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OJSC VTB Bank (VTB) completes a REPO transaction with OJSC VTB Bank North-West (VTB NW) shares

12 March 2008

VTB is pleased to announce that it has completed a share repurchase transaction (REPO) with VTB NW shares initiated in February 2008. As a result, VTB stake in VTB NW increased from 71.5482% to 86.4572%. The REPO was carried out as a standard commercial trade with an unaffiliated company.

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