OREANDA-NEWS. December 5, 2007. On 30th November 2007 the Head Department of the Bank of Russia for Saint Petersburg registered a report on the results of the additional issue of the ordinary shares in Bank "Saint Petersburg".

The additional issue included 50.75 million ordinary shares of the par value 1 ruble. The shares were placed through an open subscription.

Bank of New York acted as a depositary bank in the placement program for the global depositary receipts (GDR), which didn’t pass the listing, and became a holder of 12.6% of the ordinary shares in Bank "Saint Petersburg".

It is expected that the trading with the shares of the additional issue of Bank "Saint Petersburg" starts on RTS and MICEX not later than 14th December 2007.

We’d like to remind that on 2nd November 2007 Bank "Saint Petersburg" declared the prices of the ordinary shares of the additional issue offered through an open subscription and of the global depositary receipts, which didn’t pass the listing. The offer prices were US$5.4 per a share and US$16.2 per a GDR.