Bank shares begin trading on MICEX

Trading of shares of “Bank “Saint-Petersburg” Open Joint-Stock Company in the “V” quotation list of the Moscow Interbank Currency Exchange (MICEX) is to begin on 10 December 2007 under the temporary ticker symbol BSPB-013D.

It is expected that within three working days, OTC trading of BSPB’s unlisted global depositary receipts (“GDRs”) will be frozen. Subsequently, The Company’s depositary programme will be terminated and all GDRs should be converted into ordinary shares.