Moscow, January 29, 2010. BANK URALSIB (OJSC “URALSIB” or the Bank) (RTS: USBN) is pleased to announce results of the Extraordinary General Meeting of Shareholders (EGM) held on January 27, 2010.

The decision to call the EGM was made by the Supervisory Board of the Bank on December 1, 2009. The record date was December 9, 2009.

The EGM decided to reorganize OJSC “URALSIB” by incorporating OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” to OJSC “URALSIB” and defined the reorganization order and terms.

The Shareholders approved the Agreements on Incorporation of OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” to OJSC “URALSIB”. The EGM authorized the Chairman of the Management Board and the Chief Accountant of OJSC “URALSIB” to sign the Agreements on Incorporation of OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” to OJSC “URALSIB”.

The Shareholders defined the notification procedure on the Bank’s reorganization for its lenders, approved the appropriate alterations to the OJSC “URALSIB” by-law and appointed the Bank’s signatories authorized to sign documents necessary for reorganization processes.

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