January 12, 2010
JSC VTB Bank has made a decision to exercise on 4 February 2010 the call option under the USD 750 million 6.315% Subordinated Loan Participation Notes due 2015 which were issued in February 2005 by VTB Capital S.A. to fund a subordinated loan to JSC VTB Bank. The appropriate consent of the Central Bank of the Russian Federation has been duly received with respect to the above prepayment.
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VTB Group is a leading Russian financial group with a strong tradition in Russia and the CIS, and a presence in more than 20 countries around the world. The Russian government is VTB's majority shareholder, with a holding of 85,5.5%. The remaining 14,5% of the shares are traded on the RTS and MICEX in Russia, and VTB's global depositary receipts are traded on the London Stock Exchange. VTB offers a wide range of services in corporate, retail and investment banking across Russia, certain other CIS countries and a number of countries in Western Europe, Asia and Africa. As 9 months of 2009, VTB was the second largest financial group in Russia by assets (RUR 3 583, 8 billion) and by deposits (RUR1 518,4billion). VTB is one of the top three retail banks in Russia with a network of 966 sales offices in Russia and the CIS. In 2008, VTB launched its investment banking business which operates from Moscow, London, Singapore and Dubai.
This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of VTB or any of its subsidiaries, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of VTB or any of its subsidiaries.
The securities referred to in this announcement have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States subject to certain exceptions.
This communication is only being distributed to and directed only at (a) persons who are outside the United Kingdom or (b) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (c) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons mentioned in (a), (b) and (c) together being referred to as "Relevant Persons"). The securities mentioned in this communication will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.
Information contained in this document is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in Russia or to or for the benefit of any Russian person or any person in Russia, and does not constitute an advertisement of any securities in Russia.