PARTNER PRESENTATIONPARTNER PRESENTATIONSeptember 2008September 2008

INVESTMENT HIGHLIGHTS

Best in Class Management Team

Strong Track Record of Growth and Market Share Gains

Focus on Universal Banking Services

Corporate Business Serves as a Strong Platform for Further Expansion

Broad Distribution Platform and increasing investment into Alternative Distribution Channels

Best practice Risk Management and IT systems

2

BANKING SECTOR OF UKRAINE

BANK OVERVIEW

FINANCIALS

BUSINESSES

SUMMARY

41

Market is still far from saturation comparing to CEE Banks have been successful to pass on the cost of increased funding to customers through rising interest rates and additional commissionsAs of September 2008 the share of foreign capital in the sector rose to 35,9% of capital that indicates a great deal of interest in the sector from foreign investorsBanking sector is expected to withstand the turmoil in the international markets, given a tighter control from the National Bank implemented at the beginning of the year that caused the banks to get in shape well in advanceThe current slowdown is expected to positively influence the quality of assets in the sector in the long run

EXPANDING SECTOR

GOOD LONG-TERM PROSPECTS

National Bank of Ukraine (NBU) is independent, according to law. NBU accepts and intensively implements international standards of sector regulationNBU settled up and conservative provisioning and write-off requirements Deposits insurance scheme supports clients confidence and sector developmentNBU monitors sector carefully on permanent basis and makes regular audits and checksNBU has been proactive in providing monetary support to banks in times of international and domestic liquidity crisis inQ2-Q3 of 2008

REGULATORY ENVIRONMENT

BANKING SECTOR OF UKRAINE

The growth in the banking sector is exhibiting strong upward trend despite lowering pace of growth for some indicatorsAt the end of September 2008 equity of Ukrainian banks grew by 34% or by USD 5 bln since the beginning of the yearThe growth of assets reached 26% or USD 34 bln and amounted to USD 155blnCorporate loan portfolio grew by 32% since the beginning of the year and retail loan portfolio grew by 33% Liabilities in the sector grew by 25,2% to a total of USD 137 bln mainly due to an increase of deposits from individuals 25

42

67

119

155

1728

49

85

4 512 14

117

19

0

20

40

60

80

100

120

140

160

180

2004 2005 2006 2007 9M 2008

USD

bln

ASSETS, LOANS & EQUITY IN THE BANKING SECTOR

4

5

UKRAINIAN MARKET

High volume of cash outside of the banks is an remains an extensive alternative funding base for banks Underdeveloped market for banking services in the regions and in rural areasBanks use complicated but effective loan approval procedures

BANKING SECTOR OF UKRAINE

9M 2008

31%

4%

1%

31%

30%

2%

14%

1%Due to individuals

Due to other banks

Due to corporate clients

Equity

Securities of own debt

subordinated debt

Due to NBU

Other Liabilities

2%

4%

6%

8%

10%

12%

14%

16%

Jan-

04

Jan-

05

Jan-

06

Jan-

07

Jan-

08

Retail Lending Rate

F/X

Corporate LendingRate F/X

Retail Term DepositRate F/X

NBU RefinancingRate

Corporate DepositRate F/X

INTEREST RATES IN THE BANKING SECTOR

ASSETS BREAKDOWN IN THE BANKING SECTOR LIABILITIES BREAKDOWN IN THE BANKING SECTOR

59M 2008

48%

27%

11%

3%

6%4%

Corporate Loan Portfolio

Retail Loan Portfolio

Due to other banks

Cash and Cash Balanceswith NBU accounts

Fixed Assets

Securities

BANKING SECTOR

FINANCIALS

BUSINESSES

SUMMARY

BANK OVERVIEW

7

MAIN CHARACTERISTICS KEY INDICATORS, USD mln *

BANK AT A GLANCE

* Data for the years 2006 and 2007 here and further on in this presentation is prepared in accordance with IFRS. Data for the 9M 2008 is prepared in accordance with UAS.** ROAE = profit/average chronological capital value (capital / 01 / 2* + capital / 01 + capital / 02… + capital / 01 / 2 **) where (*) is capital value for the period beginning and (**) is capital value for the 1st month of the next period (13 periods are in total)*** ROAA = profit/net average chronological assets value (net assets / 01 / 2* + net assets / 02 + net assets / 03… + net assets / 01 / 2*) where (*) is net assets value for the period beginning and (**) is net assets value for the 1st month of the next period

