VTB will pay dividends on the results of 2008 of $ 0.000447 ruble per share

June 29, the annual general meeting of shareholders of OJSC Bank VTB, which were approved by the annual report, annual financial statements, including statements of income for the year 2008.

shareholders have decided to distribute the profit of OJSC Bank VTB on the results of 2008, as follows:

- net profit for the distribution of all 26 894 373 306.49 rubles

- deductions for dividend payments 3 005 689 913.54 rubles

- Retained net profit 23 888 683 392.95 rubles;

At the meeting, shareholders also agreed on the payment by results of 2008 dividends of $ 0.000447 rubles per ordinary share placed VTB nominal value of 0.01 rubles.

Shareholders elected to the Supervisory Board of JSC Bank VTB:

representatives of the Russian Federation:

1. Dvorkovich Arkady Vladimirovich,

2. Anton V. Drozdova,

3. Kostin Andrey Leonidovich,

4. Alexei Leonidovich Kudrin,

5. Savatyugin Alexis L.

6. Savelyeva Vitaly,

7. Ulyukaeva Alexei Valentinovich,

independent members of the Supervisory Board:

8. Varniga Arthur Matthias,

9. Glazkova Gregory Y.,

10. Kropacheva Nikolai Mikhailovich

11. Eskindarova Muhadina Abdurahmanovicha.

It was also decided to elect the Auditing Commission of OJSC Bank VTB: Bogomolov Tatyana Aleksandrovna, Logunova Natalia, Lukov Vladimir V., Sabantseva Zahar B., Skripichnikova Dmitriy.

ZAO Ernst & Young Vneshaudit was approved by the auditor to audit the Bank the annual financial statements VTB under Russian accounting standards for 2009. Shareholders also approved the charter in the new edition.

In addition,it was decided to increase the authorized capital of JSC Bank VTB through placement of additional ordinary shares to the following conditions:

- the number of deployed additional ordinary shares in the bank - 9000000000000 pieces;

- The nominal value of additional ordinary shares in OAO Bank VTB - 0.01 rubles each share;

- a form of release of additional ordinary shares in OAO Bank VTB - nondocumentary;

way of additional ordinary shares of JSC VTB Bank - an open subscription;

The shareholders also agreed to pay compensation to members of an independent supervisory board of JSC Bank VTB as follows: Mattias Varnigu - an amount equivalent to $ 80 thousand - for the functions of an independent member of the Supervisory Board of JSC Bank VTB, $ 30 thousand - for the chairmanship of the Supervisory Board of VTB Audit; Kropachevu Nikolai Mikhailovich - an amount equivalent to $ 80 thousand - for the functions of an independent member of the Supervisory Board of JSC Bank VTB.
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