Moscow, December 21, 2009. OJSC “URALSIB-YUG BANK” (RTS: USYB) is pleased to announce results of the Extraordinary General Meeting of Shareholders (EGM).

The EGM held on December 11, 2009 decided to reorganize OJSC “URALSIB-YUG BANK” in the form of incorporation to OJSC “URALSIB”. The Shareholders approved the Agreement of Incorporation and the Transfer act. The EGM authorized the Chairman of the Board and the Chief Accountant of OJSC “URALSIB-YUG BANK” to sign the Agreement of Incorporation. OJSC “URALSIB-YUG BANK” lenders notification procedure was also defined. The EGM approved alterations to URALSIB-YUG BANK’s by-law.

All corporate actions within the incorporation procedure might be completed in IIIQ2010.