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EGM Statement

3rd Sep 2007 17:18

JSC VTB Bank03 September 2007 3 September 2007 On VTB Bank EGM cancellation On September 3, 2007 the Supervisory Council of VTB Bank (open joint-stockcompany) canceled its decision dated August 9, 2007 on convocation ofExtraordinary General Shareholders Meeting scheduled for September 27, 2007,which had to decide on reorganization of JSC VTB Bank by merger of OJSC VTB BankNorth-West into JSC VTB Bank. OJSC VTB Bank North-West is planning to maintain valid the offer to itsshareholders to buy-back or swap to JSC VTB Bank's shares, the shares of OJSCVTB Bank North-West. The final terms and conditions of buy-back or swap will beannounced additionally. -ends- Enquiries: VTB Tel: +7 (495) 739 77 99Nataly Loginova e-mail: [email protected] Mokeeva NOTES TO EDITORS About VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. END This information is provided by RNS The company news service from the London Stock Exchange

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