On February 12, a General Meeting of Shareholders of JSCIB UkrSibbank was hold in Kiev

<P style="LINE-HEIGHT: 16.8pt"><SPAN lang=EN-US style="FONT-SIZE: 9pt; COLOR: #232323; FONT-FAMILY: Arial; mso-ansi-language: EN-US">Today, on February12, <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:place w:st="on"><st1:City w:st="on">Kiev</st1:City></st1:place> hosted a General Meeting of Shareholders of JSCIB UkrSibbank, during which Sergiy Naumov, the acting Chairman of the Management Board, was appointed Chairman of the Management Board of the Bank. 100% of shareholders that participated in the Meeting backed this decision. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></P> <P style="LINE-HEIGHT: 16.8pt"><SPAN lang=EN-US style="FONT-SIZE: 9pt; COLOR: #232323; FONT-FAMILY: Arial; mso-ansi-language: EN-US">The meeting also unanimously approved the decision to increase the UkrSibbank authorized fund by UAH 1.275 bln to UAH 5.28 bln by increasing the number of shares of the current par value through additional contributions. <o:p></o:p></SPAN></P> <P style="LINE-HEIGHT: 16.8pt"><SPAN lang=EN-US style="FONT-SIZE: 9pt; COLOR: #232323; FONT-FAMILY: Arial; mso-ansi-language: EN-US">It was resolved to effect private placement of common registered shares in the amount of 105,600,000,000 totaling UAH 1.275 bln with the par value of UAH 0.05. The shares will be placed among the existing UkrSibbank shareholders. &nbsp;&nbsp;<o:p></o:p></SPAN></P>