Members of the Board of Directors

Annual report 2010

# Members of the Board of Directors

On 25 June 2010, the Annual General Meeting of Shareholders elected two new independent directors, V Khartov and M Eskindarov, who replaced R Willumstad and A Zhizhaev. All other members of the Board of Directors were re-elected for a new term.

Otar L. Margania
Chairman of the Board of Directors, Non-executive Director

Born in 1959

Mr. Margania is the Dean of the Economics faculty of St Petersburg State University. Previously, he was a Senior Vice-President at Bank VTB. Since 2003, he has been a member of the Board of Directors of Bank Vozrozhdenie, and he was previously a member of Human Resources and Compensation Committee. He has been Chairman of the Board of Directors since June 2010.

Mr. Margania graduated from Leningrad State University and dedicated 15 years to science.

In 2009, he was awarded an Order of Honor in accordance with a Russian presidential decree.

Share in authorized and issued capital: 18.65%

Dmitry L. Orlov
Executive Director

Born in 1943

Mr. Orlov is the Chairman of the Trustee Fund of the Moscow Financial Academy, a member of the Russian Banks Association, and a member of the Representatives Council of Banks Authorized by the Mayor of Moscow.

Mr. Orlov graduated from the Credit faculty of the Moscow Finance Institute (now, the Financial Academy under the Government of Russia). He worked in the Gosbank system for about 20 years, and in 1988 he became the Head of the Moscow Regional Department of Agroprombank of the USSR.

Mr. Orlov has been awarded the title “Honored Economist of the Russian Federation”. He has also been awarded the medal of the Order of Ivan Kalita, the medal “In Memory of the 850th Anniversary of Moscow”, the medal “For Strengthening Military Cooperation”, the mark of distinction “For Contribution to Moscow Region”, the award of the Governor of Moscow Region “For Contribution”, the award of the Governor of the Moscow Region “In Gratitude”, and the mark of distinction “For Impeccable Service to the City of Moscow”.

Mr. Orlov has been working with the bank since its foundation as Chairman of the Management Board and has been a member of the Board of Directors for over 15 years.

Share in authorized and issued capital: 30.70%

Lyudmila A. Goncharova
Executive Director

Born in 1958

Mrs. Goncharova manages the Economic Council, and the Bank’s Credit and Investment Committee and Client Committee. She is also responsible for the activity of the Credit, Asset Restructuring, Corporate Business and Legal Departments of Bank Vozrozhdenie. Mrs. Goncharova has been working at Bank Vozrozhdenie since its foundation. She has been a member of the Board of Directors since 1996.

Mrs. Goncharova graduated from the Ternopol Financial-Economic Institute.

Mrs. Goncharova is also Chairwoman of the Board of Directors of V-REGISTR CJSC, as well as a member of the Board of Directors of Baltiyskiy Kurort LLC and OJSC Yunost’.

Mrs. Goncharova has been awarded the medal of the Order of Ivan Kalita, the Honor “For Contribution to Moscow Region”, and the Honor of the Governor of Moscow Region “For Contribution”. She was also named “Honored Economist of Moscow Region”.

Share in authorized and issued capital: 1.25%

Alexander V. Dolgopolov
Executive Director

Born in 1961

Mr. Dolgopolov heads Retail Banking, Shareholder Relations, Marketing, and Cash Operations. He has been with the Bank since 1994 and has been a member of the Board of Directors since 1997.

Mr. Dolgopolov graduated from the Moscow G. V. Plekhanov Institute of National Economy with a Candidate of Economic Science degree. He has a qualification certificate that gives him the right to carry out professional activities on the securities market.

Mr. Dolgopolov has been awarded the Honor of the Governor of Moscow Region “In Gratitude” and “For Contribution and Dedication”.

Share in authorized and issued capital: 0.36%

Valeriy P. Zhigulich
Independent Director

Born in 1952

Mr. Zhigulich is General Director of Federal Scientific Manufacturing Company “Krasnogorsk plant named after S À. Zverev”. He became a member of the Bank Vozrozhdenie’s Board of Directors in 2007 and has been a member of the Audit Committee since 2010.

Mr. Zhigulich graduated from the Sverdlovsk Institute of National Economy in 1980.

Mr. Zhigulich has been named “Honored Economist of the Russian Federation”, “Honorable Mechanical Engineer”, and “Honored Worker of the Arms Industry”. He is also a laureate of the Russian Government prize in the field of science and engineering.

Share in authorized and issued capital: 0.002%

Nikolay S. Zatsepin
Non-executive Director

Born in 1951

Mr. Zatsepin is CEO of Mozhaisk Wholesale and Retail Trade Company, General Director of SP-Dorohovo-NK and the Director of Edelweiss. He has been a member of the Board of Directors at Bank Vozrozhdenie since 1994 and is a member of the Audit Committee.

Mr. Zatsepin graduated from the Moscow Institute of Civil Aviation Engineers.

Share of authorized and issued capital: 0.16%

Yury M. Marinichev
Non-executive Director

Born in 1937

Mr. Marinichev is Chairman of the Board of the Moscow Regional Union of Consumer Cooperation. Previously, he was Chairman of the Management Board of the organization. He is a member of the International Academy of Information, Information Processes and Technologies. He has been a member of the Board of Directors at Bank Vozrozhdenie since 1990 and was Chairman of the Board from 1994 to 2009.

