Results of TransCreditBank's annual meeting

On June 29, 2009 TransCreditBank had its general shareholders’ meeting in Moscow.

GSM approved TransCreditBank’s 2008 accounting statements and distribution of profits. Shareholders accepted the Board of Directors’ proposal to distribute RUR 226.23 mln as dividend. Taking into account that following the results of 9 months 2008 TransCreditBank’s had already been paid dividends under ordinary actions at a rate of RUR 112,915 mln, the total sum of dividends following the results of 2008 will make RUR 339,145 mln.

The Meeting approved the new Board of Directors as follows:

Veremeev Valery Anatolievich – Head of Department Corporate Structure and Reforming, JSC Russian Railways;

Novozhilov Yury Victorovich – First Deputy Head of Corporate Finance Department, JSC Russian Railways;

Orlov Sergey Vladimirovich – Advisor to President of JSC Russian Railways;

Pandza Hubert - The independent financial adviser;

Paramonova Tatyana Vladimirovna – Advisor to President of JSC Russian Railways;

Pushkin Sergey Nikolaevich – President, JSC TransCreditBank;

Sukhorukova Elena Victorovna – Executive Director, Non-government Pension Fund Blagosostoyanie.

For the first time in history TransCreditBank’s was included into structure of its Board of directors the independent director - Mr. Pandza having a unique operational experience in a management of leading world and Russian banks.

GSM approved Ernst and Young Vneshaudit as the Bank’s auditor for 2009 for the purpose of statutory audit of its financial statements.

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