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Cooperation Agreement signed between Vneshtorgbank and Slovenska Isvosna Druzba d.d. Ljubljana

12 September 2002

On September 12, 2002, Vneshtorgbank and Slovenska Isvosna Druzba d.d. Ljubljana (Slovenian Export Corporation) signed a Cooperation Agreement.

Representing Slovenska Isvosna Druzba d.d. Ljubljana, the Agreement was signed by its President Marjan Kramar. President-Chairman of the Board, Andrey Kostin signed the Agreement on behalf of Vneshtorgbank.

President of Slovenska Izvozna Druzba Marjan Kramar (left) and President-Chairman of the Board of Vneshtorgbank Andrey Kostin sign the Agreement

The signing ceremony took place within the framework of the official visit to the Russian Federation of Janez Drnovsek, Chairman of the Government of the Republic of Slovenia.

The agreement signed is reflective of the parties` strong intention to promote mutually reinforcing trade and economic relationship between Russia and Slovenia, as well as to encourage greater trade turnover between the two countries. With this aim in view, the parties have recognized the need for a closer partnership in offering a wide range of sophisticated banking products and services, particularly in the spheres of settlement and clearing processing, trade finance and mid- and long-term investment project finance.

Looking to the future, Vneshtorgbank`s participation in financing the reconstruction of the Budapest Hotel in Moscow will be a good example of such partnership.

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