HISTORY 1995 2004 2005 2007 2008 Foundation ACQUISITION ACQUISITION Pioneer of ACQUISITION of OTKRITIE OF ASSET OF A UK BROKERAGE … … BROKERAGE OF RBR BANK … Financial MANAGEMENT COMPANY COMPANY Establishment of Corporation Development of Entry into Entry into the Company as a as a holding commercial asset management international local broker company banking market markets ТОP-10 in trading • ТОP player in ADR volume at exchanges trading volume at and number of clients LSE since 2009* from 1999 to present* • FSA regulated September 27 1Q 2009 2010 2010 2011 2010 2010 2009 MERGER OF November December March August BANK VTB THREE BANKS ACQUIRED ACQUISITION INCREASE OF FINANCIAL ОTKRITIE IFC… 19.9 % STAKE OF 25% STAKE STAKE IN RESTRUCTURING CORPORATION ACQUIRED • OTKRITIE IN OTKRITIE IN PETROVSKY PETROVSKY OF SGB 15.7% STAKE INVESTBANK Financial BANK BANK TO 50% (Sverdlovsky ООО ОАО IN • OTKRITIE Corporation Gubernsky Bank) OTKRITIE BANK COMMERCIAL BANK • PETROVSKY BANK • ТОP 35 at 2010 end in net assets* Source: RTS, MICEX, the Company (RBC rating) 2
CORPORATE STRATEGY The Corporation is a universal player on the finance market with stable and diversified Goal income base , IPO in 2013. Increase of income in 2011-2012 via acquisition of other banks as well as entering the insurance market; Strategy Increase of income margins of the business through improving efficiency in 2012 – 2013 Investment attractiveness. Becoming one of the TOP 3 Russian investment banks by revenues; Becoming one of the TOP 30 Russian banks by net assets and tier 1 capital;Key indicators Becoming one of the TOP 5 Russian brokerage companies by number of clients; Becoming one of the TOP 20 asset management companies in Russia by value of assets under management. 3
STRUCTURE OF THE CORPORATION BENEFICIARIES Others V.Belyaev B.Mints VTB Bank (option program) 37.98% 37.98% 19.90% 4.14% OTKRITIE FC JSC 100% OTKRITIE Finance (Cyprus) Ltd. Distressed assetsCommercial banking Asset Management Management 100% 100% 100% 100% OTKRITIE Bank OTKRITIE Asset OTKRITIE OTKRITIE Brokerage OTKRITIE Debt Center JSC Management JSC Securities Limited House JSC LLC 39% 17% 67% 16% 28% Global Markets and Investment Banking Brokerage 4
LINES OF BUSINESS Global Markets and Distressed assets Commercial banking Brokerage Asset Management Investment Banking Management Corporate banking Fixed income trading Electronic trading Trust management Management of distressed assets received by the Retail banking Debt capital markets Retail brokerage Management of collective corporation from banks investments undergoing financial SME lending Equity capital markets Prime brokerage restructuring Microloans Mergers & Acquisitions Depository services Work with market clients Private banking Sales and trading Money market Research 5
BOARD OF DIRECTORS Board of Directors of OTKRITIE FC JSC Board of Directors of OTKRITIE GroupBoris I.Борис ИосифовичМИНЦ MINTS Vadim S.Вадим Станиславович БЕЛЯЕВ BELYAEVChairman of the Board директоров,Председатель Совета CEO, Board Member Член Совета директоров,Первый Вице-Президент ООО ФК «ОТКРЫТИЕ» Президент ООО ФК «ОТКРЫТИЕ»Mikhail V. BELYAEVБЕЛЯЕВ Михаил Викторович Vladimir A. MAUАлександрович МАУ ВладимирBoardСовета директоров,Член Member Independent Director, Board Member Член Совета директоров,Генеральный директор ООО ФК «ОТКРЫТИЕ» Независимый директорSergei K. DUBININКонстантиновичДУБИНИН Сергей КИСЕЛЕВ Олег Владимирович Oleg V. KISELEVBoardСовета директоровЧлен Member Член Совета директоров Independent Director, Board Member 6
TOP MANAGEMENT Top management of OTKRITIE CorporationVadim S. BELYAEV Mikhail V. BELYAEVBoard Member, CEO, Board Member,OTKRITIE FC JSC. OTKRITIE FC JSC.Evgeniy L. DANKEVITCH Irina G. LISITSINA Managing director,Chairman of the Board, CEO, OTKRITIE Asset Management.OTKRITIE Brokerage house (JSC). Asset Management.Dmitry Z. ROMAEV Vasiliy V. ZABLOTSKIYCFO, Chairman of the Executive Board (CEO),OTKRITIE FC JSC. OTKRITIE Bank (JSC). Commercial Banking.Anatoliy N. PREDTECHENSKY Roman Yu. LOKHOVDeputy Chairman of the Executive board, CEO,OTKRITIE Bank (JSC). OTKRITIE Securities Ltd.Risk management. Head of Global Markets and Investment Banking.Sergey E. GILEV Johannes BoernerCEO, First Deputy Chairman of the ManagingOTKRITIE Debt Center (LLC). Committee, OTKRITIE FC JSC. 7
CORPORATE GOVERNANCE OTKRITIE Financial Corporation JSC Management Holding Company Board of Directors FINANCIAL REPORTING Strategy and Risk Committee RISK MANAGEMENT AND ANALYSIS Budget Committee MANAGING COMMITTEE INTERACTION WITH GOVERNMENT BODIESStaff and Remuneration Committee Financial Committee INVESTOR RELATIONS Investment Committee INTERNAL AUDIT 8