RODOVID is the 19th largest bank in terms of assets, providing wide range of servicesThe bank is the growth-leader in the market during last three yearsThe Bank is characterized by high level of transparency and flexibility in service provision RODOVID BANK‘s brand awareness as of April 2008 exceeds 25% of population over 18 years of ageThe Bank is independent from any financial and political groups The Bank is represented by 170 branches in all 27 regions of UkraineThe Bank currently holds 1,30% of retail market and 1.84% ofcorporate

9M 2008

77%

6%

5%5%

1% 6%RB Capital Group Ltd. (TopManagement)

CA IB International Markets AG(Austria)

State Street Bank and TrustCompany (USA)

DRGN Limited (Cyprus)

Raiffeisen ZentralbankOsterreich AG (Austria)

Others

OWNERSHIP STRUCTURE RODOVID BANK SHARE PRICE AND PFTS INDEXES

7

50

100

150

200

250

300

04.2006 07.2006 10.2006 01.2007 04.2007 07.2007 10.2007 01.2008 04.2008 07.2008

RODB INDEX

PFTS INDEX

2006 2007 9M 2008

Assets 728 1968 2750

Net profit 4 6 15

Net interest income 14 37 38

Net fee and commission income 6 10 24

Equity 88 238 249

ROAE ** 10% 9% 8%

ROAA *** 1% 1% 1%

Net interest margin 4% 4% 4%

Capital Adequacy (Basel) 19% 16% 11%

# 18 / $1 968 m / $237m / 149 / 1 620 000# 18 / $1 968 m / $237m / 149 / 1 620 000

# 29 / $363m / $33m / 30 / 400 000# 29 / $363m / $33m / 30 / 400 000

# 33 / $164m / $30m / 5 / 6 000# 33 / $164m / $30m / 5 / 6 000

# 98 / $27mn / $14m / 4 / less than 5000# 98 / $27mn / $14m / 4 / less than 5000

Rank / Assets / Equity / Bank Units / Cards Issued

# 21 / $728m / $88m / 55 / 740 000# 21 / $728m / $88m / 55 / 740 000

KEY MILESTONES

NEW MANAGEMENT STARTS AGGRESSIVE TURNAROUNDNEW MANAGEMENT STARTS AGGRESSIVE TURNAROUND

2006

2005

2004

2003

2007

1990

Audited IFRS accounts produced in 2003

New Projects launched (IFC-Corporate Governance, WB-Export Development, EBRD-Microfinance)Debut underwriting deal (Insurance Company Bonds placement)Capital increase by $120mUSD 130mln Domestic Bonds Series B, C and D issue Credit rating assigned by FitchMoody’s rating improvedDebut syndicated loan USD 20mn (100% oversubscription)Bank represented in all regions (150 branches, 150 Points of Sales 169 ATMs)RODOVID BANK’s shares placed in second tier on PFTS stock exchange

USD 50mn share issue purchased among foreign institutional investorsCredit rating assigned by Moody’sPrincipal membership of VISA and MasterCard payment systemsIntensive regional expansion (55 branches and 344 POS launched)TOP 5 position in retail consumer lendingUSD 20mn Domestic Bonds Series A issueAcquiring bank

Retail loan portfolio rocketed 12 timesExclusive agreements with leading Ukrainian retail companies

The Bank is acquired by current management teamBank’s name changed to OJSC “RODOVID BANK”New share issue: $16mln

8JSC “Bank Percombank” established in 1990

Joining the network of over 3800 ATMs with UkrSibbank, Finansy ta Kredyt, Oschadbank and UkrSots Bank

