23.03.2007 /Investing Bank Electronika Underwrites Second Bond Issue for Iskrasoft - Bank Electronika has underwritten the second issue of Iskrasoft’s corporate bond obligations. The placement occurred on March 6, 2007, in the amount of 300 million rubles.

23.03.2007 /Investing Yield of initial offering of A-series bonds of LLC "Nikopol Steel Tubes Plant "UÒ&ST" amounts to 14.5% per annum - On March 22, 2007, managing issue underwriter JSCIB "UkrSibbank" initiated an A-series bonds placement of CJSC "Nikopol Steel Tubes Plant "UÒ&SÒ".

27.03.2007 /Investing JSCIB "UkrSibbank" and JSCB "Capital" placed the bonds of CJSC "Nikopol steel tubes plant "UTiST" during one day - CJSC "Nikopol steel tubes plant "UTiST" completed placement of A series bonds in full in the amount of UAH 50 000 000.00. This placement was accomplished during just one day. Some 12 applications for the total of UAH 81.8 mln were received, which went beyond the volume of offering 1.6 times

29.03.2007 /Investing The capitalization of National Bank TRUST will increase by 4.8 billion rubles - The capital will be increased in two stages. During the 1st stage, a closed subscription subordinated loan in the amount of 1 billion rubles will be placed.

30.03.2007 /Investing Vnesheconombank Information Message - Vnesheconombank as an authorized agent for the Finance Ministry of the Russian Federation informs all the persons concerned about the list of OVGVZs with regard to which authorized bodies made decisions to seize or suspend all operations as of March 29, 2007.

31.03.2007 /Investing DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH) becomes a shareholder of TransCapitalBank. - The Share Purchase Agreement between German investment corporation DEG and TransCapitalBank related to purchase of 8,3919% ordinary shares in TCB's capital has been signed today in Moscow.

02.04.2007 /Investing Bank Electronika Underwrites Element Leasing Obligations - Bank Electronika has become co-underwriter for Element Leasing’s 600-million-ruble corporate issue placed on March 28, 2007.

05.04.2007 /Investing Belarusian Company Enters Corporate Securities Market - The Embassy of the Republic of Belaãus in Moscow will host a presentation by Pinsk industrial-trading group Polesie of its up-coming bonded debt issue. The presentation will take place on April 5, 2007.

11.04.2007 /Investing VTB initial public offering and listing on the Russian and London stock exchanges planned for May 2007 - JSC VTB Bank (“VTB”) today confirmed plans to proceed with a Global Offering of ordinary shares (“Shares”) and Global Depositary Receipts (“GDRs”) in May 2007.

11.04.2007 /Investing Bank Electronika to Pay Fourth Coupon on Its Corporate Bonds - On April 16, 2007, the Bank will make the fourth interest payment on its documentary, interest-bearing, non-convertible obligations. The bonds, Series 01 Bank Electronika, government registration 40100488Â dated June, 28, 2004, are payable to bearer.

11.04.2007 /Investing "UkrSibbank" has paid off the first Eurobonds emission of USD 100 mln - This emission refers to formation period of the Ukrainian Eurobonds market, where UkrSibbank took the leading position and retains it.

19.04.2007 /Investing KBC acquires majority stake in Absolut Bank in high-growth Russian market - The deal values the bank at ˆ761 million, 3.8 times the book value of the company. Absolut Bank is one of the fastest growing banks in Russia and has doubled its loan book year after year for the last five years.

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.