OREANDA-NEWS. October 1, 2007. In the context of the recent developments related to withdrawal of license for carrying out of banking operations from a number of Moscow-based banks by Central Bank of Russia, Seimar Alliance Financial Corporation JSC officially states:

“The Commercial Bank “ALLIANCE BANK LLP.” (“ALLIANCE BANK CB LLP.), mentioned in the statement of Department of External and Public Affairs of the Central Bank of Russia (CBR), does not have any relation, direct or indirect, to JSC Seimar Alliance Financial Corporation or its subsidiaries.

The only subsidiary bank in Russian Federation owned by Seimar Alliance Financial Corporation JSC is Star Bank CJSC.

We would also like to inform you that there are currently several banks and financial institutions operating worldwide that have “Alliance” word in their name.