23.04.2007 /Investing Notification on the nearest SlavinvestBank offer (May 8, 2007) - The Agent of the Issuer on the purchase of Bonds, that acts on its own behalf but on the Issuer's account is Bank ZENIT.

25.04.2007 /Investing VTB announces indicative price range - The indicative price range has been set at 11.30 kopecks to 13.90 kopecks per Share, which equates to $8.77 to $10.79 per GDR, based on the official exchange rate quoted by the CBR of 25.7760 rubles per US dollar on April 25, 2007 and with each GDR representing 2,000 Shares.

26.04.2007 /Investing TransCreditBank Co-arranges the 3rd Bond Issue of JSC Lenenergo - The bond offering will be launched in the trading system of JSC MICEX Stock Exchange on April 25, 2007. The bond size is RUR3bn with par value of RUR1,000 per bond.

29.04.2007 /Investing Transcapitalbank successfully placed its debut US $175mn Eurobond issue - The coupon was fixed at 9.125% p.a. Settlements are to be made through Euroclear / Clearstream. The joint lead managers are ABN AMRO Bank and Deutsche Bank. The notes are to be traded on Irish Stock Exchange.

03.05.2007 /Investing Price set for 3 million share issue of Vozrozhdenie Bank - The Board of Directors of Vozrozhdenie Bank has set the price for its new share issue at $59.00 or 1,520 rubles per share.

04.05.2007 /Investing Transcpitalbank became co-underwriter of the second bond loan of the "Magnesit" Group. - The interest rates proposed by the investors varied within 6.50-9.18% per annum. The tenser resulted in the initial coupon rate at 8.75% per annum set by the Issuer. Effective yield to the offer is 8.95% per annum. The issue was fully placed. 25 proposals were responded.

04.05.2007 /Investing Transcpitalbank became co-underwriter of the bond loan of LLC "Vivat-Finans". - Interest inconvertible documentary bonds payable to bearer of LLC "Vivat-Finans" with obligatory centralized custody (state reg. number 4-01-36185-R) were placed at MICEX on April, 24, 2007, with open subscription and the price 100% equal to the par value.

11.05.2007 /Investing UkrSibbank to allocate a major issue of bonds of retail trade operator "Quiza-Trade" LTD in the amount of UAH 250 mln. - UkrSibbank, which organized C series bonds' issue of "Quiza-Trade" LTD, informs, that the Emitter has completed the allocation of 5-year C series bonds in the amount of UAH 250 000 000.

11.05.2007 /Investing Transcapitalbank became co-underwriter of the debut bond loan of LLC "PIVDOM". - The obligations suppose offer 1.5 year after the loan placement. The volume is 1 billion rubles. The coupon period duration is 6 months.

12.05.2007 /Investing VTB announces pricing of Global Offering - VTB announces pricing of Global Offering at 13.60 kopecks, US$0.00528 per Share and US$10.56 per GDR

17.05.2007 /Investing Vozrozhdenie Bank places 3 million share issue, raising $177 million - The full 3 million of new ordinary shares have been subscribed for and fully paid.

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.

23.05.2007 /Investing SDM-BANK pays dividends for 2006 - Shareholders of SDM-BANK will receive dividends for 2006 in the amount 6.5 rubles for each ordinary share with par value 50.00 rubles. This equals to 13% per annum.

24.05.2007 /Investing Russian banking market remains highly attractive for foreign investors. - "Russia is expected to remain the most attractive market in Central and Eastern Europe", summarized Herbert Stepic, CEO of Raiffeisen International Bank-Holding AG and Deputy Chairman of Raiffeisen Zentralbank ?sterreich AG (RZB), at a press conference held on 20th of May in Kazan.

29.05.2007 /Investing State Registration of the Placement Report - The Central Bank of Russia registered the placement report with regard to the newly issued ordinary Shares of JSC VTB Bank. A total of RUR 57,684,788,950.35 and USD 5,749,250,755.20 were raised in the Global Offering.

26.05.2007 /Investing VTB announces start of dealing in its ordinary shares in Russia - Admission of Global Depositary Receipts (”GDRs”), each representing an interest in 2000 ordinary shares, to the Official List of the UK Listing Authority, and dealing of the GDRs on the London Stock Exchange under the symbol "VTBR", took place on May 17, 2007.

01.06.2007 /Investing JSC AVTOVAZ fully placed bond issue - JSC AVTOVAZ fully placed bond issue worth RUR 5 billion. On 29 May 2007, a full placement was made on the MICEX stock exchange of the fourth issue of documentary interest bearing bonds payable to bearer issued by JSC AVTOVAZ and worth RUR 5 billion.

02.06.2007 /Investing UkrSibbank to accept competitive bids for purchase of A series bonds of CJSC "Food Company "Podolie" - Initial placement originates on the 1st of June, 2007 and ends either on the 1st of March, 2008 or until the final bond being placed through the lead bonds issue underwriter JSCIB "UkrSibbank".

06.06.2007 /Investing Profitability of initial offer of A series bonds of CJSC “Food company "Podolie" to make up 14.4% - Profitability is determined by the Issuer based on investors' applications, the number of which 1.5 times exceeded the offer volume of À series bonds, which made it possible to reduce it by 0.6% as compared to nominal profitability (15%).

06.06.2007 /Investing Raiffeisen International: Annual General Meeting decides on an almost 60 per cent higher dividend. - The Annual General Meeting of Raiffeisen International Bank-Holding AG, held today at the Austria Center Vienna, agreed on a dividend of 0.71 euros per share for the 2006 financial year. Compared to the previous year, this amount is an increase of 26 cents or 58 per cent per share.

08.06.2007 /Investing Alfa-Bank arranges auction to sell 25.03% RAO UES stake in OGK-5 - The auction trigger price equalled the fair market value of 24,658 billion roubles (954 million US dollars) as determined by an independent valuation. The bid increment was 200 million roubles (7.7 million US dollars), with the first increment reaching 342 million roubles (13.2 million US dollars).

14.06.2007 /Investing "Credit Europe Bank" offers you to purchase, exchange or sell mutual funds under the management of "CIT Fortis Investments" - "CIT Fortis Investments" is one of the biggest players on the asset management market and suggests the largest investment product range in Russia.

15.06.2007 /Investing The third issue of NPO Saturn bonds worth RUR 3.5 billion is fully placed - There were 107 bids submitted by the investors, with the total volume reaching RUR 4.34 billion. The proposed first coupon rate ranged from 7.40% to 9.50% p.a., and most of the bids were within 8.60% to 8.80% p.a.

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.