Group news

VAB Bank redeemed UAH 70 million G-series bonds
On 2 March 2009, VAB Bank redeemed UAH 70 million of the domestic G-series bonds after the bondholders had exercised their put option and paid coupon (13% p.a.) in the amount of UAH 2.25 million on the same date. The G-series bonds were redeemed in full before the maturity date of 28 February 2011.

OJSC Sumykhimprom Paid Interest Income for 5th Coupon Period on B Series Bonds
On 2 March 2009, OJSC Sumykhimprom through its paying agent OJSC VAB Bank disbursed interest income on B series bonds for the fifth time. The amount paid was hrivnia 59.84 per bond.

KARDAN REACTION TO BLOOMBERG ARTICLE
Amsterdam 27 February, Kardan N.V. ("Kardan") would like to clarify several points made in a Bloomberg article based on an interview with the Chairman of the Management Board.

Tatiana Landina is appointed as VAB Bank CFO
The Supervisory Board of VAB Bank appointed Ms. Tatiana Landina as Deputy Chairman of the Management Board and Chief Financial Officer. Ms. Landina took the office on 23 February 2009.

Number of Retirement Accounts with VAB Bank Faced 35% Growth over 2008
Throughout 2008, VAB Bank opened over 3000 new retirement accounts thus increasing their overall number by 35%. As of 1 January 2009, the Bank had nearly 13 thousand retirement accounts in service.

ONPF Europa Achieves 12.69% Yield on Its Investment Portfolio at the End of 2008 under VAB Pension’s Management
At the end of 2008, annual average yield on investment portfolio of the Open Non-Government Pension Fund Europa, whose administration and asset manager is VAB Pension, reached 12.69%.

VAB Bank Offers New Repayment Holiday Schemes for Retail Borrowers
VAB Bank is offering new schemes of repayment holidays to clients who took mortgage loans or car loans from our bank more than 6 months ago and had no payments overdue for more than 30 days.

VAB Bank Offers New Problem Loan Refinancing Programme for Retail Clients
VAB Bank has come forward with new options for individual overdue loans restructuring.

VAB Bank Doubled the Issue of MasterCard Int. International Payment System Cards in January 2009
VAB Bank issued over 3 thousand MasterCard Int. payment cards this January, which was twice as much as in December 2008.

VAB Bank Stroke the Balance for 2008
VAB Bank has drawn a bottom line under its 2008 activity results on the financial market of Ukraine.