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Eng
27 April 2016

The shareholders of Raiffeisen Bank Aval approved the Bank's performance in 2015

Kiev. April 27. — Shareholders of Public joint stock company “Raiffeisen Bank Aval” at its annual General meeting held today in Kiev, approved the reports of the Supervisory Board and the management Board about results of Bank's activity in 2015, and identified the main directions of the Bank in 2016.

last year, the shareholders approved the annual financial statements of Raiffeisen Bank Aval and the consolidated financial statements of the Bank and its subsidiaries. In particular, the approved losses on the Bank's performance in 2015 in the sum 1 443 253 thousand UAH. in accordance with the requirements of international standards of financial statements.

In SV’'yazku with the lack of profit of the Bank by results of 2015 and undistributed profit of previous years accrual and payment of dividends on shares of the Bank results 2015 decided not to implement.

the Shareholders also elected the new Supervisory Council of the Bank: Chairman of the Supervisory Board — Karl Sevelda, Deputy Chairman of the Supervisory Board — Peter Lenk, members of the Supervisory Board-Herbert Stepic, Kurt Geiger, Kurt Bruckner, Andrea Moraru, as well as two independent members of the Supervisory Board — Anna Trees’Janko and Pavel Sheremet.

With the aim of bringing the Bank's activities in accordance to the Law of Ukraine «On amendments to certain legislative acts of Ukraine regarding protection of investors 'rights” from 7.04.2015, No. 289-VIII, the shareholders' meeting, it was decided to exclude the shares of Raiffeisen Bank Aval, out of stock register stock exchanges in Ukraine by 1 may 2016, While the Supervisory Board must define one stock exchange in Ukraine, where the Bank's shares can remain in the stock exchange list as unilaterale securities.

In SV’connection with the entry into force of new legislation at the shareholders ' meeting were also approved amendments to the Charter, Regulations on Supervisory Board, Regulations of the General meeting of shareholders, the corporate governance Principles, the Position of large transactions and transactions, as well as Provisions on the procedure of information disclosure to the shareholders of JSC «Raiffeisen Bank Aval” by presenting these documents in new versions.

Raiffeisen Bank Aval was registered on March 27, 1992, from October 2005, became part of Austrian banking group Raiffeisen Bank international AG. As of March 1, 2016 Raiffeisen Group owned 68,28% stake in the Bank, the European Bank for reconstruction and development — 30%.

the Bank offers a wide range of standard and innovative banking services to nearly 2.8 million customers through an extensive network of regional offices, which as of the end of December 2015 consisted of 578 offices in large cities, oblast and rayon centers throughout Ukraine.