13.12.2007 /Investing TransCreditBank Is On Top 10 List of Bond Arrangers - All in all TransCreditBank arranged bond issues for the total of RUR15.967 bn, making the Bank #6 both in the aggregate arranger rating and in the corporate bond rating. TransCreditBank arranged 10 deals for 9 issuers.

13.12.2007 /Investing TransCreditBank Arranges a Sub-Sovereign Bond Issue of Irkutsk Oblast - The maturity of the bond is 4 years with coupon payments to be made each 4 months. The interest rate for coupons 2-4 is equal to the 1st coupon rate less 0.5% p.a., rates for coupons 5-7 equal the 1st coupon rate less 1%, and coupons 8-12 have the rate which is equal to the 1st coupon rate less 1.5% p.a.

13.12.2007 /Investing TransCreditBank Arranges Debut Bond Issue of ZAO Zheldoripoteka - The whole issue was placed through an exchange auction where 27 bids were met. Upon analysis of bids made during the auction the issuer decided to set the rate for coupons 1-3 at 12.5% p.a. translating into 12.89% yield 1.5 years after the launch date when the put option may be exercised.

13.12.2007 /Investing The mutual investment fund "Rublyovka - a money market fund" has been established - Starting from today it becomes possible to acquire the shares in the mutual investment fund "Rublyovka — a money market fund" at the estimated value of the share (determined on a daily basis) on any business day at the branch offices and subdivisions of the Bank of Moscow all over the country.

19.12.2007 /Investing VTB24 announces preliminary results of an offer for VTB North-West shares. - More than 10% of VTB North-West shares were acquired, more than half of them the shareholders preferred to exchange for the shares of OJSC VTB Bank, the rest - to sell at RUR 41.72 per share. During the specified period over 10 thousand of VTB North-West shareholders used the opportunity offered by VTB24.

21.12.2007 /Investing Transfer of 75% of TransCreditBank Stock to JSC RZhD Completed - An entry was made to TransCreditBank share register to record passing of title to 1,243,725,000 ordinary shares to JSC Russian Railways. The process was launched by Decree #178 signed by President of the Russian Federation V.V.Putin on February 15, 2007.

22.12.2007 /Investing Alfa-Bank’s analysts: total IPO and SPO at year-end to exceed $32 bn. - Russian IPO and SPO market will, at year-end, reach a record volume of $32 bn, with nearly 40 placements ranging from $29 bn to $54 bn expected in 2008. Among the investors are: banks, metallurgical, electric power and real estate companies.

24.12.2007 /Investing Coupon Payments on OGVZs - Vnesheconombank made a payment in the amount of 159 375 000.00 US dollars to pay interest on 1998 OGVZs. The payment was made in a single currency. The funds were transferred to Citibank N.A., London Office.

25.12.2007 /Investing VTB North-West offer final results. - 129,947,886 shares were purchased or exchanged, which accounted for 10.31% of VTB North-West authorized capital. Half of those shares were exchanged for VTB shares, and the rest was sold by investors. 10,101 shareholders participated in VTB 24 offer through VTB North-West sales network.

25.12.2007 /Investing The Bank of Moscow's Managing Company has summarized the results for the next interval of "Kuznetsky Most" unit investment trust - The results of the interval prove that the net cash inflow into the fund was in the amount of RUR 28.5 mln. The net asset value of Kuznetsky Most unit investment trust was found to reach RUR 1.8 bln. The value of investment share in the fund was amounted to RUR 3,787.35 as of the closing date.

25.12.2007 /Investing MBRD Ñonsolidates 66% of EWUB - As of the second half of 2007, MBRD owned 17% of shares, 34% were held by Sistema JSFC and 49% belonged to VTB Group. After the purchase of 49% from VTB Group Sistema JSFC and MBRD consolidated 100% of EWUB shares.

