Documents re AGM of Shareholders

11 May 2011

VTB Bank files Documents for 2011 Annual General Meeting of Shareholders

VTB Bank today announced that it has filed its documents for the Annual General Meeting of the Bank's Shareholders ('AGM') to be held on June 3, 2011, with the Financial Services Authority ('FSA'), according to the London Stock Exchange Listing Rules.

The documents provided to the FSA are as follows:

·; Annual report

·; Notice of meeting

·; Form of proxy

The AGM is to take place at: 24, bldg.2 Luzhniki, Moscow , the Russia State Concert Hall. Registration of the AGM participants will start at 10:00 a.m. on June 3, 2011. The AGM will open at 12:00 on June 3, 2011.

Holders of record on April 21, 2011 of Depositary Receipts (each representing two thousand (2000) ordinary shares) of VTB Bank will be notified by The Bank of New York Mellon (as Depositary).

To review all materials related to an upcoming Annual General Meeting for JSC VTB Bank please visit website: www.vtb.com. Materials will be available effective May 13, 2011.

VTB Banks 2010 annual report contains its audited consolidated financial statements and related management's discussion and analysis.