Sale of ROSBANK Shares

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On June 6, 2006, Interros Company has signed an agreement with a French bank group Société Générale to sell 10% minority stake in Rosbank. The price of acquisition is USD 317 million.

The agreement between the two parties stipulates that both Interros and Société Générale will form a strategic partnership to further develop Rosbank. In the context of such partnership Rosbank will acquire business processes, managerial experience and financial products of Société Générale.

As part of this process Interros has decided not to proceed at this time with the Rosbank initial public offering and the listing on the London Stock Exchange.

On September 28, the Société Générale and Interros have announced the acquisition of a second 10% stake in Rosbank from Interros for USD 317 million, a similar price to the first 10% stake, thereby increasing Société Générale’s holding to 20% less 1 share.

In addition, Société Générale has signed a call option with Interros on 30% + 2 shares of Rosbank, which will enable it to take control of the bank by December 31, 2008 .

Between 2006 and the exercise of the call option, Société Générale will be represented on Rosbank’s Board of Directors by Philippe Citerne, Director and co-CEO, and Jean-Louis Mattei, Head of International Retail Banking, and will advise the bank on its risk and finance policies.

Interros will consider, at the time of the exercise of the call, the possibility to become shareholder of Société Générale. Société Générale would welcome such move.

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