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Licenses

General Licenses of the Bank of Russia for Performing Banking Operations No.3291 dated October 07. 1999

Certificate of the Bank’s Registration in the Register of Banks Participating in the Compulsory Bank Deposit Insurance System No. 601 dated February 9. 2005

License of a Stock Exchange Intermediary No. 767 dated September 8. 2005 for Performing Futures and Option Transactions in Stock Exchange Trade in the Russian Federation issued by the Federal Services of Financial Markets. The license is valid to September 7. 2008

License of a Professional Securities Market Participant No. 077-08877-100000 dated January 31. 2006 for Performing Dealer Activities issued by the Federal Service for Financial Markets. No restrictions on the term of validity.

License of a Professional Securities Market Participant No. 077-08882-100000 dated January 31. 2006 for Performing Dealer Activities issued by the Federal Service for Financial Markets. No restrictions on the term of validity.

License of a Professional Securities Market Participant No. 077-08887-100000 dated January 31. 2006 for Performing Dealer Activities issued by the Federal Service for Financial Markets. No restrictions on the term of validity.

License of a Professional Securities Market Participant No. 077-08888-100000 dated January 31. 2006 for Performing Dealer Activities issued by the Federal Service for Financial Markets. No restrictions on the term of validity.

Center Licensing, Certification and Protection of National Security Information of the Federal Security Service of Russia. License for Performing Technical Maintenance of Security Coding (Cryptographic) Devices No. Б 349008 dated November 10.2005

Center Licensing, Certification and Protection of National Security Information of the Federal Security Service of Russia. License for Performing the Distribution of Security Coding (Cryptographic) Devices No. Б 349008 dated November 10.2005

Center Licensing, Certification and Protection of National Security Information of the Federal Security Service of Russia. License for Providing Services in the Area of information Encryption No. Б 349008 dated November 10.2005

Federal Customs Service of Russia. Certificate of Acting as a Guarantor for Customs Authorities No. 77 dated June 1. 2006