KPMG, one of the biggest 4 Audit Firms, has released financial statementUSD 10mln Syndicated loan signedUSD 45mln loan for Bank’s mortgage and SME lending program signedUSD 70mln Domestic Bonds Series E and F issue

9M 2008# 19 /$2750 m / $249m / 170 /1 887 000# 19 /$2750 m / $249m / 170 /1 887 000

9

The network is modern, stylish and well-equipped Branches are located in noticeable, passable city centersVast majority of regional branches are rented (70%) by Bank and the other are owned (30%)The network is serviced by modern, fast and reliable IT-systems with scoring capabilitiesConsumer finance outlets are situated in prominent Ukrainian retail chains

DESCRIPTION OF BRANCHES BRANCH CONCENTRATION THROUGHOUT UKRAINE

Bank’s network amounts 170 branches, 560 consumer finance outlets, 266 ATMs and 49 information kiosksThe network is covering all regions of UkraineTypes of branches are: regional, full-service, retail-only, specializedThe Bank is constantly working on improving the efficiency of its banking units

MAIN CHARACTERISTICS

BANK NETWORK

66

266170

36

20

50

100

150

200

250

300

350

400

450

500

2004 2005 2006 2007 9M 2008

Number ofBranches(registered)

Number ofConsumerFinance OutletsTotal

Number of ATMs

NUMBER OF BANKING UNITS AND ATMs

9

MykolayivO

desa

Zaporizhzhi

a

Dnipropetrovsk

Kyiv

Vinnyt

sia

Khmelnytsky

i

Rivne

Lviv

Ivano

- Frankivsk D

onetsk

Lutsk

Ternopil

Zhytomyr

Chernyhiv

Sumy

Poltava

Cherkasy

-

Economically Advanced

Average

Below Average

11

43

2

212 30

1

16

24

84

14

9

5 2

14

1

2

1

9M 2008

11

3

FINANCIALS

BANKING SECTOR

BANK OVERVIEW

BUSINESSES

SUMMARY

11

Current profitability is in line with Bank's rapid expansionAt present "Quick expansion-moderate profitability" is common for the Ukrainian Market The Bank's Profitability will improve in the future due to investments in network development, efficient distribution channels, marketing and personnel training The Bank expects to see decreasing cost of funding, mainly due to expansion of its activities in international capital markets and closer investor relations

HIGHLIGHTS INCOME STATEMENT, USD mln

FINANCIAL PERFORMANCE

2004 2005 2006 2007 9M 2008

0 1 0 1 3

-2 -3 -3

1211

18

52

7

1

-5-8

24

4 5 7

24

12

754

77

4

25

56

-15

-5

5

15

25

35

45

55

65

75

85

Forex & Securities trading income Other operating incomeLoan Loss Provision Net interest incomeComission income Operating income, ex-provision

11

OPERATING INCOME, USD mln

2006 2007 9M 2008

Interest income 56 133 211

Interest expense -41 -96 -174

Net interest income 14 37 38

Prov ision for cover of losses related to interest assets 0 0 -5

Net fee and commission income 6 10 24

Net receipts from securities and foreign exchange 5 7 18

Other operating income 0 1 3

Net income not related to interest 16 19 45

Salary and employee benefits -7 -17 -27

Depreciation and amortization -2 -4 -5

General administrative expenses -8 -18 -29

Prov ision for other losses 0 -1 0

Expenses not related to interest -1 -2 -61

Profit / loss before tax 5 8 16

Income tax expense -1 -2 -1

Net profit / loss 4 6 15

12

Substantial share of Bank’s assets is earning assets (83% as of 9M 2008)

The Bank shows record assets growth in the market

The assets are of good quality

Retail lending is becoming the main driver of Bank’s growth

KEY HIGHLIGHTS ASSETS, USD mln

ASSETS

9M 2008

49%

21%

16%

2%3%

7% 2% Corporate Loans

Retail Loans

Due to other banks

Securities

Fixed Assets

Cash&equivalents

Other assets

ASSETS : $2’750 m CUSTOMER LENDING GROWTH *

CA

GR

200

5 - 9

M 2

008

170%

143%

145%

137%

145%

148%

162%

168%

TOP 10

Sector

Ukrprombank

VAB Bank

Pivdenny

Ukrgazbank

Swedbank

Rodovid Bank

12 * Peer group criteria: not foreign owned prior to year end 2007, not part of an industrial or financial group, size of assets from $2 bln to $3 bln

