An extraordinary general meeting of Obibank Ltd. participants held on December 14, 2010, appointed Pavel Ivanovich Khramshin Chairman of the Board of Obibank Ltd. A positive decision on Khramshin’s appointment by the Moscow Main Territorial Department of the Central Bank of Russia was received on December 10, 2010.

P. Khramshin was also elected a member of Obibank Ltd. Board of Directors.
 
Until recently, Khramshin worked in METROPOL Group of Companies in the capacity of Deputy General Director for financing arrangements.