KEY FIGURES OF BANKING Rated by the NRA (November 2010): AА- «OTKRITIE» Bank (JSC) (very high reliability, third level) Key facts Key financial figures General license №2179 granted by the Central Bank of Russia on Item 3Q 2010 2010 27.09.2010 (RUR mln.) Assets 109 970 132 800 RBR Commercial Bank was acquired by OTKRITIE FC in November 2008, Сapital 17 730 16 025 subsequently renamed as OTKRITIE Net profit* 6 390 5 890 Commercial Bank * Including extraordinary items On September 27 Investbank OTKRITIE and Bank Petrovsky Source: management accounts under Russian accounting standards (RAS) merged with OTKRITIE CB Retail network across Russia Rankings (01.01.2011): 32 regions 42 cities As of 01 January 2011: As a result of 2010: 214 branches • № 32 by net assets value among TOP 500 • № 12 largest manager of corporate bond 5,140 employees (01.01.2011) banks of Russia (RBC Rating) issues (www.cbonds.info) 340 ATMs • № 34 by Tier 1 capital among all Russian • № 11 largest underwriter of corporate banks (company data by RAS) bond issues (www.cbonds.info) Member of the state program to support SME, partner of RosBR bank 9
KEY FIGURES OF BROKERAGE BUSINESS RETAIL BROKERAGE INSTITUTIONAL BROKERAGE (OTKRITIE Brokerage House) (OTKRITIE Securities Ltd.) Regulated by the FSA Regulated by the FFMS of Russia Rated by the NRA (2011): ААА Acquired in 2007, and renamed as OSL Successfully operating on the market since 1997 Participant of the London Stock Exchange (LSE, EDX London) and 284 employees (as at 01.11.2010) Frankfurt Exchange (Deutsche Börse) No. 1 on the RTS Standard in terms of trading turnover in 2009, during Focused on institutional investors (more than 100) 8 months of 2010 and in October 2010 (as quoted on www.rts.ru) Prime Brokerage Services Provides services on the equity, bond and derivative markets Headquartered in London, with offices in Frankfurt and Moscow: 79 Internet Trading (QUIK), training*, counselling employees in total Number of clients Provides access to 30 leading global stock exchanges via: 14 316 20 449 QUIK 8 634 CQG SunGard 2008 2009 2010 Source: Company data Bloomberg RUR m. 2008 2009 2010 RUR m.*** 2008 2009 2010Trading turnover (in total)** 2,790,000 2,470,000 9,930,000 Trading turnover (in total) 66,700 710,000 3,300,000Clients’ assets 10,500 44,500 117,000 Clients’ assets 1,591 9,511 82,000 Source: Company data Source: Company data * is not regarded as educational activity; does not result in granting any education and/or qualification degree or document ** according to the data from www.mices.ru and www.rts.ru*** as per exchange rate of Central Bank of Russia at last day of respective period 10
KEY FIGURES OF ASSET MANAGEMENT BUSINESS OTKRITIE ASSET MANAGEMENT Rated by the NRA (2010): АА Key facts Mutual funds managed by OTKRITIE Asset Management OTKRITIE-Telecom MICEX Index Open-Ended Mutual Fund No. 1 in terms of return on investment of pension savings OTKRITIE-MICEX Index Open-Ended Mutual Fund over a three-year period from June 2007 to September OTKRITIE-Equities Open-Ended Mutual Fund 2010, (RF Pension Fund data) OTKRITIE-Bonds Open-Ended Mutual Fund OTKRITIE–MICEX Index–power industry Open-Ended Mutual Fund 26 employees Assets under management as at January 01, 2011 equal to Return on investment of pension funds RUR 11,504 m. (Company data) 180% Provides services to individuals and corporate clients Funds under management of Trust management for institutional investors: OTKRITIE Asset Management Money Management for Non-governmental Pension 140% Benchmark (30% MICEX Funds Index+ 70% MICEX Index corporate bonds) Management of Pension Savings of Russia’s Pension Fund Pension savings under management of Management of Compensation Funds of Self-Regulatory 100% Vnesheconombank Organizations CPI (Rosstat data) Management of Insurance Companies’ Funds Management of Dedicated Funds 60% 28.12.07 28.06.08 28.12.08 28.06.09 28.12.09 28.06.10 28.12.10 Source: Company data 11
