12.08.2008 /Home mortgage MBRD Extends Maximum Loan Limit on “Wooden Houses” Loan Program - MBRD brings up to 3,000,000 RUB maximum loan amount on "Wooden Housing" program for the "ABS Stroy" Company.

12.08.2008 /Personal loans MBRD Launches New Federal “Agrarian Mortgage” Program - Target loan – for acquisition land and property units located on it; General-purpose loan – for financing of the large-scale outlays on security of land and property units located on it.

12.08.2008 /Auto loans 500 clients of “UkrSibbank” are monthly granted car loans directly at car showrooms - UkrSibbank is a second-to-none in car lending. Since the program has been launched in 2001, the number of borrowers exceeded 63K. The Bank grants up to 3000 car loans every month.

12.08.2008 /Investing TransCreditBank Arranges the Debut Bond Issue of Kraiinvestbank - The size of issue is RUR600 mln, the face value of each bond is RUR1,000. The bond matures in 3 years. There will be 6 semiannual coupon payments under the terms and conditions of the issue. The issuer also offers a call option at par 1 year after the launch.

12.08.2008 /Investing VTB announces terms of compulsory buyout offer to VTB North-West shareholders - As a holder of more than 75 per cent of an open joint stock company’s shares, VTB made a public (or statutory) offer to acquire VTB NW shares from 14 April to 23 June 2008. As a result, VTB acquired 129,928,754 shares, which accounted for 10.3038 per cent of VTB NW’s charter capital.

12.08.2008 /Operations VTB Group provides a USD 1.5bn loan facility to OAO Kamskaya Gornaya Kompaniya - The loan facility provided by VTB Group allowed OAO Kamskaya Gornaya Kompaniya to settle the payment for the deposit development licence on time and in full.

12.08.2008 /Operations VTB Finances AFI Development Group - VTB Bank builds up its cooperation with real estate and construction companies and has set a three-year lending limit of RUR 9.9 bln for AFI Development Group.

12.08.2008 /Operations VTB Bank Europe plc takes part in the open tender for the Pulkovo airport development project - Overall 9 prequalification applications have been submitted, out of which 7 have been selected for further participation in the Tender. As the next stage of the Project’s implementation, the bidders will prepare and submit their bids to the Tender Committee by no later than the 5th February 2009. The successful bidder is expected to be announced in mid-March 2009.