Stepan Chernovetskyi

PRAVEX-BANK received certificate of Securities and Stock Market State Commission on “С” series bonds

Date: 11 march 2008

<p>March, 04 2008 Securities and Stock Market State
Commission registered report about allocation of interest registered bonds of
PRAVEX-BANK of &quot;С&quot; series and issued
corresponding certificate about registration of №822/2/07 issue. </p>

<p>&quot;Registration of bonds issue means their admission
to free turnover and increase their attractiveness for investors&quot;, &mdash; gave
comments Stepan CHERNOVETSKIY, Chairman of Supervisory Board.</p>

<p>As reported earlier, on November 8, 2007,
PRAVEX-BANK began to place &quot;C&quot; series bonds of total amount UAH 220 m. Bond-equivalent yield
in I-IV quarter interest rate periods constituted 13,5 percent of annuals. </p>

<p>The life of the bonds is 3 years. The bond
presumes also an annual offer. Moody&#39;s rating agency assigned PRAVEX-BANK &quot;C&quot;
series bond issue for UAH 220
m B2 long-term rating on international scale and A3
long-term rating on national scale.</p>

Events

• 5 december 2007 PRAVEX-BANK registered a report about results of “B” series bonds floatation at UAH 100 mln.
• 13 december 2007 PRAVEX-BANK paid UAH 1,7 m. of interest income for the fourth coupon period on “A” series bonds
• 25 december 2007 PRAVEX-BANK paid uah 3,1 m. of interest income for the first coupon period on “B” series bonds
• 28 december 2007 Bonds of JSCB “PRAVEX-BANK” of “B” series are included into quotations list of PFTS second level.
• 11 february 2008 PRAVEX-BANK paid UAH 6,6 m. of interest income for the first coupon period on “C” series bonds
• 12 february 2008 PRAVEX-BANK finished earlier “C” series bonds allocation for the amount UAH 220 m.
• 15 february 2008 In the first half-year of 2008 PRAVEX-BANK is planning to attract syndicated credit for USD 50 m.
• 15 april 2008 PRAVEX-BANK successfully paid credit to “Merrill Lynch” International Investment Bank at the amount of USD 30 m.
• 28 may 2008 PRAVEX-BANK increased authorized fund UAH 120 m
• 19 june 2008 PRAVEX-BANK registered amendments to Bank’s Statute about authorized capital increase

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