OREANDA-NEWS. On 31 March 2009 was announced, that BANK URALSIB (URALSIB or Bank) (RTS: USBN) announces the results of the execution of pre-emption right to additional shares.

On December 15th 2008 the Bank's EGM made a decision to increase URALSIB's authorized capital by 6.161 bln rubles by placing additional ordinary non-documentary shares of the Bank. The nominal value of the share is 0.1 ruble. 61.609 bln of shares will be placed by private subscription among current shareholders - JSC "UralSib Business Center" and OJSC "Financial Corporation URALSIB". The list of potential buyers was approved by the EGM on 15.12.2008.

On January 16th 2009 the Central Bank of Russia registered additional share issue of BANK URALSIB (state registration number 10200030В004D).

The additional shares may be paid in monetary assets in the currency of the RF in the amount of 1.4 bln rubles on the part of OJSC “Financial Corporation URALSIB” or in kind1 priced at 4.7 bln rubles on the part of JSC "UralSib Business Center".

The Bank's Extraordinary General Meeting of Shareholders also approved a barter transaction, in accordance with which URALSIB passes 46.895 bln of the Bank's shares to JSC "UralSib Business Center" and in exchange obtains nonresidential administrative building, owned by JSC "UralSib Business Center" as a property. The price of the building, located in Efremov st. 8, Moscow, is 4.689 bln rubles.

The shareholders also approved the purchase and sale transaction between the Bank and OJSC "Financial Corporation URALSIB" providing for the purchase by OJSC "Financial Corporation URALSIB" of 14.0 bln of URALSIB's ordinary registered non-documentary shares at the amount of 1.4 bln rubles. The shares will be paid in monetary assets in the RF currency.

The shareholders, who voted against or did not participate in the voting on the placement of the Bank's shares by private subscription, have a pre-emption right to additional shares in the amount proportional to the quantity of the Bank's shares owned by them, at the nominal price.

There were received and responded 7 requests for a total of 4.226 bln shares amounting to 422.6 th rubles (0.007% for a total volume of additional shares) during share placement period 04.02.2009-23.03.2009.

As a result of the additional issue the Bank's authorized capital may rise by 30%. The process of additional issue is planned to be completed in IIQ2009.

The Bank undertakes some steps in regards to Tier I and Tier II capital growth. Particularly, in the beginning of December the CBR registered a subordinated deposit of 6 bln rubles with the maturity of 10 years from Russian investors. Besides, according to the acting legislation2 the Bank considers the possibility of securing 6 bln rubles long-term subordinated loan from the Bank for Development and Foreign Economic Affairs.

The Bank's authorized capital amounts to 20.4 bln rubles and is divided by 204.2 bln shares with the nominal value of 0.1 rubles. At present all companies of the Financial Corporation URALSIB own 94.6% of the Bank's authorized capital, Deutsche Bank - 2.1%, Morgan Stanley - 2.1%, free float - 1.2%.

_________________________________________

1 According to the current legislation of the RF, up to 20% of a credit institution's authorized capital may be formed by real estate, owned by a potential purchaser as a property (building/premise, completed (incl. inline and integrated objects), where a credit institution can reside)

2 Federal law from 13.10.2008 №173 "About provisional measures on RF financial system"