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New Center-invest Bank Board of Directors

At the AGM on 11 June 2013 the shareholders of Center-invest Bank approved the new composition of the Board of Directors, agreed to a dividend payment for 2012, and approved the joint stock company’s annual report and financial statements for 2012.

Center-invest Bank paid a total of RUB250.75m in dividends, equivalent to 23% of its annual profits. Dividends on ordinary shares totalled RUB232.65m, calculated at three rubles per share with a par value of ten rubles (30% of par). A total RUB18.098 was paid out on preference shares (20% of par).

The AGM also approved the annual report and financial statements for 2012 and elected a seven-person Board of Directors. The returning board members are: independent director Ernste Welteke; Dr Vasily Vysokov (Professor and Doctor of Economics), Tatiana Vysokova (PhD in Economics and Reader), Michael Neumayr (Doctor of Law), and Andreas Zeisler. Olga Vysokova and Dr Hans Unterdorfer were newly elected to the Board. This planned rotation of the members of the Board of Directors supports the implementation of programmes to create a common central and eastern European financial space, on the basis of best international practice.

Center-invest Bank is the largest regional bank in southern Russia and one of the top 50 banks in the whole country (out of approximately 1200 banks). Its shareholders include: the European Bank for Reconstruction and Development (EBRD), which owns 27.45% of the voting shares of the bank, the German Investment and Development Company (DEG) — 22.45%, Dr Vasily Vysokov and Mrs Tatiana Vysokova — 17.85%, Erste Group Bank (Austria) — 9.8%, and CJSC Depositary Clearing Company (Moscow, nominee shareholder) — 8.1%. Center-invest Bank’s branch network comprises 140 branches and sub-branches in the Rostov and Volgograd Regions, Krasnodar Krai and Stavropol Krai. The bank also has representative offices in Moscow and London.

Olga Vysokova

Member of the Board of Directors of Center-invest Bank. Olga Vysokova also retains her position as Deputy Chairman of the Executive Board, overseeing work with international financial institutions and the treasury operations. She will also continue her role as director of the bank’s representative office in London.

Ms Vysokova has worked for Center-invest Bank since 2003. Since 2007 she has been responsible for raising capital and long-term finance as Deputy Chairman of the Executive Board for International Relations and Financial Institutions. Prior to joining Center-invest Bank, Ms Vysokova had lengthy internships with Commerzbank (Frankfurt), Rabobank (London), and Ernst & Young (Moscow).

Ms Vysokova graduated from Moscow State Institute of International Relations with a degree in international economic relations. She also has a Master’s in Finance and International Banking from Cass Business School (London). She is married and has two children.

Dr Hans Unterdorfer

CEO Tiroler Sparkasse, Innsbruck

Since 1 March 2011 — Chairman of the Executive Board of Tiroler Sparkasse

In 1989 Dr Unterdorfer graduated from Innsbruck University (Austria) with a degree in political science and Slavonic studies. In 1993 he received a doctoral degree in law from Innsbruck University. During his studies he had internships with Tiroler Sparkasse Bank AG and Raiffeisen-Zentralkasse Tirol. In 1993 he was appointed General Director of Raiffeisenbank Zirl. In 1997 he headed the Credit Products Department at Raiffeisen-Landesbank Tirol. In 1998 he worked on internal management and development issues. In 2003 he received an MBA from Harvard University and in the same year he became a member of the Board of Raiffeisen-Landesbank Tirol AG. From 2003-2007 he studied the economics of medicine, and he defended a doctoral dissertation on PPP in the financing of medical institutions. He is married with three children.