LICENSE INFORMATION OTKRITIE Bank (JSC) General license №2179 dd 27.09.2010 issued by the Central Bank of RF Licence for operations with precious metals №2179 dd 27.09.2010 issued by the Central Bank of RF FFMS License of professional participant of the stock market for brokerage activity № 177-03454-100000 dd 07.12.2000 FFMS License of professional participant of the stock market for dealer activity № 177-03557- 010000 dd 07.12.2000 FFMS License of professional participant of the stock market for management of securities № 177-03661-001000 dd 07.12.2000 FFMS License of professional participant of the stock market for custodial activity № 177-04186-000100 dd 20.12.2000 FFMS License of special depository for investment funds, mutual investment funds and non governmental pension funds № 22-000-1-00095 dd 19.08.2010 FFMS License of exchange broker for operations with futures and options at the exchange on the territory of Russia № 1105 dd 13.12.2007 The Bank is authorised to act as a warrantor in front of the customs. OTKRITIE Securities Ltd. (UK) The complete list of OSL licenses as well as of activities for which they were issued you can find on the following link: http://www.fsa.gov.uk/register/firmPermissions.do?sid=98584 OTKRITIE ASSET MANAGEMENT Ltd. FFMS License of professional participant of the stock market for management of securities № 077-07524-001000 dd 23.03.2004 FFMS License for management of investment funds, mutual investment funds and non governmental pension funds № 21-000-1-00048 dd 11.04.2001 OTKRITIE Finance (Cyprus) Ltd. CySEC licenses for activity as investment company in Cyprus №KEPEY 06906, №0690601T, №0690602Т as amended dd 10.08.2006, 05.02.2007, 16.03.2007 respectively OTKRITIE Brokerage House (JSC) FFMS License of professional participant of the stock market for brokerage activity № 177-06097-100000 dd 28.06.2002 FFMS License of professional participant of the stock market for dealer activity № 177-06100-010000 dd 28.06.2002 FFMS License of professional participant of the stock market for management of securities № 177-06102-001000 dd 28.06.2002 FFMS License of professional participant of the stock market for custodial activity № 177-06104-000100 dd 28.06.2002 FFMS License of exchange broker for operations with futures and options at the exchange on the territory of Russia № 1082 (valid until 22.11.2010)Licenses of Central Bank, FFMS and CySEC are issued without limitation of validity (unless specified otherwise ) 12
DISCLAIMERGeneralAll data contained in this presentation are only for informational purposes and cannot be considered as professional advise orguide for action.Information contained in this presentation can be changed without prior notice.None of its parts, as well as the fact of its dissemination in itself shall not form the basis of or be relied on with any contract,obligation or an investment decision.This presentation is not an advertisement of securities, nor a suggestion or attempt to sell, trade or otherwise change theownership of any securities, whereas it does not constitute fiduciary relationship and is not an offer.This presentation is not an investment analytical report and it shall not comply with legal requirements for analytical reports. Ithas been prepared in order to allow the users to evaluate by themselves the issues, deals and companies mentioned therein.We do not accept any responsibility for any possible damage, which may be a result of usage of data contained in thispresentation.OTKRITIE Asset Management Ltd.Before purchasing a share in the mutual fund you should attentively examine the trust management rules* of the mutual fund.Value of the shares in mutual fund can increase or decrease; investment results in the past do not determine the profits in thefuture; government do not guarantee the profitability of investments in mutual funds.Premiums (discounts) will decrease the profitability of investments in shares of the mutual fund.Asset management results of asset manager in the past do not determine the profits of the trustor in the future.The aforemensioned profitability indicators are not used to demonstrate the results of pension savings investment in specialpart of individual personal accounts of insured persons.* Trust management rules of open-ended mutual fund of stocks «OTKRITIE – Shares» registered by FFMS of Russia on 17.12.2003 № 0164-70287842.Trust management rules of open-ended mutual fund of bonds «OTKRITIE – Bonds» registered by FFMS of Russia on 17.12.2003 № 0165-70287767.Trust management rules of open-ended mutual fund «OTKRITIE – MICEX Index – power industry» registered by FFMS of Russia on 23.05.2006 № 0520-94104603.Trust management rules of open-ended mutual fund «OTKRITIE – MICEX Index» registered by FFMS of Russia on 05.07.2007 № 0890-94127385.Trust management rules of open-ended mutual fund «OTKRITIE – MICEX Index – telecommunications» registered by FFMS of Russia on 06.12.2007 № 1102-94140813. 13
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