OREANDA-NEWS. December 24, 2012. As previously announced on November 19, 2012, Sberbank of Russia (“Sberbank”) entered into an amendment to its Regulation S GDR program deposit agreement, dated as of November 19, 2012 (the “Reg S GDR Deposit Agreement”). Under this amendment, the terms of the Reg S GDR Deposit Agreement were amended and restated to be identical to the terms of Sberbank’s Level I ADR program deposit agreement, dated as of June 27, 2011, as amended as of September 24, 2012, thereby merging the two depositary receipt programs into one single program (the “Reg S GDS Conversion”).

Sberbank now announces that the Reg S GDS Conversion was completed on December 19, 2012. As a result, the Reg S GDSs have now been redesignated as American depositary shares (“ADSs”) under Sberbank’s Level I ADR program and are in all respects fungible with the outstanding ADSs. The ADSs trade on the LSE under the ticker symbol “SBER” as well as on the entry standard trading platform of the Frankfurt Stock Exchange and over-the-counter in the United States.