PRAVEX-BANK increased authorized fund UAH 120 m

Date: 28 may 2008

23.05.2008, Bank Board took decision to approve results of close (private) allocation of ordinary registered shares of JSCB "PRAVEX-BANK". Actually there were allocated 120 m of ordinary registered shares with total par value of UAH 120 m.

In connection with performed close (private) allocation of shares and increase of authorized capital 23.05.2008, General Meeting of Bank's shareholders took decision to enter corresponding changes into Bank's statute. After state registration of indicated changes, authorized capital of the Bank will constitute UAH 491 499 139.

"It will allow PRAVEX-BANK to increase portfolio of active operations, as bank's capitalization is base of its stable development", — comments by Stepan CHERNOVETSKYY, Chairman of Supervisory Boards.

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.
• 11 march 2008 PRAVEX-BANK received certificate of Securities and Stock Market State Commission on “С” series bonds
• 15 april 2008 PRAVEX-BANK successfully paid credit to “Merrill Lynch” International Investment Bank at the amount of USD 30 m.
• 19 june 2008 PRAVEX-BANK registered amendments to Bank’s Statute about authorized capital increase

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