OREANDA-NEWS. May 14, 2008. URSA Bank (RTS: URSAP) announces that the Companys Board of Directors set the date of the annual general meeting of shareholders to be June 20, 2008. The Board also made recommendations on the size of dividends on the Banks shares for the approval of the shareholders meeting, to be payable to shareholders per share register record date of May 13, 2008. In particular, the recommended dividend on Class 3 preference shares is USD0.08, or USD22,733,076.80 in total.

The full text of the protocol will be available on URSA Banks website shortly.