OREANDA-NEWS. July 4, 2008. The Bank of Moscow advises it shareholders that, from 3 July, 2008, an additional placement of the Bank’s shares will be launched among the shareholders enjoying the preemptive right to acquire securities. Holders of ordinary, registered shares (included on the shareholders’ register as of 15 April, 2008) may, within a period of 45 days of the launch of the placement, exercise their pre-emptive purchase right.

The additional shares to be placed number 7 358 648. The placement price with respect to the pre-emptive right (for shareholders in the Bank) is 1081 roubles per share.

More detailed information about the terms of the share placement can be found on the Bank of Moscow website at www.mmbank.ru in the section "Information about the Bank/Information about the issuer".