As per the Russian government’s order, dated 13.05.2015 №877-p, the Deposit Insurance Agency (DIA) on July 30, 2015 acquired 3,073,905 million of VTB Type A preference shares with a par value of 0.1 rubles. As a result of the deal, the current ownership of the Russian Federation acting through the Federal Agency for State Property Management in ordinary shares of JSC VTB Bank is 60.9%. The share of the Russian Federation in the authorised capital of JSC VTB Bank is 45.01%, including the share of Russian Finance Ministry in the bank’s preference share capital. The state retains control over VTB’s voting shares, as required by Presidential Decree. Thus, the Presidential Decree, dated February 8, 2016 № 46, was issued with an aim to harmonise the share of the Russian Federation in the authorised capital of JSC VTB Bank, stated in the list of strategic enterprises and strategic joint-stock companies approved by the Presidential Decree from August 4, 2004 № 1009, with the current ownership. We would also like to underscore that the Decree does not provide for the possibility of reducing the share of the Russian government in VTB.