24.04.2008 /Investing OJSC CB SOTSGORBANK raised 500 million in rubles (approximately $21,300,000) on the Russian Exchange MICEX. - "Despite the difficult situation in the financial markets over the last six months, investors continue to support the growth and strategic plans of SOTSGORBANK" - said Andrei Stratulat, Treasury Director. Proceeds of the issue will be invested in the Bank's regional expansion and support its lending programs to small and medium size enterprises in Russia.

25.04.2008 /Investing Uniastrum Bank has paid the second bond issue’s coupon rate of interest - The interest of bonds paid by Uniastrum totaled 81 975 million rubles. The bond yield stands at 10, 9%. Maturity of the bond issue is 3 years and put options is 1, 5 years.

28.04.2008 /Investing TransCreditBank Co-arranges the Second Bond Issue of United Confectioners Holding - The issue consists of 3 mln. securities of RUR1,000 face value each and will mature in 5 years. The bond carries a semiannual coupon. The 1st coupon rate was set at 10.4% p.a. through a bidding process during the offering. The 2nd coupon rate is equal to the 1st coupon rate, and the issuer will set the rates for coupons 3 through to 10.

26.04.2008 /Investing List of OVGVZs transactions in which are suspended - As the authorized agent for the Finance Ministry of the Russian Federation Vnesheconombank informs all interested persons about a list of OVGVZs transactions in which are suspended and with regard to which Vnesheconombank has decisions by authorized bodies to order a seizure or suspend all transactions.

28.04.2008 /Investing The Second Bond Issue of ZAO Zheldoripoteka Arranged by TransCreditBank Fully Placed to Bidders - The issue size is RUR2.5 bn. Par value of each bond is RUR1,000. The issue matures in 4 years. The 1st coupon rate was set at 13.49% through bidding at the time of offering. The 2nd coupon rate equals the 1st coupon rate, while the issuer will set the rates for coupons 3 through to 8. The issue carries 8 semiannual coupons.

08.05.2008 /Investing Bank of Moscow announces the holding of its Annual General Meeting of Shareholders - The Bank of Moscow has announced that its Annual General Meeting of Shareholders will be held on 20 June, 2008 at 15:00 hours at: Hotel Holiday Inn Moscow Sokolniki, 24, Rusakovskaya St., Moscow. Registration of participants will open at 14:00 hours.

08.05.2008 /Investing LOCKO-Bank increases its Share Capital through a rights’ issue in the amount of RUR 600 million - Shareholders of LOCKO-Bank have fully paid in a total of RUR 600 million for the fresh share issue. The existing owners acquired pro rata portions of these newly-issued additional shares equal to the relative percentage of shares owned prior to the issuance.

08.05.2008 /Investing Russians more concerned with the protection of their savings than growing their wealth - ZAO Citibank today presented its new investment solutions for Russian affluent clients, allowing individuals to invest in international assets with as little as $10,000. Citibank also strengthens its Citigold program by introducing unique Global Access privileges for customers who travel abroad.

08.05.2008 /Investing Mr. Mikhail Shishkhanov, the majority owner of B.I.N. BANK cancelled the sale of the bank to Mr. Vadim Moshkovich - The deal, which had been announced on February 21st, 2008, involved the transfer of a 99% equity stake in the bank to Mr. Moshkovich, a senator in the Russian upper house representing the Belgorod region and a partner of RusAgro, Masshtab, and Avgur Estate.

14.05.2008 /Investing The Annual Meeting of the Shareholders of AK BARS Bank - The Annual Meeting of the Shareholders of AK BARS Bank will be held in June,18, 2008.The list of participants for Annual Meeting of the Shareholders was composed in May,7,2008.

16.05.2008 /Investing On Redeeming V-th Tranche OVGVZs and Making Coupon Payments on V-th and VII-th Tranche OVGVZs - Vnesheconombank acting as the paying agent for the Russian Federation Finance Ministry redeemed V-th tranche OVGVZs submitted by their holders for redeeming as of May 14, 2008 including those in custody accounts with Vnesheconombank. The amount of payments to redeem V-th tranche OVGVZs was 2.47 billion US dollars.

20.05.2008 /Investing Bank of Moscow has organised a successfully placed bond issue of the Republic of Karelia to the sum of 88 million roubles - "The demand for the Republic of Karelia bonds exceeded the supply by 50% at the auction", notes Igor Frolovskiy, Head of the Department for Security Issues of the Bank of Moscow. "The volume of applications to purchase the bonds topped 1.26 billion roubles".

