Official comment on possible changes in the shareholder structure of Vozrozhdenie Bank

10 August 2015

With regard to the mass media publications concerning agreement on consolidation of a controlling stake in Vozrozhdenie Bank by the shareholders of Promsvyazcapital B.V., we inform that as of the present moment, no official confirmation on deals of change of control was received by the bank. We continue our operations in the ordinary course in accordance with the established procedures.

We would welcome the arrival of new large investors that reflects the key strengths of the bank — loyal client base, sound business model and high level of corporate governance. It evidences the bank’s strong positioning in core niches — lending to SMEs, mortgages, retail deposits — and in the key regions of presence.

Currently the bank continues due diligence procedures in the course of possible merger with Absolut Bank on the basis of Vozrozhdenie Bank that was initiated in July 2015.

When considering options and taking decisions on potential deals, shareholders of the bank and its Board of Directors emphasise importance of the prospects of maintaining and developing the bank’s business and protection of minority shareholders’ rights.

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