OREANDA-NEWS. The information contained in this announcement is restricted not for the publication, distribution or release into Australia, Canada Japan or the United states of America. VTB announces start of dealing in its ordinary shares in Russia

JSC VTB Bank (“VTB”) today announces that dealing in its ordinary shares on the MICEX and RTS in Moscow, Russia, under the symbol “VTBR” will commence on May 28, 2007 following the registration of the placement report with the CBR.

Admission of Global Depositary Receipts (”GDRs”), each representing an interest in 2000 ordinary shares, to the Official List of the UK Listing Authority, and dealing of the GDRs on the London Stock Exchange under the symbol “VTBR”, took place on May 17, 2007.