Changes in Current Account Tariffs become effective from December 7, 2006.

Dear Clients!

Please be informed that the following changes in Current Account Tariffs (hereinafter the Tariffs) become effective from December 7, 2006:

1. We specified the Article 4 (footnote 3) - The terms of processing the payment orders within the Bank have been determined: Payment orders within the Bank in roubles and foreign currency between one person's accounts, opened in one region, will be processed during one working day. Payment orders within the Bank in roubles between one person's accounts, opened in different regions, between different person's accounts, opened within the Bank, between private and corporate accounts, opened within the Bank, between private and individual entrepreneur's accounts, opened within the Bank, received before 2 pm, will be processed by the Bank during current working day. Payment orders within the Bank in foreign currency between one person's accounts, opened in different regions, between different person's accounts, opened within the Bank, between private and corporate accounts, opened within the Bank, between private and individual entrepreneur's accounts, opened in different regions, will be processed by the Bank on the next working day. Payment orders within the Bank in foreign currency between private and individual entrepreneur's accounts, opened in one region, received before 2 pm, will be processed by the Bank during current working day.
2. We changed the Article 7 - We have added following Raiffeisen Group banks: Raiffeisenlandesbank Oberosterreich Zweigniederlassung Suddeutschland, Aval Bank Kiev, Impexbank Moscow
3. We changed the Article 16 - The amounts of cash whose withdrawal at ZAO Raiffeisenbank Austria outlets requires prior notification of the Bank are over 10 000 USD/5 000 EUR
4. We specified the cash withdrawal fee charging (footnote 2) - this fee is not applied when: mortgage loan amount is withdrawn (for mortgage loans for the purpose of real estate renovation the fee is not applied only if the whole tranche amount is withdrawn one-time)
5. We specified the fee charging for the transfer (footnote 5) - In case of cancellation of payment, which has already been executed, bank's fee is not returned.

You may familiarize yourself with the changes by asking the new Tariffs from the bank staff.

Regards,
ZAO Raiffeisenbank Austria