2006 2007 9M 2008

Assets 728 1968 2750

Cash and cash balances with the NBU 45 135 66

Due from banks 193 479 438

Loans and advances 432 1215 1911

Securities available for sale 22 9 182

Property, Equipment & Intangible assets 32 77 1

Other assets 4 18 47

13

The liabilities of the Bank are dominated by customer accountsPrivate deposits drive liabilities rapid growth In 2007 the Bank attracted debut syndicated loan for $20 m USD (100% oversubscription)Twice in 2006 and 2007 the Bank issued domestic bonds amounting to $220mCost of funding are gradually decreasing thank to stronger market positions and good brand awarenessThe Bank also seeks to obtain funding on the international capital markets

KEY HIGHLIGHTS LIABILITIES, USD mln

LIABILITIES

9M 2008

11%5%2%

31%

27%

24%

Retail deposits

Due to corporate clients

Due to Ukrainian banks

Equity

Other Liabilities

Own securities

LIABILITIES & EQUITY: $ 2’750 m CUSTOMER DEPOSIT GROWTH

CA

GR

200

5 - 9

M 2

008

171%

159%

158%

143%

141%

133%

119%

119%TOP 10

Sector

VAB Bank

Ukrprombank

Pivdenny

Ukrgazbank

Swedbank

Rodovid Bank

13

2006 2007 9M 2008

Liabilities 640 1731 2500

Due to banks 192 541 762

Current accounts and deposits 410 949 1643

Debt Securities issued 20 144 42

Deferred tax liabilities 3 11 9

Subordinated debt 10 8 10

Other liabilities 1 3 5

14

KEY HIGHLIGHTS

EQUITY

Bank has to regularly increase its equity to keep its capital adequacy at the acceptable level

Existing shareholders commit to support equity growth

The Bank performed three capital injections since 2004, the recent one was registered on 26th of September 2007 (Total capital is currently 249 USD mln)

Foreign institutional investors became minority shareholders in April 2006 (19,9% was bought for $50m)

In September 2005 the Bank raised $10m subordinated debt with 10 years tenure provided by one of the shareholders (a new one is scheduled in 2008)

EQUITY AND CAPITAL ADEQUACY

IMMOBILIZATION RATIO

35%

11%

16%19%

15%

0

50

100

150

200

250

300

2004 2005 2006 2007 9M 2008

USD

mln

Equity

CAR(Basel)

36%

58%

47%

29%

37%

0

50

100

150

200

250

300

2004 2005 2006 2007 9M 2008

USD

mln

Equity tied-upby fixed assets

Equityavailable tocover risks

Immobilizationratio

14

BUSINESSES

BANKING SECTOR

BANK OVERVIEW

FINANCIALS

SUMMARY

16

Banks serves over 8‘566 corporate clients mostly large-scale industrial and trade enterprisesBank offers loans, credit lines, overdrafts, bank guarantees, letters of credit and other productsStrong partnership with leading Ukrainian retail chains allows the Bank to reach individual clients Clients are segmented and treated respectively to their size, partnership history and indirect benefits Bank may haveBank targets to expand its clients base using business relationships of existing clients

KEY HIGHLIGHTS CORPORATE LOANS AND DEPOSITS, USD mln

The algorithm of loan approval process allows the Bank to limit its risks effectively

The loan approval decision are always taken collectively by Committees and must be approved by risk management, security and legal departments

