Dear shareholders!

Extra General Meeting of shareholders of the OJSC “Sotsinvestbank” took place on the 19th April at the Head Office in Ufa, Russia.

Full name of the company: open joint stock company “Sotsinvestbank”.
Location of the company: 42, Frunze st., Ufa, Russia.
Location of the meeting: assembly hall (3rd floor), 42, Frunze st., Ufa.
Time of the meeting: 17.00 local time.
Time of the participants’ registration: 16.00 local time.
Date of composition of list participants: 8th February 2008.

The following issues were on the agenda:
1. Prescheduled discontinuance of The Board of Directors of “Sotsinvestbank”.
2. Decision of the number of members of The Board of Directors of “Sotsinvestbank”.
3. The election of The Board of Directors of “Sotsinvestbank”.
4. The approval of the new Charter of “Sotsinvestbank”.
5. The election of members of Board of Administration of “Sotsinvestbank”.
6. The election of Director General of “Sotsinvestbank”.
7. The election of members to the Revision Committee of “Sotsinvestbank”.
8. The appointment of the bank’s auditors for 2008.
9. About reorganization by joining commercial bank “RUSSKIY BANK DELOVOGO SOTRUDNICHESTVA” with “Sotsinvestbank”.
10. The approval of an Authorised Signatory of the bank relating to registration of any corporate changes with the National Bank of Bashkortostan.

The shareholders agreed the following:
1. To discontinue powers of The Board of Directors of “Sotsinvestbank”.
2. To confirm staff of the Review board in number of 5 members.
3. To elect Gennadiy Lobanov, Inna Markova, Dmitriy Neverov, Mikhail Priklonskiy, Sergey Tabolin as members of the Review board.
4. To approve the new Charter of “Sotsinvestbank”.
5. To elect Marina Bisyarina, Lyudmila Pchelintseva, Sergey Serenko, Tatyana Fedorova, Alfiya Khismatullina as members of the Board of Directors of “Sotsinvestbank”.
6. To elect Dmitriy Neverov as a Director General of “Sotsinvestbank”.
8. To appoint FBK Ltd and Deloitte&Touche CIS as the bank’s auditors for 2008.
9. To reorganize “Sotsinvestbank” by joining commercial bank “RUSSKIY BANK DELOVOGO SOTRUDNICHESTVA” with “Sotsinvestbank”.
10. To approve Dmitriy Neverov as an Authorised Signatory of the bank relating to registration of any corporate changes with the National Bank of Bashkortostan.

The 7th item “The election of members to the Revision Committee of “Sotsinvestbank” wasn't agreed.