OJSC Nomos Bank NMOS Supervisory Board recommendation of Offer

  OJSC Nomos Bank (NMOS) - Supervisory Board recommendation of Offer

RNS Number : 7463R
OJSC Nomos Bank
22 November 2012

Open Joint-Stock Company NOMOS Bank

22 November 2012

NOMOS Supervisory Board recommends to GDR holders the offer by NomGDR; elects
Vadim Belyaev as President

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 dated 21 November 2012.

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 dated  21 
November 2012.

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 

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.



Marianna Naumenko, Head of IR

Phone: +7 (495) 737 7355 ext. 2620

E-mail: naumenko_ms@nomos.ru


NOMOS is the eighth largest  banking group in Russia  by total assets and  the 
second largest privately-owned Russian universal bank with total assets of RUB
699.3 billion and equity of RUB 84.3 billion as at 30 June 2012. NOMOS has  an 
extensive branch network of 296 outlets in the economically important  regions 
of Russia,  with the  majority  of its  business  concentrated in  Moscow,  St 
Petersburg, Tyumen (including  the Khanty-Mansiysk  autonomous district),  and 
the Novosibirsk and Khabarovsk regions. NOMOS provides a full range of banking
services to corporate, small business and retail clients. As at 30 June  2012, 
NOMOS served approximately 12,400  corporate customers, 80,100 small  business 
clients and  approximately 1.5m  retail customers,  including private  banking 
clients. NOMOS is  listed on  both the London  Stock Exchange  (GDRs) and  the 
MICEX exchange in Moscow. NOMOS has long-term international credit ratings  of 
BB from Fitch and Ba3 from Moody's.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCDBBDBIBDBGDB -0- Nov/22/2012 07:00 GMT
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