Estimación inicial material de aporte

The Management Board, as of April 2, 2009:

Name

Position

with MDM Bank Bio

Igor Kim Chairman of

the Management Board

Chief Executive Officer (CEO)

Following the announcement of the planned merger between MDM Bank and URSA Bank in December 2008, the MDM Bank Board of Directors appointed Igor as CEO and Chairman of the Management Board of MDM Bank.

Since 2006, Igor had been Chairman of the Board of Directors and Chairman of the Strategy Committee at URSA Bank, which was created when Uralvneshtorgbank and Sibacadembank merged. Prior to the merger, Igor served as Chairman of the Board of Directors of Sibacadembank, where he began working in 1997, and Chairman of the Supervisory Board of Uralvneshtorgbank, in which he had acquired a stake in 2004.

Between 2001 and 2004, Igor served as Chairman of

the Management Board of Bank Caspian in Kazakhstan. He began his banking career in 1993 at Russky Narodny Bank as Deputy Chairman of the Management Board.

Igor graduated from Novosibirsk State University with a degree in Economic Cybernetics in 1990.

Alexey Drobot Deputy Chairman

of the Management Board

Head of Corporate & Investment Banking

Alexey was appointed Head of Corporate & Investment Banking in October 2007, and in November 2007, he joined the Management Board. Previously, Alexey was the Head of MDM Bank’s Corporate Banking, where he implemented the Bank’s strategic objectives in working with corporate clients and managed the Bank’s corporate banking divisions.

Alexey joined MDM Bank in 2001 as Head of the Credit Department of the Novoarbatsky office. Successive

appointments included Deputy Head of the Client Department of the Sukharevsky office as well as Head of the Central District Client Department. In 2006, he was appointed Head of the Moscow Network Development Department, where he managed large corporate client origination and client services.

Prior to joining MDM Bank in 2001, Alexey worked as Commercial Director and Deputy General Director of Finance at various companies. In 1999, he started his career in banking as a senior credit expert at KMB Bank.

Alexey graduated from the Leningrad Military-Naval College. In 1998, he received a degree from the Norilsk Industrial Institute and, in 2001, received a degree with honors in Finance and Credit from the State Academy of Finance.

Svetlana Mironova Deputy Chairwoman of the Management Board Head of Network Management Unit

Svetlana was appointed Deputy Chairwoman of the MDM Bank Management Board and Head of the MDM Network Management unit in March 2009. She oversees issues relating to the operation, efficiency and development of the Bank’s regional network. Svetlana joined MDM Bank from URSA Bank, where she was a deputy general director and head of the Urals division of the Bank from 2007. From 2005 to 2007, Svetlana was a deputy general director and management board member at Sibacadembank, where she was in charge of corporate banking. Prior to that, from 2002, she headed the Kuzbasskiy branch. Svetlana began her banking career in 1995 as an accountant at Russkiy Narodniy Bank. Following Russkiy Narodniy Bank’s merger with Sibacadembank, she was a directorate head and then deputy director of the Kusbasskiy branch.

Svetlana graduated from the Novosibirsk Engineering and Construction Institute in 1993 with a degree in Construction Economics and Management.

Tatyana Pupkova Deputy Chairwoman of the Management Board

Chief Operating Officer

Tatyana joined MDM Bank in 2008 as Chief Operating Officer, and was appointed Deputy Chairman of the Management Board in 2009.

Prior to joining MDM, Tatyana was Chairman of the Management Board at Etalonbank (formerly JSC Zheldorbank), a position she took after resigning from a similar position at Uralvheshtorgbank. Previously, Tatyana worked at Kaspiyskiy Bank, where she was promoted from Director of the Operating Department to Deputy Chairman of the Management Board, and KRAMDS Bank, a commercial innovation bank in Kazakhstan.

Tatyana holds diplomas and degrees from the Institute of Energy, the Kazakh State Academy of Management’s Market Institute, and the Adilet Higher School of Law. She speaks fluent English. Vadim Sorokin Deputy Chairman

of the Management Board

Chief Financial Officer (CFO)

Vadim was appointed Chief Financial Officer (CFO) of MDM Bank in October 2008. His candidacy for the position of Deputy Chairman of the MDM Bank Management Board was submitted in November 2008.

Prior to joining MDM Bank, Vadim worked at Deloitte and Touche (later Deloitte) CIS from 1997 to 2008. He became a partner in 2001 and managed the company’s financial institutions service practice. From 1989–1997, He worked variously as the financial director for Eastern European Investment Alliance, vice president for finance at Alba Alliance Bank as well as the chief accountant at a transport company. Vadimbegan his professional career at KPMG.

He is a graduate of the Moscow Finance Institute, with a major in Accounting, Analysis and Audit.

Konstantin Leonov

Managing Director of the Direct Investments Management Department

Konstantin was appointed as Managing Director of the Direct Investments Management Department in March 2009. The Department works with clients’ problem loans from specific sectors of the economy.

From October 2007 until his recent appointment, Konstantin was Head of Network Management. He has been a member of the Bank’s Management Board since January 2008 and has been with the Bank since 2001. From November 2001 through October 2007, he worked as Head of the MDM Bank Branch in Rostov-on- Don.

