Moody’s Investors Service today upgraded the long- and short-term local and foreign currency deposit ratings ofJSC Rosbank («Rosbank») toBaa3/Prime-3 (positive outlook) from Ba2/Not Prime (stable outlook). Moody’s also upgraded the foreign currency debt ratings assigned tothe debt issuance programme ofRosbank FinanceS.A. toBaa3/Prime-3 (positive outlook) from Ba2/Not Prime (stable outlook). Rosbank’s Bank Financial Strength Rating («BFSR») ofD was affirmed with stable outlook. Concurrently, Moody’s Interfax Rating Agency upgraded Rosbank’s long-term national scale rating toAaa.rufrom Aa2.ru. Moscow-based Moody’s Interfax ismajority-owned byMoody’s, aleading global rating agency.

The following ratings were upgraded:

• Long-term and short-term ratings ofthe US$750 million Guaranteed Debt Issuance Programme ofRosbank FinanceS.A. (Luxembourg) unconditionally and irrevocably guaranteed byRosbank — toBaa3/Prime-3 (positive outlook) from Ba2/Not Prime
• Long-term and short-term local and foreign currency deposit ratings ofRosbank — toBaa3/Prime-3 (positive outlook) from Ba2/Not Prime
• National Scale Rating — toAaa.ru(National Scale Ratings carry nospecific outlook) from Aa2.ru

The following ratings were affirmed:

• Bank Financial Strength Rating (stable outlook)