Subsidiary Organization JSC VTB Bank (Kazakhstan) announces December 30, 2011 decisions of Board of Directors

/KASE, January 11, 12/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE) are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that on December 30, 2011 its Board of Directors took the following decisions: quote 1. To appoint Olga Dergunova, member of the Bank's Board of Directors, the Chairman of the Bank's Board of Directors, effective from December 30, 2011. 2. To approve setting of the financing limit for a group of companies to the amount of USD27,000,000 (twenty seven million). 3. To approve setting of the financing limit for an LLP to the amount of not more than KZT2,068,080,000 (two billion sixty eight million eighty thousand), which is equivalent to USD14,000,000 (fourteen million). 4. To take note of the Bank's management reports for the reporting period. 5. To make an Agreement between Subsidiary Organization JSC VTB Bank (Kazakhstan) and European Bank for Reconstruction and Development on a revolving credit facility. 6. To conclude a non-arm length deal with an affiliated person of the Bank. unquote [2012-01-11]