Vozrozhdenie Bank Board of Directors has held a meeting

6 July 2015

Vozrozhdenie Bank Board of Directors held a meeting on July 3, 2015.

The Board has established a Strategy Committee with the purpose of improving efficiency of the bank’s operations in the long-term perspective. The Committee will define strategic targets of the bank, control implementation of strategy, develop recommendations for the Board of Directors on adjustment of the current strategy and investigate priority areas of the bank’s business. Igor Lozhevsky was elected as the Chairman of the Strategy Committee.

According to the requirements of the Bank of Russia, Corporate Governance Code, Moscow Exchange Listing Rules, the Regulations on the Audit Committee and the Regulations on the Human resources and compensation Committee, the Board has elected the members of the Audit Committee and the Human resources and compensation Committee.

The members of the Audit Committee have been elected as follows:

· Yuri Osipov — the Chairman;

· Alexey Krapivin;

· Leonid Makarevich.

The members of the Human resources and compensation Committee have been elected as follows:

· Mukhadin Eskindarov — the Chairman;

· Leonid Makarevich;

· Yuri Osipov.

Education, professional background, expertise in the field of Committees’ competence and other special skills essential for the Committees’ members were taken into account during their election.

The Board of Directors has considered and approved its Activity plan for the period till the next annual General Meeting of Shareholders and Plan of activities to improve corporate governance, including issues regularly considered by the Board according to the internal documents of the bank, as well as the issues concerning the bank’s corporate governance enhancement.

The Board has approved the following internal documents:

· new edition of the Regulations on preparation and holding tenders for conclusion of assignment agreements concerning loans to individuals at Vozrozhdenie Bank;

· the Temporary Order of holding tenders and performing deals of assignment on loans to individuals at Vozrozhdenie Bank.

The Board of Directors has also approved the candidacy of the Senior Vice President Anatoly Khvostikov for election as a member of the Management Board of Vozrozhdenie Bank.

Mr Khvostikov was born in 1955. He graduated from Bauman Moscow Higher Technical School in 1978 and Ordzhonikidze Moscow Institute of Management in 1990. Anatoly Khvostikov has been working in the banking sphere for over 20 years, starting his career at Khimky branch № 7825 of Sberbank.

From 2001 to 2005 — Director at the bank “First Mutual Loan Company”, Deputy Chairman of the Management Board at the bank “First Mutual Loan Company”.

From 2005 to 2015 — Director of Small Business Department, Director of Small and Medium Business Department, Director for Small and Medium Business at Rosbank.

Anatoly Khvostikov currently holds the position of the Senior Vice President at Vozrozhdenie Bank.

Mr Khvostikov’s candidacy complies with the qualification requirements to candidates to members of governing bodies of credit institutions stipulated by the applicable legislation of the Russian Federation and legal acts of the Bank of Russia.

Moody’s Investors Service Assigned Ba3 Counterparty Risk Assessment to Vozrozhdenie Bank
Vozrozhdenie Bank Board of Directors has held a meeting