(Reporting by John Bowker; Editing by Andrey Ostroukh) Sale of 10% stake in VTB will be organized in accordance with Russian law Alfa Bank November 9, 2010 Various media sources report that the government has specified the main parameters of the sale of a 10% stake in VTB. The deal will be organized in accordance with Russian law and not UK law as previously rumored. Bank of America Merrill Lynch was named as the main organizer of the deal. According to the bank's CEO Andrey Kostin, the terms of the deal, including the price, should be finalized by the end of November this year. A change in legislation in May this year means that the deal is now possible under Russian law, as the obligatory offering of government assets through an auction or tender offer was canceled. The government is currently allowed to sell its assets directly to investors owing to the passing of a special Act. We believe that carrying out the deal in accordance with Russian law lowers risks. Leyla Sharifullina Vnesheconombank holding road-show for new Eurobond Vnesheconombank is holding road-show for a new Eurobond on November 8-9, according to Uralsib Capital. The issue details are not disclosed. The issue is planned as a benchmark and will be issues under Reg S and 144А rules. Issuer profile: Vnesheconombank (VEB) was founded in 1924 and is one of the oldest Russian banks well known to the world community. VEB is a specialized financial institution 100% owned by the activities have been evaluated by the leading rating state. VEB’s world’s agencies. The short-term and long-term credit ratings are in line with Bank’s Russia’s sovereign credit rating. Vnesheconombank auditor is Ernst & Young, one of the leading international auditing companies. During its multi-year activities the Bank established wide international ties and acquired a reputation of a first-class banking institution. Vnesheconombank gained unique experience in serving intergovernmental agreements, as well as large-scale projects implemented under interstate agreements and governmental programs. top priority task is to promote national interests. Since last year, by Vnesheconombank’s implementing the in the field of promoting banking sector, VEB Government’s decisions
(Reporting by John Bowker; Editing by Andrey Ostroukh) Sale of 10% stake in VTB will be organized in accordance with Russian law Alfa Bank November 9, 2010 Various media sources report that the government has specified the main parameters of the sale of a 10% stake in VTB. The deal will be organized in accordance with Russian law and not UK law as previously rumored. Bank of America Merrill Lynch was named as the main organizer of the deal. According to the bank's CEO Andrey Kostin, the terms of the deal, including the price, should be finalized by the end of November this year. A change in legislation in May this year means that the deal is now possible under Russian law, as the obligatory offering of government assets through an auction or tender offer was canceled. The government is currently allowed to sell its assets directly to investors owing to the passing of a special Act. We believe that carrying out the deal in accordance with Russian law lowers risks. Leyla Sharifullina Vnesheconombank holding road-show for new Eurobond Vnesheconombank is holding road-show for a new Eurobond on November 8-9, according to Uralsib Capital. The issue details are not disclosed. The issue is planned as a benchmark and will be issues under Reg S and 144А rules. Issuer profile: Vnesheconombank (VEB) was founded in 1924 and is one of the oldest Russian banks well known to the world community. VEB is a specialized financial institution 100% owned by the state. VEB’s activities have been evaluated by the world’s leading rating agencies. The Bank’s short-term and long-term credit ratings are in line with Russia’s sovereign credit rating. Vnesheconombank auditor is Ernst & Young, one of the leading international auditing companies. During its multi-year activities the Bank established wide international ties and acquired a reputation of a first-class banking institution. Vnesheconombank gained unique experience in serving intergovernmental agreements, as well as large-scale projects implemented under interstate agreements and governmental programs. Vnesheconombank’s top priority task is to promote national interests. Since last year, by implementing the Government’s decisions in the field of promoting banking sector, VEB
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