Chairman of Severnaya Kazna Andrei Volchik reduced his share in the bank’s authorized capital from 8.413% to 5.413% by selling a 3% share holding. The amount of shares owned by Mr. Volchik has undergone some changes before: the figure went up from 7.691% to 8.413%, or by .73%, on June 14, 2007, whereas Mr. Volchik decreased his share from 7.995% to 7.044%, or by .951%, a bit earlier. He also sold some shares on April 25, 2007 when his share holding was reduced from 10.024% to 7.995%.

This information was revealed in compliance with the regulation that an issuer/a joint stock investment fund must promptly reveal any information that can influence its stock price.