Moscow, December 7, 2009. BANK URALSIB (URALSIB or Bank) (RTS: USBN) is pleased to announce that the Supervisory Board has decided to convene the Extraordinary General Meeting of Shareholders (EGM) and defined the EGM agenda.

The meeting of the Supervisory Board held on December 1, 2009 has decided to call the EGM on January 27, 2010.

The EGM will consider the issue of BANK URALSIB reorganizing by incorporating OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” to OJSC “URALSIB”, as well as corporate reorganization order and terms.

The shareholders will approve the agreements on incorporation of OJSC “Stroyvestbank” and OJSC “URALSIB-YUG BANK” to OJSC “URALSIB”, they will also define the notification procedure on the Bank’s reorganization for its lenders. The EGM will consider the alterations to the OJSC “URALSIB” by-law and appoint the Bank’s representatives authorized for reorganization processes.

The record date is December 9, 2009.

All corporate actions within the incorporation procedure might be completed in IIIQ2010.