He started his career in banking in December 1995 at the Rostov branch of JSCB INKOMBANK as a specialist in Securities Trading. In 1997, he was appointed Head of Securities Trading and in 1999 Head of the Branch. In November 1999, he moved to the Rostov branch of Vneshtorgbank as Deputy Head of the Branch. Konstantin graduated from the Rostov-on-Don Institute of National Economy (RINH) in 1994 with a degree in Finance, Credit and Monetary Circulation.

Oleg Novolodskiy Head of Risk Management

Oleg joined MDM Bank in April 2009 as Head of Risk

Management. His responsibilities include control of credit, market and operational risks. Oleg will officially join on the Management Board following approval of his candidacy by the Central Bank of Russia.

Oleg joined MDM Bank from URSA Bank, where he was Managing Director in charge of risk management. In March 2006, he joined URSA from the Central Bank of Russia’s Novosibirsk office as Managing Director of Sibacadembank. From 1993 to 2006, Oleg worked in the head office of the Central Bank of Russia’s Novosibirsk office.

In 1994 Oleg graduated from Novosibirsk State University with a degree in Economic Cybernetics.

Tatyana Raimova Member of the Management Board

Managing Director of Retail Banking

Tatyana joined MDM Bank in 2008 as Managing Director of Retail Banking. In March 2009 she became a member of the Management Board.

Prior to joining MDM Bank, Tatyana worked at insurance company ZapSib ZhASO,, where she managed all business processes. Between 2007 and 2008, she was Deputy General Director at URSA Bank, in charge of the Siberian retail banking business, the processing center, the contact center and the professional training center.

From 2002 until joining URSA, Tatyana worked at Sibacadembank as Head of the Credit and Debit Cards Department, prior to assuming an active role in developing retail banking services. Tatyana has also held various positions at BashKreditBank and the Novosibirsk Bank, and has over 12 years experience in the banking sector.

Tatyana graduated from the Novosibirsk Economics Institute with a degree in Economics in 1989.

Konstantin Rogov

Head of Treasury Konstantin was appointed Head of newly-formed Treasury, which includes a section of Corporate & Investment Banking, in March 2009. Konstantin will become a formal member of the MDM Bank Management Board following approval of his candidacy by the Central Bank of Russia.

From November 2008, Konstantin was Deputy Head of Corporate & Investment Banking. He joined MDM Bank as the Head of Treasury in 2003.

Before his career at MDM Bank, Konstantin was Head of the Treasury Department at Impexbank from 1998. Between 1995 and 1998, Konstantin worked at Russian Credit Bank, where he was eventually promoted to head the treasury department. He has worked in the banking industry since 1994, and has experience dealing with securities trading, liquidity management, as well as assets and liabilities.

Konstantin graduated from the Moscow Institute of Physics and Technology in 1993, with a degree in Applied Physics and Mathematics. In 1997, he graduated from the Russian State Academy of Finance with a degree in Finance and Credit.

Invited to the Management Board on a Permanent Basis

Julia Kochetygova

Director of Corporate Relations

Julia was appointed Director of Corporate Relations of MDM Bank in June 2007. She coordinates the Bank’s external relations, including relations with investors, government organizations and the press as well as social programs.

Prior to joining MDM Bank, Julia was Director of Governance Services at Standard & Poor’s (S&P), where her responsibilities included global management of Corporate Governance Scores (CGS), business development as well as analytical due diligence of corporate governance practices in Russia and other emerging markets. In her previous position at S&P, Julia was responsible for the company’s business development in Russia and the CIS. Before joining S&P in 2000, Julia held a number of senior executive and analytical positions at SKATE Information and Consulting Agency (1995–1999) as well as teaching and undertaking research at the Higher School of Economics and the Institute of Economics at the Russian Academy of Sciences. Julia graduated from the Plekhanov Moscow Institute of National Economy as well as the World Bank School of Market Economy. She holds a Ph. D. in Economics.

Departures New Members*

June 2008 N. Blatova January 2008 K Leonov

November 2008 A. Ilyin February 2008 S. Babayan

November 2008 S. Babayan September 2008 M. Egorov

December 2008 M. Perhirin December 2008 I. Kim

February 2009 O. Mashtalyar December 2008 V. Sorokin

March 2009 M. Egorov March 2009 S. Mironova

April 2009 O. Novolodskiy

|*| Date that the Management Board Members’ appointment was approved by the RF Central Bank.

Management Board, Chief Executive Officier I. Kim Board of Directors О. Viyugin Internal Audit J. Molotkovskaya Board of Directors Committees:

Audit and Risk Management Strategy Nominations & Remunerations

Management Board Committees: Credit, ALCO, Tariffs, Counteragents & Financial Instruments

Consultative Bodies

Change Management Committee, Main Management Council, Extended Management Council

Group Strategic Business Units Group Corporate Services Centre

Corporate and Investment Banking A. Drobot Treasury K. Rogov Private Banking V. Lewis Retail Banking T. Raimova Risks O. Novolodskiy Network S. Mironova Finance V. Sorokin Compliance Control А. Savushkin Distressed Assets S. Shaporenko Operations Т. Pupkova Corporate Relations J. Kochetygova Business Support D. Kuznetsov Strategic Development М. Mazzarelli Direct Investments Management Department K. Leonov |*| Information current as at 2 April 2009.