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.

22.06.2007 /Investing Syndication is formed to place ZAO Russian Sea bond issue - VTB Bank has announced of a syndication formed to place a debut bond issue by ZAO Russian Sea, which is guaranteed by ZAO Russian Fish Company, series 01 and worth RUR 2 billion. Co-arranger of the issue is Bank ZENIT.

22.06.2007 /Investing VTB arranges a syndicated loan for JSC Belagroprombank - The loan worth RUR 1 billion is extended for a year with annual interest rate 9.7%. JSC VTB Bank acted as arranger and placement agent of the loan.

23.06.2007 /Investing Credit Bank of Moscow issues RUR 2 bln 3 year domestic bonds. - CBM successfully placed its third and largest domestic bond issue in amount of RUR 2 bln (c. US$77 mln) with 3 year tenor paying 9.5% the first year. The deal was rated A1.ru (positive) by Moody's Interfax Rating Agency and went 28% oversubscribed.

25.06.2007 /Investing ZAO Russian Sea debut bond issue worth RUR 2 billion is fully placed - There were 111 bids submitted by the investors, with the total volume reaching RUR 3.13 billion. The proposed first coupon rate ranged from 8.50% to 10.30% p.a., and most of the bids were within 9.49% to 9.80% p.a.

26.06.2007 /Investing Bonds of OOO "Rubezh-Plus Region" were placed in full - The rate of the 1st coupon determined during the tender accounted for 12% per annum. The rates of the 2nd and 3rd coupons are equated with the value of the 1st coupon. Consequently, the efficient bond-offer yield accounted for 12.36% per annum

06.07.2007 /Investing Currently, more and more foreign players from European countries enter Ukrainian banking market - As of today, Ukrainian banking market is penetrated by a still increasing number of foreign players from European countries and Russia.

21.07.2007 /Investing "UkrSibbank" to finalize "A" series bonds placement of the ITC "Agromat" LLC with 13.19% yield - Placement yield was determined by the Issuer based on the investors' bids, the volume of which exceeded the issue of the "A" series bonds by more than 4 times, thus providing an opportunity to cut the rate by 1.81% as compared with the nominal yield (15%).

23.07.2007 /Investing A debut bond issue of Joint Stock Bank "Russia" worth RUR 1.5 billion is fully placed - There were 32 bids submitted by the investors with the total volume reaching RUR 2.494 billion. The proposed first coupon rate ranged from 8.60% to 9.25% p.a. and most of the bids were within 8.90% to 9.10% p.a. By the arranger's estimates foreign investors purchased 20% of bonds.

25.07.2007 /Investing Investment fund units are available in all BSGV branches - Starting from July 2007 you can apply for purchase, repayment and exchange of investment funds’ units of “Management Company “Troika Dialog” and “United Financial Group “INVEST” in all BSGV Moscow branches and regional groups.

02.08.2007 /Investing "UkrSibbank" to start accepting competitive bids for B series bond purchase of LLC "City.com" - Single yield rate of B series bonds placement of LLC "City.com" will be determined on the base of the accepted bids from the investors on August 2, 2007. Profitability of primary placement is the same for all the investors within the whole period of primary placing.

26.07.2007 /Investing "UkrSibbank" to finalize "A" series bonds placement of the ITC "Agromat" LLC with 13.19% yield - The issue of the "A" series bonds of ITC "Agromat" LLC was placed at a single yield of 13.19% per annum. 10 investors including banks, financial companies and asset management companies were among the buyers of the bonds.

01.08.2007 /Investing Bank of Moscow sole lead-managed RUB8.3 bn. Eurobond issue, secured by lease payments from OJSC «Moscow United Electricity Distribution Company» - Bank of Moscow has launched the debut issue of securitized Eurobonds for leasing company Business Alliance (BA) with an issue size of RUB8.3 bn. The rate was set at 8.875% for a 5 year tenor. The coupon and amortization is paid quarterly.

01.08.2007 /Investing LOCKO-Bank successfully placed Rb 3 billion eurobond issue strengthening its position on the international capital market - Twenty seven accounts took part in the deal with asset managers with 48%, banks 34%, hedge funds 12%, private investors and private banks 6%. UK investors allotted 40%, Switzerland 13%, Russia 22%, the Netherlands 9%, Germany 6%, US offshore 10%.