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Credit Bank of Moscow To Increase Common Stock By 38%.

24.05.2007

The Bank’s sole shareholder, “Concern Rossium”, SLL, approved a resolution to increase the Bank’s common stock by 38% up to c. US$128,541 thousand by way of c. US$34,884 thousand common registered non-documentary shares issue to be paid by the existing shareholder.

This increase is to support Credit Bank of Moscow’s development and maintain proper balance between equity and debt funding.