VTBR.L Regulatory News (VTBR)

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Information Message

14 February 2011

On February 14, 2011 the VTB Supervisory Council held a meeting at which it resolved to authorize management to enter into negotiations with a view towards the gradual acquisition of up to a 100% interest in the charter capital of joint stock commercial bank Bank of Moscow (an open joint-stock company).

VTB President and Chairman of the Management Board, Mr. Andrey Kostin, noted that "the acquisition of the Bank of Moscow is consistent with the VTB strategy Road to 15 in terms of further capitalization of the Group and increase of its business efficiency."

VTB sees great synergy in the acquisition of the Bank of Moscow, both in terms of consolidating of its position in the corporate segment, and in relation to the development of its retail operations. If the Bank of Moscow is ultimately acquired, VTB will be able to (i) consolidate its presence in the Russian banking market and, in particular, in the lucrative Moscow region, (ii) provide access to the Moscow City government as a major customer, (iii) significantly increase the Group's number of branches, (iv) improve the Group's corporate business mix, (v) provide potential funding synergies and (vi) increase VTB's financial position in terms of deposits.

Since the beginning of 2002, the Group has acquired 13 banks: two in Russia (Guta Bank, Promstroybank), six in Europe and five in the CIS. The Group has also conducted several major business reorganization projects: the ongoing VTB North-West integration, migration of retail operations from VTB to VTB24, consolidation of two subsidiary banks in Ukraine and creation of a centralized European subholding company.

Investor Relations: 

Tel.: +7 495 775 71 39

Email: investorrelations@vtb.ru

Media Relations Unit:

Tel.: +7 495 783 17 17

Email: pr@vtb.ru

These materials are not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. VTB Bank does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.

These materials are only addressed to and are only directed at persons in member states of the European Economic Area (the "EEA") who are "qualified investors" within the meaning of Article 2(1)(e) of Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") ("Qualified Investors"). In the United Kingdom, these materials are being distributed to, and are only directed at, Qualified Investors who (i) have professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "FPO") or (ii) fall within Article 49(2)(a) to (d) of the FPO (all such persons being together referred to as "Relevant Persons"). These materials must not be acted on or relied upon (a) in the United Kingdom, by persons who are not Relevant Persons, and (b) in any member state of the EEA other than the United Kingdom, by persons who are not Qualified Investors. Any investment or investment activity to which these materials relate is available only to (i) in the United Kingdom, Relevant Persons and (ii) in any member state of the EEA other than the United Kingdom, Qualified Investors, and will be engaged in only with such persons.

These materials are an advertisement for the purposes of applicable measures implementing the Prospectus Directive. A prospectus prepared pursuant to the Prospectus Directive will be published in accordance with the Prospectus Directive.

These materials do not constitute an advertisement or offering of any securities in Russia within the meaning of Russian securities laws. Information contained in these materials is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in the Russian Federation or to or for the benefit of any Russian person.