Annual General Shareholders' Meeting Held by the Bank

The Annual General Shareholders' Meeting of Bank Saint Petersburg held on June 19, 2014 summarized the Bank's performance for the year 2013.

The Meeting approved the Bank's Annual Report 2013 and the Annual Financial Statements, including the income statement and profit distribution based on the 2013 results. Other documents approved at the AGM included the amended and restated Charter of the Bank, as well as various amendments to the Regulations on the Bank's Supervisory and Management Boards.

The Meeting passed a resolution to pay out dividend for 2013 on both preference and ordinary shares at 11% of their par value.

FBK LLC was approved as the Bank's RAS auditor for 2014.

The Meeting elected the Revision Committee consisting of 5 members and passed a resolution approving related-party transactions to be entered into in future before the next Annual General Shareholders' Meeting.

The newly elected Supervisory Board will consist of the following members: Susan Gail Buyske, Andrey P. Bychkov, Vladimir A. Garyugin, Alexey A. Germanovich, Vladislav S. Guz, Andrey T. Ibragimov, Elena V. Ivannikova, Feliks V. Karmazinov, Nina V. Kukuruzova, Marlen G. Manasov, Alexander I. Polukeyev, Alexander V. Pustovalov, Alexander V. Savelyev.

The following members resigned from the Supervisory Board: Indrek Neivelt, Zakhar D. Smushkin.

It is further envisioned that in the nearest future, following the approval of relevant amendments to the Bank's Charter by the regulating authority, the Supervisory Board will be chaired by Alexander Savelyev who will leave the position of Chairman of the Bank's Management Board which he continuously held for the past 13 years. It is assumed that, once all necessary consents are obtained, the next appointee to this position will be Vladislav Guz.

Mr. Guz has been with Bank Saint Petersburg for 10 years: in 2004 he joined its team as Deputy Chairman of the Management Board, and was further promoted to First Deputy Chairman in 2009. Over his time with the Bank Mr. Guz supervised BSPB's cooperation with its largest corporate customers and SMEs, the Bank's Moscow-based business, as well as acted as Chairman of the Management Board at times of Mr. Savelyev's absence. Vladislav Guz is a top level professional well known to the market players meeting all qualification requirements to become the chief executive of a credit institution.

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