27.12.2007 /Investing VTB announces the disposal of its EADS stake - VTB Bank has sold its stake (over 5%) in EADS amounting to 41,056 thousand shares to the State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)".

13.01.2008 /Investing No point in waiting for bonds rates to be cut down at primary market - With record high for the last seven years inflation growth (14.2% for 11 months of 2007), the NBU was forced to increase the cost of money at the domestic market by tightening monetary policy (increase of provisioning ratios, credit operations rates, etc.).

21.01.2008 /Investing Board of Directors of TransCreditBank Proposes an Increase of the Authorized Stock - The Board decided to convoke an extraordinary shareholder meeting and propose to shareholders an increase of the Bank's authorized stock by issuing 600,000,000 additional ordinary registered shares of RUR1 face value each.

22.01.2008 /Investing The Pension Reserve Management Company has been issued an unlimited duration licence by FFMS - The issuing of the licence confirms the full compliance of the activities of the Pension Reserve Management Company with the FFMS requirements imposed on management companies.

23.01.2008 /Investing On Accepting Fifth Tranche OVGVZs for Redemption - Vnesheconombank's Custody Department accepts OVGVZs from their holders to pay the last coupon and redeem the said bonds.

25.01.2008 /Investing Payments on 1998 Eurobonds - Vnesheconombank made a payment in a total amount of 190 651 890,00 US dollars to pay interest on 1998 Eurobonds. The payment was made in a single currency. The funds were transferred to Citibank N. A., London Office.

30.01.2008 /Investing Bank of Moscow has announced the purchase of 50% of the shares in ÎÀÎ KAB Bezhitsa-Bank - During the additional issue, Bank of Moscow became the owner of 50% of the shares in Bezhitsa-Bank. Let us note that Bank of Moscow's plans are to raise its ownership interest in the capital of Bezhitsa-Bank to 90%.

30.01.2008 /Investing The number of unallocated bullion accounts opened with the Bank of Moscow had trebled - All subsidiaries and branches of Bank of Moscow offer services involving the opening and maintenance of Unallocated Bullion Accounts in gold, silver, platinum and palladium.

05.02.2008 /Investing ZAO KARAT Exercised Buy-Back Option Relating to Issue II Bonds - In the offering process ZAO KARAT purchased 131,302 (one hundred thirty one thousand and thirty two) bonds, or 26.26 % of the total loan. On December 14, 2007, ZAO KARAT set the interest rate for the 3rd coupon period at 15 % per annum or 74 (seventy four) rubles 79 kopecks per bond.

05.02.2008 /Investing Azbuka Vkusa Exercised Buy-Back Option for Issue I Bonds - The issue calls for 12 quarterly coupon payments. Coupon rates were set competitively at 10.99% per annum for coupon periods 1-6. The Issuer set the rates for coupon periods 7-12 at 11.5% per annum.

05.02.2008 /Investing Bank ZENIT's Bond Reassigned to A1 Quotation List of MICEX Stock Exchange - Coupon rates were established competitively at 8.13% per annum for the first year of bond life.

07.02.2008 /Investing TransCreditBank Becomes 100% Owner of TransCreditCard - TransCreditCard (Closed Joint Stock Company) provides to members of TransCreditBank’s group and relationship banks a variety of processing, issuance and support services for international bank cards (with services currently covering over 2.1 mln cards), manages ATM (over 1,500 units) and POS-terminal (over 1,800 units) networks.

09.02.2008 /Investing “UkrSibbank” to offer investment finance to SME - Investment finance allows SME clients to get substantial finance for the period of up to 10 years at a competitive interest rate with a grace period of up to 12 months as far as principal amount is concerned.

12.02.2008 /Investing VTB has decreased its stake in OJSC VTB Bank North-West - VTB Bank has decreased its stake in OJSC VTB Bank North-West ("VTB North-West") to 71.5% as a result of a REPO transaction with VTB North-West shares. The REPO transaction has been completed between VTB and a non-affiliated company.