Russia Finance Corporation to buy 29.923% of NOMOS-BANK additional issue shares

Participants in NOMOS-BANK’s extraordinary meeting of shareholders have voted in favour of approving the deal, under which the Bank’s existing shareholder — Russia Finance Corporation (RFC), a company representing the interests of the Czech PPF Group, will acquire 29.923% of additional issue shares.

The price of placement has been set at 720 Roubles per one nominal common stock share. RFC will buy 1,953,340 out of 6,527,778 total additional issue shares. Thus, the value of the package to be acquired by the Company will exceed 1.4 milliard Roubles. NOMOS-BANK’s own capital will increase by 4.7 milliard Roubles to reach 30.1 milliard Roubles.

The placement will be carried out via closed subscription with the participation of Russia Finance Corporation B. V., Lobston Enterprises Limited, Polyprom Holding B. V., Stanhigh Limited, Vitalscope Limited, representing the interests of the Bank’s current shareholders.

The placement of additional issue shares will be completed during the current week. The number of shares acquired by each participant will be disclosed after completing the placement. As reported earlier, the distribution of shares under which Russian shareholders retain the Bank’s controlling stock, will remain unaffected following the completion of the additional issue.

The increase in the Bank’s capital has been necessitated by the growth of its assets, as well as the implementation of a large-scale regional expansion programme in 2008—2010. In accordance with its plans for the current year, the Bank intends to double the total number of regional offices, thus, ensuring its presence in all major Russian cities.