OREANDA-NEWS. February 15, 2013. NOMOS-BANK OJSC (“NOMOS” or “the Bank” or with its subsidiaries, the “Group”) hereby advises that the period for minority shareholders to tender global depositary receipts (GDRs) for its shares, which was 22 November 2012 through 5 February 2013, has expired, reported the press-centre of NOMOS-BANK.

A total of 29,705,240 GDRs have been validly tendered, representing more than 80 percent of the maximum number of GDRs and over 16 percent of the Bank’s total capital. Payments to complete the offer will be settled by 8 February 2013 (inclusive).

The tender offer was made by NomGDR Limited at USD14 per GDR. NomGDR Limited is not affiliated to the Bank or OTKRITIE Financial Corporation OJSC (“Otkritie”) but the latter is entitled to acquire control of NomGDR Limited subject to the prior approval of the Central Bank of Russia.

“A successful completion of the offer is core to the 100 percent consolidation of the Bank by the Otkritie Group,” commented Dmitry Romaev, Advisor to the President of NOMOS-BANK.

Previously, Otkritie has entered into a preliminary agreement to consolidate up to 78.55 percent of NOMOS’s ordinary shares but no relevant restructuring resolutions have been passed as of yet.

Thus, NOMOS’s total stock to be consolidated on Otkritie’s books under the existing agreements is to be more than 95 percent. Once this is completed, Otkritie may, in due course and subject to the regulator’s consent, announce a compulsory buyout of the remaining shares.