Material fact notice

Certain Resolutions Taken by Issuer’s Supervisory Board

12.12.2019

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

Moscow

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

1.8. Date of occurrence of the event (material fact) about which the message is made (if applicable)

11.12.2019

2. Content of Announcement

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

Quorum: 8 out of the 8 Supervisory Board members cast their votes: Roman I. Adveev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Ilkka Seppo Salonen, Vladimir A. Chubar.

As per Article 13.8 of the Charter written opinion of Sergey Yu. Menzhinsky and Alexey A. Stepanenko, members of the Supervisory Board, was count towards quorum and in voting.

The meeting was quorate and deemed legally valid.

Vote count for the first item of agenda:

Review of a report of the Chairman of the Management Board of the Bank.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 prevailing “sentiments” and expected trends in the international markets.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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:

Review of the Audit and Risk Committee’s report.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Department's report for 3Q2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 3-year audit plan.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Internal Audit Department's budget for 2020.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Internal Audit Department's plan of work for 1H2020.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Risk Management Report for 3Q2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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:

Approval of the Report on Operational and Non-Financial Risks for July – September 2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 key criteria on assessment of ability of the Bank to be accountable under its liabilities and approval of the liquidity stress test results based on these criteria.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Report on the Bank's risk management quality for 3Q2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 the Banking Group’s risk management quality for 3Q2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 the Report on the Bank's mandatory ratios and capital for 3Q2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Report on the Banking Group’s mandatory ratios and capital for 3Q2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 transactions.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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:

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 Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 HR policy.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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:

Review of the Bank of Russia’s information letter No. IN-06-28/18 dated 28.02.2019 "On Guidance for Members of Financial Institutions' Board of Directors (Supervisory Boards)".

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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:

Approval of the Regulation on the Supervisory Board's Performance Appraisal.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 corporate governance improvement plan based on the Internal Audit Department’s recommendations.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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:

Approval of areas of improvement for the Supervisory Board based on appraisal of the Supervisory Board.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 amendments to the Performance appraisal criteria for the Corporate Secretary and calculation methodology for payment of the bonus for the reporting year.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 Report on Performing Supervisory Board Requests as of December 2019.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 fourth 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 Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 fifth item of agenda:

Review of the Bank of Russia’s information letter No. IN-06-28/45 dated 24.05.2019 on Recommendations as to the boards of directors' (supervisory board's) engagement in the processes of IT development and management and information security risk management in a public joint-stock company.

“FOR” – 10 (Ten) votes, including: Roman I. Avdeev, Andrew Sergio Gazitua, Thomas Günther Grasse, Lord Daresbury (Peter), Andreas Klingen, William Forrester Owens, Sergey Yu. Menzhinsky, 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 sixth item of agenda:

Determination of the date of the next Supervisory Board meeting.

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

“AGAINST” – 0 (Zero) votes.

“ABSTAINED” – 0 (Zero) votes.

The resolution was passed

2.2. Resolutions taken by the issuer’s Supervisory Board:

Resolution on the first item of agenda:

To take note of a report of the Chairman of the Management Board of the Bank.

Resolution on the second item of agenda:

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

Resolution on the third item of agenda:

To take note of the Audit and Risk Committee’s report and take decisions as recommended by the Audit and Risk Committee meeting of December 9, 2019 as per minutes No.22 of that Committee.

Resolution on the fourth item of agenda:

To approve the Internal Audit Department's report for 3Q2019 as per annex 1 hereto.

Resolution on the fifth item of agenda:

To approve the 3-year audit plan as per annex 2 hereto.

Resolution on the sixth item of agenda:

To approve the Internal Audit Department's budget for 2020 as per annex 3 hereto.

Resolution on the seventh item of agenda:

To approve the Internal Audit Department's plan of work for 1H2020 as per annex 4 hereto.

Resolution on the eighth item of agenda:

To approve the Risk Management Report for 3Q2019 as per annex 5 hereto.

Resolution on the ninth item of agenda:

To approve the Report on Operational and Non-Financial Risks for July – September 2019 as per annex 6 hereto.

Resolution on the tenth item of agenda:

To approve key criteria on assessment of ability of the Bank to be accountable under its liabilities and the liquidity stress test results based on these criteria as per annex 7 hereto.

Resolution on the eleventh item of agenda:

To approve the Report on the Bank's risk management quality for 3Q2019 as per annex 8 hereto.

Resolution on the twelfth item of agenda:

To approve the Report on the Banking Group’s risk management quality for 3Q2019 as per annex 9 hereto.

Resolution on the thirteenth item of agenda:

To approve the Report on the Bank's mandatory ratios and capital for 3Q2019 as per annex 10 hereto.

Resolution on the fourteenth item of agenda:

To approve the Report on the Banking Group’s mandatory ratios and capital for 3Q2019 as per annex 11 hereto.

Resolution on the fifteenth item of agenda:

To approve transactions.

Resolution on the sixteenth item of agenda:

To take note of the Compensation, Corporate Governance and Nominations Committee's report and take decisions as recommended by the Compensation, Corporate Governance and Nominations Committee meeting of December 10, 2019 according to minutes No.12 of that Committee.

Resolution on the seventeenth item of agenda:

To approve CREDIT BANK OF MOSCOW's HR Policy as per annex 12 hereto.

Resolution on the eighteenth item of agenda:

To approve the Compensation, Corporate Governance and Nominations Committee's proposals and plan regarding the recommendations of the Bank of Russia's letter No. IN-06-28/18 dated 28.02.2019 as per annex 13 hereto.

Resolution on the nineteenth item of agenda:

To approve CREDIT BANK OF MOSCOW's Regulation on the Supervisory Board's Performance Appraisal as per annex 14 hereto.

Resolution on the twentieth item of agenda:

To approve the corporate governance improvement plan based on the Internal Audit Department’s recommendations as per annex 15 hereto.

Resolution on the twenty first item of agenda:

To approve areas of improvement for the Supervisory Board based on appraisal of the Supervisory Board as per annex 16 hereto.

Resolution on the twenty second item of agenda:

To approve amendments to the Performance appraisal criteria for the Corporate Secretary and calculation methodology for payment of the bonus for the reporting year as per annex 17 hereto.

Resolution on the twenty third item of agenda:

To approve the Report on Performing Supervisory Board Requests as of December 2019 as per annex 18 hereto.

Resolution on the twenty fourth item of agenda:

To take note of the Strategy and Capital Markets Committee’s report and take decisions as recommended by the Strategy and Capital Markets Committee meeting of December 10, 2019 as per minutes No.06 of that Committee.

Resolution on the twenty fifth item of agenda:

To approve the Strategy and Capital Markets Committee's proposals and plan regarding the recommendations of the Bank of Russia's letter No. IN-06-28/45 dated 24.05.2019 as to the Supervisory Board's engagement in the processes of IT development and management and information security risk management as per annex 19 hereto.

Resolution on the twenty sixth item of agenda:

To determine the date of the next Supervisory Board meeting as February 4, 2020.

2.3. Date of Supervisory Board meeting: 10.12.2019.

2.4. Date and number of minutes of Supervisory Board meeting: 11.12.2019 № 31.

3. Signature

3.1. Head of Banking Legal Support Department (Power of attorney No.770/2016 dated 29.12.2016 (valid until 29.12.2019))

K.I. Galushko

3.2. 11 December 2019 SEAL