1. 1 Presentation October 2009

2. Overview 2

3. 3 Bank of Moscow’s Key Strengths and Investment Highlights 3 rd place by volume of retail deposits* provides reliable and stable funding base Moody’s: Baa1 Fitch: BBB- 5 th largest bank in Russia in terms of total assets* Well-diversified and solid client base of large corporate, SME and retail clients Extensive distribution network in Moscow and key Russian regions *Source: Kommersant Dengi Magazine (№27) figures as of 1 July, 2009 Strong risk profile Track record of strong support from the City of Moscow – the largest shareholder

4. Shareholder Structure 4

5. The City of Moscow has been the largest shareholder of the Bank since the Bank was established in 1995. Combined stake of the City of Moscow in the Bank’s share capital is 63.39%, including direct shareholding of the Property Department of the City of Moscow - 48.11% and indirect shareholding of the companies of the Capital Insurance Group - 15.28%. The Capital Insurance Group is, in its turn, controlled by the City of Moscow and the Bank of Moscow Group. Mr. Andrey Borodin, Chairman of the Management Board, and Mr. Lev Alaluiev, Deputy Chairman of the Board of Directors, indirectly jointly control 21.18% of the Bank’s share capital. Since 2004 Bank’s shares are traded on MICEX. In July 2009, the13 th share issue was completed, as a result of which the Bank’s share capital was boosted by RUB 20 bn. Controlled by the City of Moscow 5 Controlled by GCM Russia Opportunities Fund (Cayman Islands)

6. Business Overview 6

7. Current and deposit accounts Loan services Mortgages Debit and credit cards Money transfers Internet and telephone banking Internet trading (“Mos-broker”) Corporate lending Syndicated loans Trade finance and guarantees Foreign trade and exchange operations Debt Capital Markets (Local and International) Payment and account services Securities trading Precious metals Depositary services Underwriting Research Private asset management services Fund management services Mutual and pension funds Private Banking Business Lines 7 Corporate and Investment BankingRetail Banking Asset Management & Private Banking

8. Business Overview Emphasis on the further increase of risk management efficiency Rigorous control over the asset quality Credit risk diversification and strengthening of underwriting standards Prudent Risk Management Policy Retail Banking Increase and diversify the customer base Maintain high quality of the loan portfolio coupled with a rise in cross selling Provide flexible services and solutions to customers to address the current market environment Corporate Business Increase and diversify the customer base Maintain high quality of the loan portfolio Provide flexible services and solutions to customers to address the current market environment PRESERVE ASSET QUALITY, EFFICIENCY OF BUSINESS AND MAINTAIN THE CURRENT MARKET POSITION Business Efficiency and Market Positions Offer services to wealthy individuals in line with international standards Private Banking 8 Business Strategy Branch Network Retain positions in the regions Use the regional network to diversify client and risk concentration Increase business efficiency Maintain leading positions in the national banking industry Tighten control over the quality of all business processes, costs and expenses

9. Top Russian Banks by Capital (RUB, bn*) Bank of Moscow’s Market Position* *Source: Kommersant Dengi Magazine(№27) figures as of July 1, 2009 13339 Top Russian Banks by Net Assets (RUB, bn*) 6683,9 9 Business Overview 3242,1 Top Russian Banks by Retail Deposits (RUB, bn*) Top Russian Banks by Loan Portfolio (RUB, $bn*) 5425,4

10. Ratings Reflect the Credibility of the Bank* Business Overview A2 A3 Baa1 Baa2 Baa3 Ba1 Ba3 A A- BBB+ BBB BBB- BB+ BB BB- B+ Ba2 10 *Senior Unsecured Eurobond Ratings

11. Business Overview No. 3 retail deposit taker in Russian Federation* RUB 164.4 bn of term deposits and current accounts as of 30 June 2009* Approved by CBR to participate in the Deposit Insurance System Authorised bank of the Deposit Insurance Agency to manage retail accounts of the banks with withdrawn licences Over 9 million retail customers as of June 30, 2009** As of September 1, 2009, 12.3 mn plastic cards issued compared to 11.0 mn as of 1 January, 2009** RUB 101.9 bn – retail loan portfolio (gross) as of 30 June, 2009*** Variety of deposit products designed for different categories of retail customers Wide range of services targeted at the inhabitants of the City of Moscow, including Muscovite Social Cards issued in partnership with VISA International. It is a combination of a bank debit card, an identification card, an insurance identification card and Moscow public transportation travel card designed for those Muscovites, who receive pay offs from the City’s budget. 1800 ATMs and self-service zones inside retail locations and offices throughout the country to allow customers to get services from ATMs such as credit payments, transfers, deposits, utility and mobile communication payments, etc. Advanced Internet and Telephone banking Retail Banking 11 *Source: Kommersant Dengi (№37) figures as of July 1, 2009 **Source: Bank of Moscow ***Source: Bank of Moscow IFRS Consolidated Financial Statements as of June 30,2009

