OREANDA-NEWS. August 18, 2010. Terms used in this press release and defined in the Information Memorandum of JSC BTA Bank (the “Bank”) dated 1 May 2010, as supplemented, are used in this press release as so defined.

The Bank hereby notifies Claimants that the Coefficients set out below were used when calculating Entitlements in accordance with the Restructuring Plan. These are the same Coefficients as were set out in the Information Memorandum.

 

Cash

Senior Notes

OID Notes

Subordinated Notes

Senior Package 1

11.07%

27.01%

0.00%

6.12%

Senior Package 2

0.00%

0.00%

45.67%

6.46%

Claimants allocated to Senior Package 1 are to receive a pro rata share of 12.61% of the issued share capital of the Bank and Claimants allocated to Senior Package 2 are to receive a pro rata share of 1.39% of the issued share capital.

The Entitlements to Recovery Units were calculated using the following definition of “Reference Amount”:

“Reference Amount” means the aggregate principal amount of the Units, namely an amount equal to (i) the net aggregate principal amount of Designated Financial Indebtedness subject to the Restructuring and in respect of which Recovery Units are issued minus (ii) the aggregate principal amount (converted into Dollars at the Spot Rate of Exchange two Business Days (as defined in Condition 6(a)(Collection Account and Conversion)) before the Issue Date) of the Senior Notes and Subordinated Notes issued under Senior Packages 1 and 2 (as defined and described in the Information Memorandum), the cash paid under those Packages and the Initial Principal Amount (converted into Dollars as aforesaid) of the OID Notes minus (iii) the aggregate amount from time to time of all Recovery Payments made.

This definition differs from that contained in the Information Memorandum and has been changed following consultation with the Steering Committee.