22.05.2008 /Investing New Record Eurobond Issue by VTB - VTB successfully placed its largest Eurobond offering of U.S.$2 billion under Programme No.2 for the Issuance of Loan Participation Notes. In the Offering, U.S.$2 billion of 6.875% Notes due 2018 with a 5 year put option were issued by VTB Capital S.A. , Luxemburg, at a nominal value and listed on the Irish Stock Exchange.

30.05.2008 /Investing TransCreditBank Underwrites 5th Bond Issue of JSC North-West Telecom - The issue consists of 3,000,000,000 securities of RUR1(one) face value each. The issue matures in 5 years. The coupon rate is equal tot the sum of 3-months MosPrime rate (6.28% p.a. as of 25.05.08) set on the last day of each coupon period and 212 b.p. premium (2.12% p.a.) set at the auction.

05.06.2008 /Investing AK BARS Bank plans to arrange eurobonds - Eurobonds are distributed in the frame of approved program in the amount of $ 1.5 billion. In June, 2007 the Bank has already issued the first 3 year tranche in a volume of $ 250 mln with coupon interstate 8.25% per year.

20.06.2008 /Investing The first general assembly since Societe Generale took up its majority stake - On May 26th, 2008, the first annual meeting of Rosbank shareholders since Societe Generale took up a majority shareholding was held in Moscow. The agenda concerned the approval of the accounts for the 2007 financial year and the composition of the Board of Directors.

21.06.2008 /Investing VTB prices EUR 1 billion issue - In the Offering, EUR1 billion of 8.25% Notes due 2011 will be issued at par value by VTB Capital S.A. , Luxemburg. The Notes will be listed on the Irish Stock Exchange.

24.06.2008 /Investing The annual General Shareholder’s Meeting of B.I.N.BANK was held - The shareholders approved annual report of the Bank for 2007 and annual financial statements including income statement. The Shareholder's Meeting also decided not to pay dividends according to the results of 2007 on all types of shares.

25.06.2008 /Investing VTB announces preliminary results of the statutory offer to buy VTB North-West shares - Between 14 April and 23 June 2008, VTB NW shareholders applied to sell a total of 129,965,117 shares under the VTB Offer, which account for almost 10.3067 per cent of the authorized capital of VTB NW. 785 shareholders have exercised their rights under the Offer, among them 767 individuals and 18 corporates.

26.06.2008 /Investing VTB Annual General Shareholders Meeting - Approximately 900 shareholders discussed and voted on 11 issues put on the agenda. Voting results on the agenda of the VTB Bank Annual General Shareholders Meeting are expected to be published soon.

27.06.2008 /Investing LOCKO-Bank raised capital through a rights’ issue in the amount of RUR 600 million - The existing owners acquired pro rata portions of these newly-issued additional shares equal to the relative percentage of shares owned prior to the issuance. The structure of beneficial ownership remained unchanged. The shares were paid for and registered with the Central Bank of the Russian Federation.

02.07.2008 /Investing Probusinessbank to approve issuance of new shares to East Capital Financials Fund - The ordinary meeting of shareholders at which the decision on the forthcoming issue will be made takes place on July 17th. East Capital Financials Fund currently owns a 10,25 % stake in Probusinessbank.

02.07.2008 /Investing JSC “Rossiyskiy Kredit Bank” is an organizer of the 9th issue of “NOMOS-BANK” Bonds in the amount of RUR 5 bln. - The first coupon rate, determined by the issuer is 9,75% per annum (RUB 48.62 per each bond), the second coupon rate equals to the first coupon rate. The issuer determines rates of the third to tenth coupons. Bond issuance will have an offer at 24 June 2009.

02.07.2008 /Investing FFMS of Russia registered the debut issue of the rubles bonds of LLC “Stoylenskaya Niva-Finance” - The nominal value of the loan is RUB 1bln. with the maturity period of 3 years. The bonds have 6 half-year coupons. The placement of the bonds will take place at the stock exchange of FFMS by public offering.

03.07.2008 /Investing “UkrSibbank” to offer investment finance for SME clients - Investment finance for SME clients is extended for the period of 10 years, minimum loan amount is USD 500 thou that makes up not more than 70% of the project’s amount. Rates: 20.9% in UAH, 14.5% in USD, 13.5% EUR and 9.99% in CHF.