9 September 2010

Extraordinary Annual General Meeting

Agenda

1. Election of the Counting Board of the Meeting
2. Deciding on the procedure of conducting of the Meeting
3. Transferring VAB Bank’s shares issue into undocumented form (shares dematerialization) and approval of the resolution on shares dematerialization:

• selection of a depositary, which will service the shares issue
• selection of a custodian, which will open securities accounts for shareholders
• selection of a notification form of the Bank shareholders about shares dematerialization
• election of an authorized person responsible for execution of resolutions regarding shares dematerialization

4. Introduction of the amendments to the Articles of Association of the VAB Bank
5. Share capital increase through issue of new shares of the same par value
6. Authorization of private placement of shares, approval of the minutes on authorization of private placement of shares
7. Approval of the list of other investors among which shares shall be placed
8. Election of the authorized body of the Bank empowered with the following rights:

• to approve results of the exercise of shareholders’ privilege to purchase shares to be placed
• to decide on the early termination of the private placement of shares (if the planned number of shares is placed ahead of the schedule)
• to approve results of the private placement of shares and the report on the results of the private placement of shares

9. Election of the authorized persons of the Bank empowered with the following rights:

• to give personal notice to shareholders and other investors, the list of which was approved by the General Meeting of Shareholders, about the resolutions of the General Meeting of Shareholders;
• to receive written confirmations from shareholders about their waiver to exercise their privilege to buy shares to be placed (in case it is stipulated by the terms and conditions of shares placement)
• to take actions to ensure shareholders’ exercise of their privilege to buy shares of the new issue
• to take actions to ensure private placement of shares

10. Election of VAB Bank Supervisory Board members with simultaneous early dismissal (revocation of the authorities) of the Supervisory Board, elected on 2 August 2010
11. Election of the Chairman of the Supervisory Board (President) and Deputy Chairman of the Supervisory Board from the members of the Supervisory Board