Subsidiary Organization VTB Bank (Kazakhstan) announces April 8, 2011 decision of its Board of Directors

/KASE, April 25, 11/ - Subsidiary Organization VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchangeо (KASE), has by an official letter informed KASE that on April 8, 2011 its Board of Directors took the following decisions: quote 1. The suggestion to choose Ernst & Young the Y2011 auditor of Subsidiary Organization VTB Bank (Kazakhstan) was taken note of; it was advised to appoint Ernst & Young the Y2011 auditor of Subsidiary Organization VTB Bank (Kazakhstan). 2. The Y2011 work plan of the Bank's Internal Auditing Service was approved. 3. The report of the Management Board and Compliance-Controller on Effectiveness of Management and Control over Compliance-Risk at SO VTB Bank (Kazakhstan) in 2010 was taken note of and the administration of compliance-risk was recognized effective. 4. The new edition of the "Accounting Policy of SO VTB Bank (Kazakhstan)" was approved and the previous one declared invalid. 5. The new edition of the "Tax Policy of SO VTB Bank (Kazakhstan)" was approved and the previous one declared invalid. 6. Amendments and additions to the Rules of "General Terms of Execution of Operations at SO VTB Bank (Kazakhstan)" were approved. 7. Registers of persons related to the Bank by special relationship were approved. 8. The Y2011 Business-plan of SO VTB Bank (Kazakhstan) was approved. 9. A decision on bonuses to the Bank's Management Board was made. unquote [2011-04-25]