Material fact notice

Certain Resolutions Taken by Issuer’s Supervisory Board

14.12.2017

1. General Information

1.1. Issuer’s full corporate name (name for NGO)

CREDIT BANK OF MOSCOW (public joint-stock company)

1.2. Issuer’s abbreviated corporate name

CREDIT BANK OF MOSCOW

1.3. Issuer’s registered office

2 (bldg. 1) Lukov pereulok, Moscow 107045, Russia

1.4. Issuer’s OGRN

1027739555282

1.5. Issuer’s TIN

7734202860

1.6. Unique issuer code assigned by the registration authority

01978В

1.7. Issuer’s disclosure webpage

http://www.mkb.ru;

http://www.e-disclosure.ru/portal/company.aspx?id=202

2. Content of Announcement

2.1. Quorum of Supervisory Board meeting and vote count for resolution made:

Quorum: 10 out of the 10 Supervisory Board members cast their votes: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

The Supervisory Board meeting was quorate and had requisite authority to make resolutions on the items of agenda.

Vote count for the first item of agenda:

Review of prevailing "sentiments" and expected trends in the international markets.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the second item of agenda:

Review of the Audit and Risk Committee's report.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the third item of agenda:

Approval of the revised Code of Ethics.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the fourth item of agenda:

Approval of the Internal Audit Division’s report for 9M2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the fifth item of agenda:

Approval of the Internal Audit Division's plan of work for 1H2018.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the sixth item of agenda:

Approval of the Bank's main solvency criteria and the results of liquidity stress testing based on them.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the seventh item of agenda:

Approval of the Operational Risk Management Report for August-October 2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the eighth item of agenda:

Approval of the Compliance Risk Management Report for August-October 2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the ninth item of agenda:

Abrogation of the Bank’s Operational Risk Management Policy.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the tenth item of agenda:

Approval of CREDIT BANK OF MOSCOW’s Business Continuity/Disaster Recovery Plan.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the eleventh item of agenda:

Approval of the Risk Management Report for 9M2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the twelfth item of agenda:

Approval of the Report on Critical Risk Identification for 2018.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the thirteenth item of agenda:

Approval of CREDIT BANK OF MOSCOW’s updated Risk and Capital Management Strategy

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the fourteenth item of agenda:

Approval of the updated Risk and Capital Management Strategy of CREDIT BANK OF MOSCOW’s Banking Group.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the fifteenth item of agenda:

Approval of the Bank’s Risk Management Quality Report for 3Q2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the sixteenth item of agenda:

Approval of CREDIT BANK OF MOSCOW Banking Group’s Risk Management Quality Report for 3Q2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the seventeenth item of agenda:

Approval of the Bank's Mandatory Ratios and Capital Report for 3Q2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the eighteenth item of agenda:

Approval of CREDIT BANK OF MOSCOW Banking Group’s Mandatory Ratios and Capital Report for 3Q2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the nineteenth item of agenda:

Review of the Compensation, Corporate Governance and Nominations Committee’s report.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the twentieth item of agenda:

Approval of the Supervisory Board request fulfillment report for December 2017.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the twenty-first item of agenda:

Review of the Strategy and Capital Markets Committee's report.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the twenty-second item of agenda:

Approval of the Development Strategy implementation.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

Vote count for the twenty-third item of agenda:

Approval of the date of the next in-person Supervisory Board meeting.

“FOR” – 10 (ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Peter Daresbury, Andreas Klingen, Sergey Yu. Menzhinsky, William Forrester Owens, Ilkka Seppo Salonen, Alexey A. Stepanenko, Vladimir A. Chubar.

"AGAINST" – 0 (zero) votes;

"ABSTAINED" – 0 (zero) votes.

The resolution was passed.

2.2. Resolutions:

Resolution on the first item of agenda:

To take note of the update on prevailing “sentiments” and expected trends in the international markets and factor the existing international and Russian market conditions into the planning of the Bank’s activities for the nearest terms.

