VTBR.L Regulatory News (VTBR)

18 Dec 2007 14:02

JSC VTB Bank18 December 2007 18 December 2007 VTB24 announces preliminary results of an offer for VTB North-West shares VTB24 (CJSC), a retail bank of VTB Group, announces the preliminary results ofan offer to exchange/acquire shares of OJSC Bank VTB North-West (VTBNorth-West). From 15 November to 14 December 2007 more than 10% of VTB North-West shares wereacquired under VTB24 offer. More than 50% of these shares were exchanged intothe shares of OJSC VTB Bank, the rest - sold to VTB24 at RUR 41.72 per share.Over 10 thousand of VTB North-West shareholders took the offer. VTB24 will enter into individual sale and purchase agreements with those VTBNorth-West shareholders who missed the deadline of this offer. These agreementswill be concluded in the offices of VTB North-West from 19 December to 29December 2007. Final results of the offer will be announced by 26 December 2007. -ends- Enquiries: VTB Tel: +7 (495) 739 77 99 Nataly Loginova e-mail: InvestorRelations@vtb.ruElena ErshovaIrina Mokeeva NOTES TO EDITORS About VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. This information is provided by RNS The company news service from the London Stock Exchange