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Meeting of VTB Bank Supervisory Council

 
3 September 2007

On September 3, 2007 the Supervisory Council of VTB Bank (Open joint-stock company) canceled its decision dated August 9, 2007 on convocation of Extraordinary General Shareholders Meeting scheduled for September 27, 2007, which had to decide on reorganization of JSC VTB Bank by merger of OJSC VTB Bank North-West into JSC VTB Bank.

OJSC VTB Bank North-West is planning to maintain valid the offer to its shareholders to buy-back or swap to JSC VTB Bank's shares, the shares of OJSC VTB Bank North-West. The final terms and conditions of buy-back or swap will be announced additionally.


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