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Information message

 
21 April 2010

In light of the incorrect information issued by some mass media with regard to bonuses paid to VTB top managers as of 2009-year results, VTB Press Office announces the following.

On 30 March 2010, VTB Bank web-site published the IFRS audited financial results for the twelve months ended 31 December 2010. In compliance with the reporting, in 2009 the total remuneration paid to VTB Group directors and top managers, including pension contributions, amounted to RUB 3.2 bln. Top managers include members of VTB Supervisory Council, VTB Management Board, VTB Audit Committee and heads of subsidiaries.

The term “remuneration” means an employee income gained in 2009, comprising a fixed and variable (premium) components. A decision regarding bonuses to be paid to top managers as of 2009-year results will be made only after annual General Shareholders Meetings of VTB and its subsidiaries are held. In case of a positive decision the information on bonuses will be posted in the Group’s financial statements for 2010.

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