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Supervisory Board of Vneshtorgbank sets a date for the Annual general meeting of its shareholders

8 June 2006

Vneshtorgbank's Supervisory Board made a decision to hold the Annual General Meeting of its Shareholders on June 29, 2006.

On top of the agenda made up by Supervisory Board for the Annual general meeting of Vneshtorgbank's shareholders are the following items: approval of Vneshtorgbank's annual report, VTB financial statements and allocation of profits gained in 2005 fiscal year. Supervisory Board suggested the General meeting approve the profit allocation for the year 2005 and make dividend payment under Vneshtorgbank's bonds amounting to RUR32.75 per ordinary share, which is more than 13% of VTB net profit or more than RUR1.7 billion.

Vneshtorgbank's shareholders are also expected to elect new members of Supervisory Board and Revision Committee, as well as a new VTB auditor. Supervisory Board has decided to suggest that the General meeting should approve Ernst & Young Vneshaudit as an auditor of Vneshtorgbank.

Also, Supervisory Board of Vneshtorgbank discussed some current items and decided to open the Bank's branches in China, India and Singapore, as well as to open a representative office of Vneshtorgbank in the Northeastern China.

Enhanced presence of Vneshtorgbank in the dynamic financial markets of Asia will be a further step in developing international financial VTB Group; it will enable the Bank to notably strengthen its customer base and a spectrum of services offered to VTB customers and their counterparties. Vneshtorgbank will become the first Russian bank having its outlets in this corner of the world.

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