Licenses and permits underlying NK Bank operations:

General Banking License No. 2755 issued by the Bank of Russia on October 14, 2002. Validity term: indefinite.

Precious Metals Transactions License No. 2755 issued by the Bank of Russia on October 14, 2002. Validity term: indefinite.

Securities Management License No. 077-07264-001000 issued by Federal Securities Market Commission of the Russian Federation on December 19, 2003. Validity term: indefinite.

Dealing License No. 077-07255-010000 issued by Federal Securities Market Commission of the Russian Federation on December 19, 2003. Validity term: indefinite.

Brokerage License No. 077-07248-100000 issued by Federal Securities Market Commission of the Russian Federation on December 19, 2003. Validity term: indefinite.

Depositary Practice License No. 077-07265-000100 issued by Federal Securities Market Commission of the Russian Federation on December 19, 2003. Validity term: indefinite.

Notification from the Russian Federal Customs Service No. 32 dated April 1, 2010, authorizing NK Bank to act as the guarantor in relations with the customs authorities. Validity term: until April 1, 2013.

Licenses issued by the Center for Licensing, Certification, and Protection of the State Secret at the Russian Federal Security Service, Nos. 4280 Х, 4281 Р, 4282 У dated July 9, 2007, authorizing NK Bank to perform maintenance of encryption devices, distribute encryption devices, and provide data encryption services. Validity term: until July 9, 2012.