OREANDA-NEWS. April 27, 2009. Dear clients and partners, With regard to media reports that appeared in Interfax-Urals and Vedomosti on 24 April 2009 and 27 April 2009, respectively, speculating on the alleged acquisition of a stake in JSC Siboilbank by Otkritie Securities Limited, a subsidiary of OTKRITIE Financial Corporation Ltd., please be advised as follows, reported the press-centre of OTKRITIE:
 
OTKRITIE Financial Corporation Ltd. is not planning to acquire a stake in JSC Siboilbank to further strengthen the company's banking business. 
 
As a matter of fact, the acquisition of a 7.24% stake in JSC Siboilbank by Otkritie Securities Limited is an agent operation for and on behalf of the client. Otkritie Securities Limited is a licensed investment company and clearing broker in Great Britain. Regulated by FSA, the company provides brokerage, asset management, and investment advisory services across a broad range of asset classes.

Yours sincerely, Vadim Belyaev, OTKRITIE FC CEO