Mr. Marinichev graduated from the Moscow Transport Institute and from the Industrial Production and Construction Organization faculty of the Moscow Engineering and Economics Institute.

Mr. Marinichev was awarded the Honor “For Contribution to the Motherland” IV class and “Honor Sign”.

Share of authorized and issued capital: 0.23%

Nikita S. Mikhalkov
Independent Director

Born in 1945

Mr. Mikhalkov is a film director, script writer, actor, producer and public figure. He is a National Artist of the RSFSR and was three times awarded the State Award of Russia. He is a member of the Presidium of the Culture and Art Council under the President of the Russian Federation.

Mr. Mikhalkov is the Chairman of the Management Board of Studia TRITE, the President of the Russian Cultural Fund, and the Chairman of the Union of Russian Cinematographers. He is a member of the Human Resources and Remuneration Committee at Bank Vozrozhdenie.

Mr. Mikhalkov graduated from Producer Faculty of the All-Russia State Institute of Cinematography in 1971.

The films made by Mr. Mikhalkov have received international recognition and have received a great number of awards, including an Oscar in 1994 for the film Burnt by the Sun and a special Golden Lion in Venetian Filmfest for the film 12 in 2007.

Mr. Mikhalkov has been awarded with such Honors as “Labor Red Banner”, “For Contribution to the Motherland” III and II classes, and the Honor of Sergey Radonezhskiy I class. He is a Knight (1992) and a Commander (1994) of the Legion d’Honneur (France). In 2004 he was awarded with Knight Grand Cross and Vittorio De Sica prize. In 2005, he was awarded the highest Russian public honor “For Labor and the Homeland” of Alexander Nevskiy.

Share of authorized and issued capital: 0%

Vladimir G. Panskov
Independent Director

Born in 1944

Mr. Panskov is a doctor of economic science, professor of the Moscow G.V. Plekhanov Institute of National Economy, professor of the All-Russian Financial and Economic Institute, a member of the International Academy of Corporate Governance and the Russian Academy of the Natural Sciences, and a member of the Board of Directors of Bankhaus Erbe. He is Chairman of the Audit Committee at Bank Vozrozhdenie.

Mr. Panskov graduated from the Moscow Financial Institute.

Mr. Panskov was previously an Auditor in the Audit Chamber of the Russian Federation. He has been awarded the medals “Honor” and “Veteran of labor”.

Share of authorized and issued capital: 0.003%

Yury V. Poletaev
Independent Director

Born in 1943

Mr. Poletaev is a member of the Human Resources and Compensation Committee of Bank Vozrozhdenie.

Previously he was the Chairman of the Management Board and a member of the Board of Directors of Vneshtorgbank. He also was the Director of Moscow National Bank in London.

He graduated from the Moscow Financial Institute.

Share of authorized and issued capital: 0%

Viktor V. Khartov
Independent Director

Born in 1955

Mr. Khartov is a chief designer and CEO of FSUE “Scientific and production union named after S. A. Lavochkin”. Previously he was a deputy chief designer on electricity planning and management system JSC “Informational satellite systems named after M. F. Reshetnev”. He has been a member of the Board of Directors at Bank Vozrozhdenie since 2010.

Mr. Khartov graduated from Tomsk Polytechnic University. He holds a Doctor of Engineering science degree. He has been awarded the “Laureate of Government Prize in the Field of Science and Engineering for 2008” and was named “Honored Designer of the Russian Federation” in 2009.

Share of authorized and issued capital: 0%

Mukhadin A. Eskindarov
Independent Director

Born in 1951

Mr. Eskindarov has been rector of the Financial Academy under the Government of the Russian Federation since 2006 and was a first pro-rector from 2002. He has been rector of the Financial University under the Government of the Russian Federation since 2010. He is the Chairman of the Human Resources and Compensation Committee at Bank Vozrozhdenie.

At present, he is a member of the Board of Directors of TMK and MInB, as well as a member of the Supervisory Board of Bank VTB.

Mr. Eskindarov graduated from the Moscow Finance Institute in 1976 with a degree in Finance and Credit. He holds a Doctor of Science degree, and is a professor and an honored figure of science in the Russian Federation.

Share of authorized and issued capital: 0%

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## Remuneration to Members of the Board of Directors

The amount of remuneration paid to members of the Board of Directors is defined on the basis of the personal contribution of each director in achieving the Bank’s development objectives, as well as the position occupied in the Board of Directors. Executive directors are not paid additional remuneration for participation in the activity of the Board of Directors. The amount of remuneration paid to the Chairman of the Board of Directors shall not exceed RUB3 million per annum. The amount of remuneration paid to independent directors and chairmen of committees of the Board of Directors shall not exceed RUB1.5 million per annum. The amount of remuneration paid to other members of the Board of Directors shall not exceed RUB600,000 per annum.

In accordance with the resolution by the Annual General Meeting of Shareholders dated 25 June 2010, the amount of remuneration paid to members of the Board of Directors for 2010 was RUB9,321,216.

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