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URALSIB BANK

May 2007

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I. UralSib Financial Corporation

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UralSib Financial Corporation Today

UralSib Financial Corporation

• Full range of financial services to support capital and business needs of Russian corporate sector

• 1087 points of sale in 81 regions (11 time zones) of the country offering banking, insurance, factoring, leasing, investment banking and asset management services

• More than 4.6 million private and corporate clients• More than 200 foreign partner-banks in Europe, Asia and America

Core Commercial

Banking

Private Equity

Private Banking

Asset Management

Leasing

Insurance

Pension FundManagement

Investment Banking

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St. Petersburg

Voronezh

Rostov on Don

Elista

Novorossisk

Kazan

Ufa

Moscow

Perm

Ekaterinburg

Tyumen

NovosibirskIrkutsk

Khabarovsk

Vladivostok

WE ARE INTERNATIONAL, FEDERAL AND LOCALcovering 11 time zones in Russia

Bank UralSib

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Bank URALSIB at a snapshot

Bank URALSIB financial highlights, USD bln.

URALSIB Financial Corporation is a leader in the key segments of the Russian financial market. The core of the Corporation, Bank URALSIB, is among the five largest banks in Russia.

Bank URALSIB

•Ural-Siberian Bank

•IBG NIKoil Bank•Kuzbassugolbank•Avtobank-NIKoil•Bryanskiy

Narodny

Upgraded

May 5, 2005

Upgraded

November 28, 2006

Upgraded

November 27, 2006

“Ba3”, positive outlook

“B+”, stable outlook

“B+”, positive outlook

Employees:

Bank 12 500

Corporation 18 400

2004 2005 2006

Total assets 5,906 8,337 11,6

Due to customers 3,196 4,817 6,9

Loans to customers 3,228 4,617 5,9

Total liabilities 4,787 6,887 9,8

Total equity 1,120 1,450 1,8

Profit before taxation 0,077 0,501 0,215

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Russian banks by Assets, USD k

Source: Central Bank of Russian Federation, URALSIB Estimates

Source: RBC, URALSIB Estimates

01.10.06 01.07.06 01.01.06 Q3 change, % change, %

Assets 463 317,6 425 694,9 338 757,9 8,18 27,25

Capital 55 945 52 004 43 144,2 6,93 20,65

Loans 312 092,2 279 790,5 221 297,7 10,87 31,22

Deposits 277 913,7 258 482 202 168 6,87 27,90

Key indicators, USD bln.

8 359 269 7 177 64111 693 053

11 131 169

10 552 5417 364 101 7 097 614

21 377 914

117 482 097

28 283 713

0

20 000 000

40 000 000

60 000 000

80 000 000

100 000 000

120 000 000

140 000 000

Sbe

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VT

B

GA

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RO

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Alfa

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01.10.06

01.01.06

957 918

1 826

1 286

1 283956 908

2 179

12 283

2 982

0

2000

4000

6000

8000

10000

12000

14000

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ank

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Russian banks by Equity, USD mln.

Source: Dengi Jan15 2007, URALSIB Estimates

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International Business

Actual amounts and plans, US$ million

End–2006actual

1Q 2007actual

End-2007 plan

Trade Finance including off-balance sheet items (L/Cs and Bank Guarantees)

963,4 1207,0 1409,4

Wholesale funding (syndicated and bi-lateral loans)

1364,3 1564,0 2108,9

Total 2327,7 2753 3518,3

Direct business track-record with more than 200 foreign banks

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II. Partnership with EDC

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Medium-Term Financing

66 EDCEDC 3 3 URALSIB 4 URALSIB 4

88

55 8 2 8 2

ExporterExporter 7 7 Importer Importer

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1. 1. Commercial ContractCommercial Contract2. 2. Importer’s ApplicationImporter’s Application to URALSIBto URALSIB3. 3. UralSib ApplicationUralSib Application for financing to EDCfor financing to EDC 4. 4. Approval of the ProjectApproval of the Project by UralSib Credit Committeeby UralSib Credit Committee5. 5. Exporter’s Application to EDCExporter’s Application to EDC6. 6. EDC’s Approval EDC’s Approval 7. 15%7. 15% down payment down payment 8. 8. Signing of the credit documentation and disbursementSigning of the credit documentation and disbursement

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Basic Terms and Conditions

• Financed goods and services: capital goods and associated services

• Tenor of financing: – up to 3-10 years under Medium-term Program– up to 2 years under Short-term Documentary Credit Insurance

Program• Financed portion: up to 85% of the Contract value + 15% Local

Costs portion• Repayment: in semi-annual installments• Attractive cost of financing:

– Interest rate– Insurance Premium– Fees

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Cooperation: EDC/Bank UralSib

• Beginning of partnership: early 2004• 5 implemented transactions for the total amount of over USD 20 mio• A number of industries covered by deals in the track record and

pipeline: – Agriculture, – Mining; – Electrical engineering; – Construction;– Aircraft financing.

• USD 50,000,000 medium-term Credit Facility Agreement in force

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Leasing company profile:• Over 2500 customers in 2006• Over USD 500 mln – new business in 2006• Largest leasing projects in rolling stock, construction and oil-

exploration equipment, self-propelled vehicles and agricultural machinery in Russia

Relationship with EDC• Direct co-operation with EDC - since 2006 • First deal concluded in early 2007; two projects to be finalized by

the end of June 2007• Main existing partners in Canada - Buhler Versatile Inc., Morris

Industries Ltd., MacDon Industries, Lovat Inc., Bombardier, etc.• Our focus in Canada – Construction and agricultural equipment;

New projects – Aircraft leasing for Corporates;

Cooperation: EDC/UralSib Leasing

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Benefits of working with EDC/UralSibBenefits of working with EDC/UralSib

Attractive rates and tenors

Broad regional coverage throughout Russia

Significant experience of cooperation since 2004

Pre-agreed documentation (Credit Line Agreement) in place

Immediate availability of limits under: Medium-Term Program (USD 50,000,000);

Documentary Credit Insurance Program;

extension may be considered in case of need

Flexibility in structuring deals as bank loans and leasing

Efficient procedures

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ContactsAnton Zur

Head of Trade Finance

Tel.: +7 (495) 723 7095 (direct)

+7 (495) 785 1212, ext. 2897

Fax: +7 (495) 705 9060

Dmitry Lebedev

Deputy Head of Trade Finance

Tel.: +7 (495) 788-6165

+7 (495) 785 1212, ext. 2334

Fax: +7 (495) 705 9060

Marina Polyanskaya

Head of Medium-Term Trade Finance

+7 (495) 785 1212, ext. 3108

Fax: +7 (495) 705 9060

www.uralsib.ru