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JSC VTB Bank ("VTB") carries out its funding operations in international capital markets in different forms including its Euro Medium-Term Note (EMTN) Programmes, which are structured as Loan Participation Note Programmes. Under these Programmes, a VTB special purpose vehicle (SPV), VTB Capital S.A. ("VTB Capital"), provides loans to VTB (Baa1/BBB/BBB) from the proceeds of the Loan Participation Notes issued by VTB Capital via Fiduciary (EMTN No. 1) or directly (EMTN No. 2). Programmes No. 1 and No. 2 were registered in November 2003 and September 2007, respectively. The Notes have been issued in a number of different currencies under both Programmes. In total VTB Capital has issued U.S.$5,925 million, EUR 1,500 million and GBP 300 million under EMTN No. 1 and U.S.$7,000 million, RUR 30,000 million, EUR 1,000 million, CHF 1,450 million, SGD 700 and CNY 1,000 million under EMTN No. 2 since their establishment.

Bank VTB24 ("VTB24") carries out its funding operations in international capital markets in different forms including its Euro Medium-Term Note (EMTN) Programme, which is structured as Loan Participation Note Programme. Under this Programme, VTB24`s special purpose vehicle, VTB-24 Capital P.L.C. ("VTB-24 Capital"), provides loans to VTB24 (Baa1/BBB/BBB) from the proceeds of the Loan Participation Notes issued by VTB-24 Capital. The Programme was established in December 2006. In total VTB-24 Capital has issued U.S.$500 million of Notes under this Programme since its establishment.

VTB Bank Capital plc ("VTBC") launched a USD5,000,000,000 structured EMTN programme in August 2009, which allows VTBC to issue a wide range of note instruments to obtain funding, whereby VTBC will act as an Arranger, Issuer, Calculation Agent and Initial Dealer. In particular the programme provides for a great flexibility of note parameters, as VTBC can issue both vanilla and structured notes:

in any currency
with any agreed maturity
redeemable prior to or at maturity, may redeem at, above or below par
with an issue price at par or at a discount/premium on a fully-paid or partly-paid basis
paying floating or fixed interest rate or bearing no interest
linked to index, equity, currency, commodity, fund or credit
in a bearer form

Clearing: Notes can be Euroclear/Clearstream clearable

JSC Bank of Moscow ("Bank of Moscow") carries out its funding operations in international capital markets in different forms including its U.S.$5,000,000,000 Euro Medium-Term Note (EMTN) Programme, which is structured as Loan Participation Note Programme. Under this Programme, Bank of Moscow`s special purpose vehicle, BOM Capital P.L.C. ("BOM Capital"), provides loans to Bank of Moscow (Ba2/BBB-) from the proceeds of the Loan Participation Notes issued by BOM Capital. The Programme was established in February 2010. In total BOM Capital has issued U.S.$750 million and SGD 150 million under this Programme since its establishment.