OREANDA-NEWS. May 12, 2009. URSA Bank is pleased to announce the release IFRS financial statements for the year 2008, which have been posted on its website at the following link:

http://ursabank.ru/en/investors/fs/

The release of the financial statements will be followed by a conference call today at 5pm Moscow time to discuss key highlights of the financial statements, as well as to answer questions regarding the Bank's financial position and developments. The call will be hosted by Mr. Vladislav Khokhlov, CFO and First Deputy CEO, and Mr. John McNaughton, Managing Director.

The dial-in instructions for the conference call are as follows:

Local - Russia, Moscow: +7 495 646 5149
Local - UK, London: +44 (0)20 3147 4972
Local - USA, New York: +1 347 366 9566
Participant Passcode: 362622


A replay facility will be available for 14 days after the conference call at the numbers below:

Local - Australia, Sydney: +61 (0)2 8223 9206 Local - Austria, Vienna: +43 (0)1 7957 6046 Local - Belgium, Brussels: +32 (0)2 400 3465 Local - France, Paris: +33 (0)1 71 23 02 48 Local - Germany, Frankfurt: +49 (0)69 22222 0418 Local - Ireland, Dublin: +353 (0)1 659 8321 Local - Italy, Rome: +39 066 605 3181 Local - Hong Kong: +852 3002 1607 Local - Netherlands, Amsterdam: +31 (0)20 713 2791 Local - Portugal, Lisbon: +351 2112 00410 Local - Spain, Madrid: +34 91 788 9869 Local - Sweden, Stockholm: +46 (0)8 5876 9441 Local - Switzerland, Zurich: +41 (0)1 800 9657 Local - United Kingdom, London: +44 (0)20 7806 1970 Local - United States, New York: +1 718 354 1112 Freephone - France: 0800 970 186 Freephone - Germany: 0800 181 4459 Freephone - Ireland: 1800 992 833 Freephone - Italy: 800 925 259 Freephone - Netherlands: 0800 027 0028 Freephone - Sweden: 0200 887 740 Freephone - Switzerland: 0800 000 289 Freephone - United Kingdom: 0800 559 3271 Freephone - United States: 1866 883 4489.