VTB announces its share offering price

25 Aug 2009 15:33



NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA OR JAPAN.

Press Release

August 25, 2009

VTB announces its share offering price

In connection with its previously announced offering of up to nine trillion ordinary shares with a par value of 0.01 roubles per share (the "Shares"), pursuant to which JSC VTB Bank's shareholders as of 13 May 2009 (the "Record Date") may exercise their preemptive rights (the "Rights") to acquire a number of Shares that is pro rata to the number of shares held on the Record Date, JSC VTB Bank hereby announces that the JSC VTB Bank Supervisory Council set the offering price for the Shares at 4.82 kopecks per share on 25 August 2009.

The period for submitting Rights applications closed on 24 August 2009. Shareholders who have applied for their Rights, and who intend to exercise these Rights, must pay for the Shares during the period of 26 August 2009 to 1 September 2009. The placement period for Shares placed pursuant to the Rights shall commence on 26 August 2009 and end on 4 September 2009.

Shares may be paid for by transfer of funds from the shareholder's account to JSC VTB Bank account with VTB24 (JSC) or in cash to VTB24 (JSC). The Shares must be be paid for in Russian roubles

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Contacts:

Investor Relations: 

Tel.: +7 495 775 71 39

Email: investorrelations@vtb.ru

The offer of the Shares and the distribution of these materials and other information in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Notice to US shareholders:

The Offering is made for the securities of a foreign company. The Offering is subject to the disclosure requirements of a foreign country that are different from those of the United States. Financial statements provided as part of the Offering were prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies. It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue the foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a US court' s judgment. The Offering is addressed solely to the shareholders of JSC VTB Bank.

Notice to shareholders in other jurisdictions:

This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) 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 together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Advertisement legend:

This document is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities.

Public offer legend:

Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented EU Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") is addressed solely to qualified investors (within the meaning of Article 21(1)(e) of the Prospectus Directive) in that Member State.