The Bank has set limits on the amount of loans and investments

The Bank strongly adheres to the policy of low level related-party lending

RISK MANAGEMENT

CORPORATE BANKING

SECTOR BREAKDOWN OF CORPORATE LOANS

9M 2008

17%

12%

42%12%

17% Wholesale&Retail

Processing

Finance

Construction

Other

16

2006 2007 9M 2008

Corporate Loans 252 828 1342

Corporate Loans as % of total 57% 68% 70%

Corporate Deposits 108 263 806

Corporate Deposits as % of total 43% 44% 49%

17

Bank focuses on retail banking business, specifically on car loans and plastic cardsBased on incoming researches, Bank believe in perspectives of retail banking in UkraineCurrently the Bank services over 786’915 retail clients (excluding card holders). Bank is TOP-10 plastic card issuer (over 1’887’000 cards issued) and is the winner of Visa's “The most active participant of co-branding projects 2006” awardBank is TOP-5 retail lenders in terms of consumer finance loans

KEY HIGHLIGHTS RETAIL LOANS AND DEPOSITS, USD mln

RETAIL BANKING

RETAIL LOANS GROWTH OF RODOVID & ITS PEERS STRUCTURE OF RETAIL LOANSCAGR 2005 - 9M 2008

TOP 10

156%

Sector

162%

Pivdenny

173%

Ukrprombank

181%

Swedbank

193%

Rodovid Bank

197%

VAB Bank

195%

0%

50%

100%

150%

200%

250%

9M 2008

23%

53%

8%

10%

6% 0,5%Home Equity Loans

Autoloans

Mortgages

Scoring Loans

Card Loans

Microloans

17

2006 2007 9M 2008

Retail Loans 187 406 569

Retail Loans as % of total 43% 32% 30%

Retail Deposits 216 541 837

Retail Deposits as % of total 57% 56% 51%

18

RODOVID is seeking to expand its retail customer base primarily by:Raising its brand awarenessUtilizing cross-selling techniques and partnership opportunitiesWidening its network of branches, consumer finance POSs, ATMs and ADCs Rewarding customer loyaltyFocusing on further improvement of the efficiency of credit processesMaintaining high levels of credit quality and at the same time improving collection processes

STRATEGY

The Bank uses effective centralized scoring underwriting centreScoring loans approval process is automated to high extent and secures low risk lendingIT-systems are using extensive databases of clients, generate new info The Bank uses best-in-quality collecting centre, supported by call-centre

RISK MANAGEMENT

RETAIL BANKING

BANK CARDS ISSUED, thousand units

UKRAINE vs CEE PEERS. RETAIL LENDING

9M 2008

Ukrprombank

Swedbank

Ukrgazbank

VAB Bank

Pivdenny

Rodovid Bank

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

1800000

2000000

2006

Ukraine 425

Lithuania 1030

Slovakia 1150

Poland 1260

Cz Republic 1830

Hungary 1940

0

500

1000

1500

2000

2500

per capita

Ukraine

Lithuania

Slovakia

Poland

Czech Republic

Hungary

18

19

PLASTIC CARDS

RODOVID BANK is the TOP-10 plastic card issuers in Ukraine with over 1’887 mln plastic card issued as of 9M 2008The Bank is a pioneer in Ukraine in the area of co-branding project development, implementation and managementExclusive partnership agreements were signed with leading retail, restaurant and automobile chains in 2006The Bank plans to expand its plastic card business with introduction of the CRM system, active cross-selling techniques and a fully functioning call centreCobranding programs have 564 thousand personalized cards and 37 thousand activated cards in total as of 9M 2008

UMC

# 2 mobile network operator

21,169customers

Velyka Kyshenya

52,856customers

# 4 food retailer*

Eurocar

1,811customers

Leading car dealer

Nova Liniya

176,359customers

Leading construction materials chain

Pravylna Pensiya

45,085customers

Pension program

KiyAvia

1,726customers

Leading tour operator

Kozyrnaya Karta

The largest restaurant chain

18,273customers

Amstor

# 5 food retailer*

244,920customers

* By 2008 Net Sales, source: Renaissance Capital

RODOVID CO-BRANDING PROGRAMSKEY HIGHLIGHTS

PLASTIC CARDS

0

100000

200000

300000

400000

500000

600000

700000

800000

2005 2006 2007 9M 2008

CardsPersonalised

CardsActivated

19

SUMMARY

BANKING SECTOR

BANK OVERVIEW

FINANCIALS

BUSINESSES

Transparent and independent with strong shareholder supportSuccessful turnaround story in a dynamic under-penetrated marketProfessional dedicated management teamGrowth outperforming sector and peersStrong regional coverageStrong retail banking capabilitiesExcellent capital adequacy indicatorsSuccessful newcomer to international capital marketCapitalizing on state of the art risk management and scoring IT systemsHigh brand awareness

