13.02.2008 /Investing Attention: Holders of OJSC Lipetskcombank Securities - If you decide to sell your shares in OJSC Lipetskcombank, you need, during the period from January 10, 2008, to March 25, 2008, to submit to OJSC Bank ZENIT an Application for the Sale of Shares and a Transfer Order completed in block capitals.

13.02.2008 /Investing GBMF Vechnye Tsennosti (Perpetual Values) posted the highest returns for January 2008 (+9.46%). - General Bank Management Fund Vechnye Tsennosti (Perpetual Values) invests its customers' money into precious metals. The Fund's assets include both gold and silver derivatives and bullion.

14.02.2008 /Investing JSB ORGRESBANK arranges the debut issue of bonds for OJSC "Bank "Kazansky" of 1 bln RUB - The bond issue of OJSC "Bank "Kazansky" of 1 bln RUB was registered by the Central Bank of Russia as of 24 January 2008. The bonds maturity is three years. The bonds have six coupons, the coupon period is 6 months.

14.02.2008 /Investing In 2007 Rosbank placed 124 bln. roubles for debt financing - As an underwriter, The Bank placed 46 bond issues totalling 124 bln. Roubles, or 24 % of Rouble-denominated bonds in 2007.

19.02.2008 /Investing MBRD's Emission - According to the meeting results, bonds will be placed with public offer for subscription in two tranches. Total amount of securities is 6,000,000 shares with a par value of 1,000 RUB each.

20.02.2008 /Investing TransCreditBank Shares Trading on MICEX - Ordinary stock of the Bank totaling 1.658 bn shares at RUR1 face value each was admitted to MICEX. Trades were priced in the RUR7.5 - 8 range, with the average price per share of RUR7.57.

20.02.2008 /Investing TransCreditBank's Equity to Increase by RUR 4.8 bn - TransCreditBank's shareholders decided to place 600 mln additional ordinary registered shares of RUR1 face value each to be issued as entries to account.

22.02.2008 /Investing Bank ZENIT Paid Coupon On Issue II Bonds - Bank ZENIT paid coupon 4 on issue II bonds on February 18, 2008. Coupon interest at a rate of 8.39% p.a. , or 42.06 rubles per bond, was paid to bondholders in relation to coupon period 4. The total amount of paid coupon income was equal to 84,120,000 rubles.

22.02.2008 /Investing Bonded loan of ZAO Mikoyan Meat Packing House is successfully placed on FB MMVB - The loan amount totalled 2 billion rubles. In the course of auction sales, 16 investors represented 36 bids at annual rates varied from 10.75% to 12%. The demand exceeded 2.5 billion rubles. Over 30% of the demand was secured by the investors with foreign participation, about 20% were secured by the demand from the investment companies and private investors.

27.02.2008 /Investing “Agromat” LTD ends up the allocation of Ñ series bonds with a 13.5% yield per annum - Currently the first issue of bonds by "Agromat" LTD to amount to UAH 100 mln is in circulation. The issue was allocated in 2007 to feature the oversubscription by more than 2.7 times.

03.03.2008 /Investing MIRAX GROUP Repays First CLN Issue - MIRAX GROUP fully repaid its first US$100m credit-linked note (CLN) issue, including a US$22.7m portion that was repaid on February 27, 2007, when the note holders used a call option. The CLN's had a two-year maturity.

04.03.2008 /Investing The next interval of Unit Investment Trust "Kuznetskiy most" is declared open - For the period from March 01 to March 14, you can buy and sell shares of the Fund in 343 agency offices which are open for operations with investment shares located all over Russia.

06.03.2008 /Investing TransCreditBank Arranged the Debut Bond Issue of JSC TransContainer - The issue matures in 5 years. The face value of a bond is RUR1,000. The bond carries 10 semiannual coupons. Bondholders may put the bond for early redemption 1 year after the launch of the offering.

07.03.2008 /Investing MBRD Increases Its Authorised Capital - MBRD has approved the agenda for the extraordinary meeting of shareholders to consider a proposal of increasing the Bank's authorised bank capital through the issue of ordinary shares.

07.03.2008 /Investing The Bank of Moscow announces certain changes to its ownership structure - President of the Bank of Moscow Andrei Borodin and Deputy Chairman of the Board of Directors Lev Alaluev have announced that they have additionally gained control over a number of companies holding 8.9% of the authorised equity capital of the Bank of Moscow.

13.03.2008 /Investing OJSC VTB Bank (VTB) completes a REPO transaction - As a result, VTB stake in VTB NW increased from 71.5482% to 86.4572%. The REPO was carried out as a standard commercial trade with an unaffiliated company.

21.03.2008 /Investing Credit Bank of Moscow issues RUR 2 bln 3 year domestic bonds - We anticipated the coupon rate to be 11.2-11.5% and our expectations proved reasonable. We regard the fourth bond offering as successful, - says Roman Avdeev, Chairman of the Board – President.

24.03.2008 /Investing The Management Company of the Bank of Moscow informs its clients of upgraded possibilities in share exchange - Now the shareholders of the Management Company of the Bank of Moscow are able to conduct exchanges between all the open funds of the company. The sole exception is the "Kuznetsky most" fund which is interval.

27.03.2008 /Investing Alfa-Bank arranges first-ever placement of exchange-traded bonds, a new financial instrument in Russia - Investors' demand for the securities substantially exceeded the declared volume of the issue. Some 86 proposals were received, with a total of 2,373 bln rubles in bonds placed through open subscription, or 159% of the volume of the issue. The coupon rate is fixed at 12.25% per annum.

01.04.2008 /Investing TransCreditBank Underwrites the Debut Bond Issue of JSC RBK - The issue was placed in MICEX trading system on March 25, 2008. The issue size is RUR 1.5bn. The issue matures in 1 year. Par value is RUR 1,000/bond.

02.04.2008 /Investing “UkrSibbank” will shortly increase authorized capital by UAH 930 mln - Recently general meeting of UkrSibbank's shareholders took place in Kyiv. It has been resolved to increase the authorized capital of the Bank by UAH 930 mln. up to UAH 4 bln. 5 mln.

02.04.2008 /Investing TransCreditBank's Bond Listed in MICEX - MICEX included in B List and allowed with effect from March 28, 2008 trading in TransCreditBank's straight bonds series 01 (par value - RUR 1,000; number of securities in the issue - 3,000,000 units) and series 02 (par value - RUR 1,000; number of securities in the issue 3,000,000 units).

14.04.2008 /Investing The Bank of Russia Registers TransCreditBank's Additional Stock Issue - The issue will be placed by closed subscription with Non-Trading Organization "Non-government Pension Fund "Blagosostoyanie" at RUR8 per additional share.

15.04.2008 /Investing City authorities continue controlling Bank of Moscow - The Moscow Government holds a direct and an indirect interests in the capital of OAO The Bank of Moscow. The direct interest amounts to 43.99% of The Bank of Moscow's shares that are owned by the City's Department of Property, the indirect 15.37% ownership is assured through OAO Moskovskaya Strakhovaya Kompaniya.

16.04.2008 /Investing Alfa-Bank and “UkrSibbank” start initial offering of bonds of First Ukrainian International bank - Emission volume of the bonds makes up UAH 300 mln. (USD 59.4 mln.), maturity – 3 years (redemption date – April 8-9, 2011). According to the terms of emission nominal yield for 1-2 interest periods makes up 13.5% p.a., interest income is paid up once a half-year. The bonds stipulate annual offer.