12. Business Overview Over 105.4 thousand corporate and public sector customers as of 30 June, 2009* Focus on stable sectors of Russian economy Corporate banking dominates the asset side of the balance sheet:  as of 30 June, 2009 corporate loans accounted for 81.5% of the Bank’s gross loan portfolio and stood at RUB 447.6 **  involved in financing the key projects of the City of Moscow Developing banking products and services targeted at SME clients Increasingly active in trade financing Provides payment services to commercial and public sector clients through branch network Corporate and Investment Banking 12 * Source: Bank of Moscow ** Source: Bank of Moscow IFRS Consolidated Financial Statements as of June 30, 2009 Variety of investment banking services, including:  underwriting  debt issuance  research  asset management Strong track records of RUB denominated bond issuances: since 2004 issues totaling RUB 434 bn organized for 145 issuers*

13. Business Overview 135 outlets and 471 desks at postal offices in Moscow and Moscow Region * 68 regional branches and 190 sub-branches * With total 393 outlets throughout the country - presence in 60 regions of Russian Federation * Foreign subsidiaries in Belarus, Latvia, Estonia, Ukraine, Serbia and Representative office in Frankfurt Moscow-based with Wide Geographical Reach United States of America 13 * Source: Bank of Moscow as of 1 September, 2009 Estonia Petrozavodsk Arkhangelsk Kaliningrad Vyborg St. Petersburg Vologda Kirov Yaroslavl Tula Kursk Rostov-on-Don Krasnodar Sochi Vladikavkaz Astrakhan Orsk Orenburg Samara Saratov Voronezh Nizhny Novgorod Cheboksary Berezniaki Perm Izhevsk Yekaterinburg Tyumen Moscow Omsk Tomsk Kemerovo Novosobirsk Novokuznetsk Kransnoyarsk Irkutsk Ulan-Ude Vladisvostok Khabarovsk Yuzhno—Sakhalinsk Petropavlovsk— Kamchatsky “Moscow-Minsk” (Minsk) “Zarechye” (Kazan) “Latvian Businessbank” (Riga) Poland Byelorussia Latvia Finland Norway Ukraine Turkey Iran Kazahkstan China Japan United States of America Russian Federation Regional Branches Subsidiary and Affiliate Banks “BM Bank” (Kiev) Barnaul Maykop Belgorod Stavropol “Eesti Krediidipank” (Tallin) Orel Volgograd Ufa Yakutsk Velikiy Novgorod Lipetsk Kazan Syktyvkar Kovrov Chelyabinsk

14. Business Overview Based on recommendations and requirements of CBR, Basel Committee and auditors Single borrower/economic group limits Product type/geographic/industry concentration limits Ongoing monitoring of borrower’s condition and collateral Strengthening of underwriting standards to address the crisis Conservative Credit and Market Risk Policies in Place 14 Credit Risk Limited open foreign currency position, stop-loss, borrower limits Centralised control over exchange rates in currency operations In accordance with CBR regulations, currency risk exposure cannot exceed 20% of the Bank’s aggregate capital in all currencies Currency position is controlled by the CBR on a daily basis Currency Risk Managed with the aid of scenario analysis, simulative, optimising and predictive modelling Strict CBR controls on instant (N2) and current (N3) liquidity standards Monitored on a daily basis Liquidity Risk Measured via gap and interest rate sensitivity models Also employ stress testing and scenario analysis techniques Interest Rate Risk Vertically integrated risk management system penetrating the Bank, incl. regional branches, with the CRO reporting directly to the CEO and the Management Board. Credit Committee, Small Credit Committee and Mortgage Committee are authorised to make independent lending decisions.

