23.07.2008 /Credit cards ORGRESBANK offers new insurance services to its cardholders - Maximum insurance coverage is 30 000 Roubles for Classic cards, 60 000 Roubles for Gold and 90 000 Roubles for Visa Platinum. The policy is issued by CJSC "AIG Insurance and Reinsurance Company" and is effective throughout the validity period of a card with ORGRESBANK. The maximum number of events covered is 2 per year.

23.07.2008 /Operations BARCLAYS COMPLETES THE ACQUISITION OF RUSSIA’S EXPOBANK - The acquisition of Expobank advances Barclays strategy of increasing its presence over time in emerging markets with good growth characteristics. Expobank has a substantial presence in Moscow and a growing footprint in St Petersburg.

23.07.2008 /Operations “UkrSibbank” Private Banking to cooperate with FIDUPAR company: new services of customer care - In July, Mr. Noel Didier, Director General of FIDUPAR Company, incorporated into the financial group of BNP Paribas, paid a visit to UkrSibbank Private Banking.

23.07.2008 /Financial Statements The Bank of Moscow's performance in H108 - The Bank of Moscow's equity (calculated according to the Central Bank methodology) leaped Rub 9.7 bln (18%) in the 12 months to Rub 64.8 bln as of July 1, 2008. The Bank mulls a further increase in its equity: on June 11, 2008, the Central Bank registered the prospectus for a 12th share issue by the Bank of Moscow. The number of shares to be placed is 7,358,648.