OREANDA-NEWS. December 03, 2012. The Supervisory Board of NOMOS BANK ("NOMOS" or "the Bank" or with its subsidiaries, the "Group") has decided to recommend to holders of global depositary receipts (the "GDRs") of NOMOS BANK the offer by NomGDR Limited to acquire the GDRs at the price and on the terms set out in the draft Offer Memorandum of NomGDR Limited, reported the press-centre of NOMOS.

The Supervisory Board presumes that the offer by NomGDR Limited will be made no later than 22 November 2012 and completed in accordance with the terms and deadlines set out in the draft Offer Memorandum of NomGDR Limited.

The recommendation of the Supervisory Board is based, among other things, on the opinion of Citigroup Global Markets Limited ("Citi"), financial advisor to NOMOS BANK. This opinion relates to the fairness, from a financial point of view, of NomGDR Limited’s offer to GDR holders and the fact that Otkritie Advisory Services Limited, 100% of the shares of which are indirectly owned by OTKRITIE Financial Corporation JSC, has the right to acquire 100% of shares in NomGDR Limited.

On November 13th, the Supervisory Board announced that in the event of an announcement of an offer by Otkritie Financial Corporation, its affiliates or entities specially designated for this purpose ("OFC"), to purchase the GDRs of NOMOS at a price that the Supervisory Board of the Bank considers suitable to recommend to the holders of the GDRs, the Board will convene a meeting as soon as possible to consider the appointment of Vadim Belyaev as Chairman of NOMOS.

As a result of the offer, the Supervisory Board of NOMOS BANK has also voted to terminate prior to expiration of the term of service the powers of the President Dmitri Sokolov and to elect Vadim Belyaev as President of NOMOS BANK as of 23 November 2012. Dmitry Sokolov will be appointed as NOMOS Chief Executive Officer (CEO).

NOMOS GDRs were issued under Rule 144 A and Regulation S on the basis of a depositary agreement between NOMOS BANK Bank and Deutsche Bank Aktiengessellshaft on 21 February 2011.

Citi, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting solely and exclusively for the Supervisory Board and for no other party in connection with the Offer and will not be responsible to any party other than the Supervisory Board for providing the protections afforded to clients of Citi or advice in relation to the Offer.