15. Business Overview Eurobonds: RUR 5,000,000,000 Eurobonds due 2009 US$300,000,000 Eurobonds due 2010 CHF 250,000,000 Eurobonds due 2011 US$500,000,000 Eurobonds due 2013 LT2 Debt: US$300,000,000 Subordinated Eurobonds due 2015 US$400,000,000 Subordinated Eurobonds due 2017 Local Bonds: RUR 10,000,000,000 Bond due 2011 RUR 10,000,000,000 Bond due 2013 Bank of Moscow in International and Local Capital Markets 5 senior Eurobonds issued over the last three years and 2 LT2 Eurobond issue 2 placements on the local debt market 4 syndicated Term Loans outstanding In 2008 the Bank of Moscow raised approximately US$1.45 bn from international and local markets 15 Syndicated Loans: US$220,000,000 Syndicated Term Loan due 2009 US$105,000,000 Syndicated Term Loan due 2010 US$600,000,000 Syndicated Term Loan due 2010 US$30,000,000 & EUR105,000,000 Syndicated Term Loan due 2011

16. Financial Overview 16

17. Financial Overview Asset Composition (1H2009)Assets in 2006 – 1H2009 (RUB bn) Overview of Assets* 17 *Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009. 100% = RUB 824,0 bn

18. Financial Overview Loan portfolio is well diversified by industries and geographically, which is in line with the credit risk management approach. 40% of the Bank’s gross loan book are concentrated in regions*. Focus is on the stable sectors of the Russian economy. As of June 30, 2009, related party lending accounted for 3.78% of the gross loan portfolio.** Bank of Moscow ’ s Loan Portfolio Loan Portfolio Breakdown by Industry Sectors (1H2009)* 18 *Source: Bank of Moscow as of June 30, 2009 **Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009

19. Retail Loan Portfolio Breakdown (1H2009)Retail Loan Portfolio (Net), RUB bn Retail loans decreased 14.0% since the end of 2008 due to the reduction in demand for retail products by individuals on the back of the financial uncertainty and the Bank ’ s policy not to enhance retail lending in the first half of 2009. 19 Financial Overview Bank of Moscow ’ s Loan Portfolio (Cont ’ d) *Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009

20. Financial Overview Overdue Loans and Allowance for Loans LossesClient Concentration: Twenty Largest Borrowers Bank of Moscow’s Loan Portfolio (Cont’d) 20 In 1H2009 the Bank was steadily increasing its loan loss provisions: as of June 30, 2009 the provisions totalled RUB 24.2 bn, a 88.03% growth from the beginning of 2009. As of June 30, 2009 LLPs comprised 4.41% of the loan portfolio stood compared to 2.43% as of December 31, 2008. NPLs accounted for 2.98 % of the Bank’s gross loan portfolio. The NPLs are 1.48 times covered by provisions. Concentration of top 20 borrowers in the total loan portfolio increased to 28% due to slowdown of the economy Loan portfolio is collateralized by 1.9 times *Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009 1042,5

21. Financial Overview Liability Composition (1H2009)Liabilities in 2006 – 1H2009 (RUB bn) Overview of Liabilities 21 100% = RUB 755,8 bn Strong deposit base has always been one of the key advantages of the Bank. As of June 30, 2009, customers accounts comprised 63.7% of the Bank ’ s liabilities. Customer funds increased 18.6% in the first half of 2009. *Source: Bank of Moscow, IFRS Consolidated Financial Statements as of 30 June, 2009

22. Financial Overview Growth in Deposits (RUB bn) Composition of Client Deposit Portfolio Deposit Base 22 Continued diversification of deposit base with the following sources of state funding available: CBR funding (unsecured and secured loans, repo transactions), Ministry of Finance and funds of state-owned corporations Authorised bank to bid for the funds of the City of Moscow placed on a tender basis. By Deposit Type By Customer Type *Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009.

23. Financial Overview Profit and Loss Income (RUB bn)* Profit & Loss Highlights 23 Selected Profitability Ratios* Cost/Income Ratio* Operating Income* *Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009.

24. Financial Overview As of June 30, 2009 the Bank’s total capital position was sound with a total capital ratio (Basel 1 Accord) of 15.7%. High quality of capital: Tier 1 Capital of RUB 62,4bn with the Tier 1 ratio of 10.3%. In July 2009, the 13th share issue was completed to boost the capital by RUB 20 bn. As of September 1, 2009 the CAR (CBR N1) stood at 15.94%.** This is well above 10% minimum limit set by the Bank of Russia. On August 3, 2009 the Supervisory Board of Vnesheconombank (VEB) decided positively on extending a subordinated loan for RUB 11.1 bn to the Bank, which will further strengthen its capitalization. Capital Base (RUB bn)Capital Adequacy 24 Source: Bank of Moscow, IFRS Consolidated Financial Statements as of June 30, 2009 ** Source: Bank of Moscow CRR accounts as of September 1, 2009 min 8% (Basel 1 Accord)