OREANDA-NEWS. August 29, 2008. Dear Colleagues, We refer to  "Kommersant" newspaper where an article "ICBC is going to "Loubyanka" is published. Full text of article:
http://www.kommersant.ru/doc.aspx?fromsearch=9acf088e-0ea0-408c-9ff1-ea6781d6c991&docsid=1017561

The article informs that the biggest bank in the World - Industrial and Commercial Bank of China (ICBC) - nearly completed transaction of purchase of RosEvroBank. In this connection RosEvroBank would like to say that over the past 2 years shareholders of RosEvroBank are looking for strategic investor.

Within the frameworks of this work shareholders conducted meetings with the leading foreign banks from different regions around the world, however, we never conducted negotiations with ICBC. For the time being there are no written agreements with any foreign bank. In view of the current crisis on the international financial markets RosEvroBank attracts attention from the side of porential investors and we will continue to look for strategic partner.

Also please find enclosed an interview of Deputy Chairman Mr.Dmitry Pavlov to "Vedomosti" newspaper: http://www.vedomosti.ru/newsline/index.shtml?2008/08/29/644627