SUMMARY

21

Denys GorbunenkoChief Executive Officer

Tel: +38 044 255 8623Fax: +38 044 255 8639

E-mail: CEO@rodovidbank.com

Olga PidoprygoraVice President

Tel: +38 044 255 8103Fax: +38 044 255 8639

E-mail: IR@rodovidbank.com

CONTACTS

22

OJSC “RODOVID BANK”

1-3 Pivnichno-Syrets’ka Str.Kyiv 04136

UkraineTel: +38 044 255 8647Fax: +38 044 255 8654

www.rodovidbank.com

In 2007 RODOVID BANK continued to demonstrate outstanding growth in terms of assets and retail client base. It was awarded a title “The most dynamicbank of 2007” by MasterCard International and took 2nd place in the “Bank of the year 2007” nomination. Popular business newspaper “Delo”recognized RODOVID BANK 3rd in nomination “The fastest developing Bank”.Focusing on retail business RODOVID BANK is actively promoting plastic cards through participation in promo-actions, implementation bonus- anddiscount-payment programmes with high-profile Ukrainian commodities retailers. RODOVID BANK is providing modern payment instruments for everyclient, individuals or corporate clients, guaranteeing safety, convenience in payment card usage.Ukrainian association “EMA” granted Rodovid Bank award “The best acquirer”. Also, RODOVID BANK took 9th place in the “largest card issuer” ratingaccording to this association.International payment system VISA awarded Bank two diplomas “For innovation card programmes” and “For successful development of co-brandingprojects”. Due to impetuous and stable increase during last several years, the Bank entered the group of largest banks, while management team was widely recognized as one of the most professional in the sector. Recently, Denys Gorbunenko - CEO of the Bank – became laureate of national programme “The person of the year” in nomination “Financier of the year”.Based on the results of shares turnover, Ukrainian stock exchange PFTS published a report mentioning RODOVID BANK’s shares as 2nd best shares. It was aresult of successful Private Placement of 19% of RODOVID BANK shares in 2006.Fast and well-balanced development of Rodovid is the result of bank’s professional team efforts and clients trust. Year by year the Bank is providinghigh-quality financial services and builds long-term relationship with the clients. This fact is reflected in getting 11-th in “Favourite Bank”, assigned byrating agency “GVARDIA”.

23

AWARDS

This presentation has been prepared by OJSC “RODOVID BANK” (the “Bank”).

The Bank’s doesn’t accept any responsibility or liability for any loss (whether direct, indirect, consequential or other) arising from any use of this document or its contents. This presentation does not constitute an offer to acquire any securities and is not intended to provide the basis for any credit and should not be considered as a recommendation that any investor or partner should subscribe for or purchase any securities or perform any other actions.

The information contained herein is subject to change without notice and past performance is not indicative of future results.

No person is authorised to give any information or to make any representation not contained in and not consistent with this presentation and the preliminary or final prospectus and, if given or made, such information or representation must not be relied upon as having been authorised by or on behalf of the Bank.

This presentation may not be reproduced (in whole or in part) to any other person without the prior written consent of the Bank.

This presentation contains forward-looking statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward-looking statements. All statements other than statements of historical facts included in this presentation including, without limitation, those regarding the Bank’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to our products), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Bank’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Bank’s present and future business strategies and the environment in which the Bank will operate in the future. Further, certain forward-looking statements are based upon assumptions of future events which may not prove to be accurate. The forward-looking statements in this presentation speak only as at the date of this presentation.

This presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.

DISCLAMER

24