RUR 64,3 bln. as of the end of 2007), equity (RUR 8,7 bln. against RUR 8,4 bln. as of the end of 2007) and loan portfolio (RUR 42,2 bln. against RUR 38,7 bln. as of the end of 2007).

30.05.2008 /Personal loans The credit portfolio of the Volgograd branch of the Bank of Moscow has topped 8 billion roubles - The branch is working successfully both in lending to legal entities and individual entrepreneurs, the volume of loans amounting to 5.3 billion roubles, and in the sphere of lending programmes private individuals.

30.05.2008 /Investing VTB meets for the first time with minority shareholders - VTB held a meeting with minority shareholders on 28 May 2008 in order to improve the performance information transparency. The event, which took place on LenExpo Fairgrounds, St.-Petersburg, gathered more than 300 shareholders where VTB Deputy Chairpersons Vasily Titov and Yulia Chupina and the Board Member Nikolai Tsekhomsky spoke.

30.05.2008 /Events VTB Chief Executive Andrei Kostin visits Armenia - In the course of the visit, the President of the Republic of Armenia Serge Sargsyan met with VTB Head. Andrei Kostin congratulated Serge Sargsyan on his inauguration and discussed with him outlook for larger investment cooperation of companies and financial institutions from both countries.

30.05.2008 /Operations The Bank of Moscow Group has joined a syndicate to finance construction of the GM motor works in St. Petersburg - The new GM plant will be the main site for the car-manufacturer. The plant will have a production capacity of 77 thousand vehicles a year. It is planned to launch production in the autumn of 2008.

30.05.2008 /Bank's Ratings VTB Bank is declared the best custodian in Russia - VTB Bank Custodian won the National Contest "Stock Market Elite" for 2007 in the Best Custodian nomination. The National Association of Securities Market Participants (NAUFOR) has held the contest since 2000, and among its winners are Russian securities market professional participants with best performance and high service quality for the past year evaluated by market players.