20-05-2013

Dear Clients,

We would like to inform you that, under the decree of the Finance Ministry of the Republic of Cyprus on 10 May 2013, Russian Commercial Bank (Cyprus) Limited has been included in a list of "international banks" operating in the Republic of Cyprus.

According to the decree, Russian Commercial Bank (Cyprus) Limited performed the split of clients into two categories - "international" and "domestic" clients of the Bank.

For the "international" clients of the Bank, restrictions on all transfers of funds and cashless payments have been removed.

Please note that in accordance with the requirements of the decree on "international banks" we do not open accounts for new "domestic" clients. For "domestic" clients of the Bank, the following procedure for banking operations through Russian Commercial Bank (Cyprus) Limited, in accordance with decree no 12 published by the Finance Ministry of the Republic of Cyprus on 17 May 2013 is applied.

These restrictions are temporary and shall remain in force until 24 May 2013 inclusive. As soon as we know that we are to resume banking services in full, we shall notify you immediately.

Please contact your client manager in order to clarify your status.

Yours faithfully,

Russian Commercial Bank (Cyprus) Limited