JSC VTB Bank acquired 27.8% stake stake in TCB

Notification: JSC VTB Bank acquired 27.8% stake in TCB

December 29, 2010, JSC VTB Bank announces that as a part of the phased acquisition of TransCreditBank, approved by VTB's Supervisory Board on October 4, 2010, it has acquired 27.8326% of OJSC TransCreditBank ordinary shares from the company's minority shareholders. As a result VTB's stake in OJSC TransCreditBank charter capital amounted to 27.8314%.