OREANDA-NEWS. On August 04, 2009 OJSC “VTB Bank” published in Rossiyskaya Gazeta its Notification of the ability to exercise the preemptive right to acquire common shares being offered through an open subscription, reported the press-centre of VTB Group.

In accordance with the Notification, shareholders of the Bank have the preemptive right to acquire the offered shares in an amount pro rata to the number of shares held by them as of May 13, 2009.

The preemptive right to acquire the shares may be exercised by a delivery of a written application to the offices of the offering broker  - VTB24 (CJSC) within the period from August 05 until August 24. The applications will be accepted in VTB24 (CJSC) offices on business days from 9:30 a.m. until 6:00 p.m.

After the acceptance of applications from the shareholders entitled to exercise their preemptive right to acquire the shares is completed, the Supervisory Board of OJSC “VTB Bank” will determine the price of the share offering.  The share offering price for shareholders exercising their preemptive right will not differ from the offering price in the open market.  Information on the share offering price will be disclosed by the Bank in mass media and on the official websites of VTB Bank www.vtb.ru and VTB24 (CJSC) www.vtb24.ru.

A shareholder exercising its preemptive right shall pay for the acquired shares within five business days after the disclosure by OJSC “VTB Bank” of information on the price of securities offering.