ELEMENTOS DE PRUEBA

MDM Bank Board of Directors, as of 31 December 2008:

Name

First

appointed Other relevant positions and Bio Oleg Viyugin

Chairman

2007 Chairman of the Board of Directors

Member of the Audit and Risk Management Committee Member of the Strategy Committee

Member of the Nominations and Remuneration Committee Independent Director

Before joining the MDM Bank Board of Directors in 2007, Oleg headed the Federal Financial Markets Service of the Russian Federation, a position he had held since 2004. Between 1999 and 2002, he was Executive Vice-President at Troika Dialog, Russia’s oldest investment bank.

Oleg has also held a variety of senior positions within the Russian government, including First Deputy Minister of Finance, First Deputy Chairman of the Central Bank of Russia, and Extraordinary Advisor to the Prime Minister of the Russian Federation.

Upon graduating from the Department of Mechanics and Mathematics at Moscow State University in 1974, Oleg successfully defended his Ph.D. in physics and mathematics at the same university in 1977.

Sergei Popov 2002 Member of the Board of Directors Deputy Chairman of the Board of Directors

Sergei joined the MDM Board of Directors in 2002, before which he served on the boards of several blue-chip Russian companies, including RAO UES of Russia, Piping Metallurgy Company (TMK), Eurochem, and MDM Industrial Group, which he co-founded in 2000.

In 1997, Sergei co-founded Trading and Industrial Group MDM, where he took a senior role in strategy development until 1999. Prior to working at Trading and Industrial Group MDM, Sergei was a partner and commercial director at OOO Prodcontract Company. Upon graduating from Urals State Technical University with a major in heat power engineering in 1993, Sergei became a partner in the Urals-Siberia Trading and Industrial Company (USTPK), which specialized in energy and pipe trading as well as supplying raw materials to Russian metallurgical plants.

Sergei also currently sits on Board of Directors at SUEK, Russia’s leading coal supplier.

Martin Andersson

2007 Member of the Board of Directors

Chairman of the Nominations and Remuneration Committee Member of the Strategy Committee

Before joining the MDM Board of Directors in 2007, Martin also chaired the Boards of Directors at Brunswick Rail Leasing (2005-2007) and Brunswick Capital Limited (2002-2007).

In 1993 Martin co-founded the Brunswick Group, and was appointed CEO at Brunswick Brokerage in November 1993. In 1999 he became Chairman of Brunswick UBS Warburg. Between 1992 and 1993, Martin served as an advisor to the Russian government’s privatization committee, and from 1990, he worked as a consultant at Booz Allen Hamilton in Mergers & Acquisitions. Martin also sits on the Board of Directors of SUEK.

Luqman Arnold 2007 Member of the Board of Directors Chairman of the Strategy Committee

Luqman’s 35-year career has spanned commercial, investment and retail banking, insurance, asset and wealth management, and has included posts as President and Chairman of the Group Executive Board of UBS AG and CEO of Abbey National PLC. He has also worked at BNP Paribas and CSFB.

Sergei Shapiguzov

2007 Member of the Board of Directors

Chairman of the Audit and Risk Management Committee Independent Director

Since 1990, Sergei has headed FBK, a leading Russian auditing firm, and is currently a managing partner at the firm. Between 1992 and 1994, he was director of KPMG’s Russian branch.

Sergei graduated from the Department of Economics at Moscow State University in 1972. In 1981 he defended a Ph.D. in economics before earning another degree in applied mathematics and cybernetics from Moscow State University in 1984.

Edward Nassim 2007 Member of the Board of Directors Independent Director

Edward has served as Vice President for Europe, Africa, and the Middle East of the International Finance Council, a World Bank Group member, until his recent retirement. In his previous role as IFC Director of Operations in Europe from 1991 to 2006, Edward helped pioneer investments in many sectors of the Russian economy.

In 1989, Edward was appointed as IFC's first Director of Corporate Finance Services. He was involved in several transactions worldwide, including the restructuring and privatizing of some of the first, large state-owned companies in Czechoslovakia and Poland. Edward has also been involved in several advisory services initiatives in areas including corporate governance, improving the business climate in the SME sector, leasing, energy efficiency, and housing finance.

Edward holds undergraduate and graduate degrees from Imperial College, London, and an MBA from Harvard Business School.

Igor Kouzin 2008 Member of the Board of Directors

Member of the Audit and Risk Management Committee

Igor joined MDM Bank as its CEO in October 2008, where he served until the merger with URSA Bank was announced in December 2008. Igor joined MDM from DeltaCredit, where he had been CEO since 2004. Igor has ten years’ experience working for fast-growing international financial companies. Prior to joining DeltaCredit, Igor was Vice President for International Markets at Sanchez Computer Associates, Inc., a banking technology provider. He also managed the company’s activities in Central and Eastern Europe as well as Asia. Igor was one of the founders of Profile Venture Partners, which had its headquarters in the US, and from 1999 until 2002 he was a managing director there.

Igor began his career with McKinsey & Company in Toronto and Washington, D.C., where he participated in the successful initial development, launch and continued development of several banks. Mr. Kouzin has an MBA from the University of Chicago’s Graduate School of Business (GSB).

As of 31 December 2008, three Board members have the status of independent directors (as defined in Paragraph 6 of the Provisions on the Board of Directors of MDM Bank (http://www.mdmbank.com/about/ administration/directors), which corresponds to the independence criteria applied in international practice.