Subsidiary Organization JSC VTB Bank (Kazakhstan) announces July 14, 2011 decisions of its Board of Directors

/KASE, July 18, 11/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty, hereinafter - the Bank), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that its Board of Directors took the following decisions on July 14, 2011: quote 1. To open an additional room of the Almaty branch of SO JSC VTB Bank and determine its location as follows: Tole bi str. 71, Almaly district, Almaty 050000, Republic of Kazakhstan. 2. To approve the "Concept of HR management at VTB Group" as internal document of the Bank. 3. To approve the "Concept of management of motivation directions and remuneration at VTB Group" as internal document of the Bank. 4. To approve the "Uniform principles of motivation and remuneration at VTB Group" as internal document of the Bank. 5. To approve the "Consolidated policy of VTB Group on counteraction against laundering of income from crime and financing of terrorism" as internal document of the Bank. 6. To approve the "Procedure of interaction between subsidiaries and Bank VTB in the course of Due Diligence regarding credit institutions" as internal document of the Bank. 7. To make non-arm's length deals with the Bank's affiliated persons. With all questions related to the above please turn to Corporate Secretary of SB VTB Bank (Kazakhstan) A. Mustafin, tel. + 7 727 330-41-34 unquote [2011-07-18]