Resolution on the second item of agenda:

To take note of the Audit and Risk Committee’s report and approve its recommendations as per its meeting minutes No. 09 dated 12.12.2017.

Resolution on the third item of agenda:

To approve the revised Code of Corporate Ethics as per annex 1.

Resolution on the fourth item of agenda:

To approve the Internal Audit Division’s report for 9M2017 as per annex 2.

Resolution on the fifth item of agenda:

To approve the Internal Audit Division’s plan of work for 1H2018 as per annex 3.

Resolution on the sixth item of agenda:

To approve the Bank's main solvency criteria and the results of liquidity stress testing based on them as per annex 4.

Resolution on the seventh item of agenda:

To approve the Operational Risk Management Report for August-October 2017 as per annex 5.

Resolution on the eighth item of agenda:

To approve the Compliance Risk Management Report for August-October 2017 as per annex 6.

Resolution on the ninth item of agenda:

To abrogate the Operational Risk Management Policy approved by minutes No.01 of the Supervisory Board meeting dated 11.01.2013.

Resolution on the tenth item of agenda:

To approve CREDIT BANK OF MOSCOW’s Business Continuity/Disaster Recovery Plan as per annex 7.

Resolution on the eleventh item of agenda:

To approve the Risk Management Report for 9M2017 as per annex 8.

Resolution on the twelfth item of agenda:

To approve the report on critical risk identification for 2018 as per annex 9.

Resolution on the thirteenth item of agenda:

1. To approve CREDIT BANK OF MOSCOW’s updated Risk and Capital Management Strategy as per annex 10;

2. To approve the extension of the 4Q2017 capital allocation and risk appetite target, alert and limit levels and until CREDIT BANK OF MOSCOW’s Risk and Capital Management Strategy for 2018 is approved in 1Q2018.

Resolution on the fourteenth item of agenda:

1. To approve the updated Risk and Capital Management Strategy of CREDIT BANK OF MOSCOW’s Banking Group as per annex 11;

2. To approve the extension of the 4Q2017 capital allocation and risk appetite target, alert and limit levels and until CREDIT BANK OF MOSCOW Banking Group’s Risk and Capital Management Strategy for 2018 is approved in 1Q2018.

Resolution on the fifteenth item of agenda:

To approve the Bank’s Risk Management Quality Report for 3Q2017 as per annex 12.

Resolution on the sixteenth item of agenda:

To approve CREDIT BANK OF MOSCOW Banking Group’s Risk Management Quality Report for 3Q2017 as per annex 13.

Resolution on the seventeenth item of agenda:

To approve the Bank's Mandatory Ratios and Capital Report for 3Q2017 as per annex 14.

Resolution on the eighteenth item of agenda:

To approve CREDIT BANK OF MOSCOW Banking Group’s Mandatory Ratios and Capital Report for 3Q2017 as per annex 15.

Resolution on the nineteenth item of agenda:

To take note of the Compensation, Corporate Governance and Nominations Committee’s report and approve its recommendations as per its meeting minutes No. 05 dated 13.12.2017.

Resolution on the twentieth item of agenda:

To approve the Supervisory Board request fulfillment report for December 2017 as per annex 16.

Resolution on the twenty-first item of agenda:

To take note of the Strategy and Capital Markets Committee’s report and approve its recommendations as per its meeting minutes No. 04 dated 13.12.2017.

Resolution on the twenty-second item of agenda:

To approve the Development Strategy implementation.

Resolution on the twenty-third item of agenda:

To approve 13 February 2018 as the date of the next in-person meeting of the Supervisory Board.

2.3. Date of Supervisory Board meeting: 13.12.2017.

2.4. Date and number of minutes of Supervisory Board meeting: 14.12.2017 No. 29.

3. Signature

3.1. Head of Corporate Actions and Financial Market Transactions Support Unit (Power of attorney No.770/2016 dated 29.12.2016 (valid until 29.12.2019))

K.I. Galushko

3.2. Date: 14 December 2017. SEAL