Petr Smida EBFF Prague, March 2009

1. Petr SmidaEBFF Prague, March 2009

2. Alfa-Bank’s universal business franchise • One of the most recognised brands in Russia — National “Super Brand of the Year”* • 3.5 million retail clients andmore than 56,000 corporate clients** St. Petersburg Moscow Kiev Vladivostok Almaty Retail Banking Corporate and Investment Banking • Equity Brokerage • Fixed Income Brokerage • Research • Debt and Equity Capital Markets • Mergers & Acquisitions • Structured Products and Derivatives • Corporate Lending • Domestic and International Clearing • SME Banking • Leasing • Trade Finance • Structured Finance • Factoring • Cash Management Auto Finance Branch Banking Consumer Finance • Current and Savings Accounts • Debit and Credit Cards • GSM Banking • Internet Banking • Personal Instalment Loans Mortgage Loans * Source: Superbrands International brand research, February 2008 ** Figures as of January 1, 2009, including those of Severnaya Kazna

3. Financial results demonstrating remarkable growth Net interest income (in US$, mln) Net profit for 6 months (in US$, mln) +129.5% Cost to Income ratio, % Net commission income (in US$, mln) Data is prepared in accordance with IFRS accounting standards based on January 2009 management reports. Figures as of December 31, 2008 are preliminary and may be different from audited IFRS figures.

4. Superior risk management • One of the best Risk Management teams in Russia • Loan concentration of top 10 borrowers is constantly reducing from 30.3% of total loans at the end of 2004 to 13.7% of total loans at the end of 3Q 2008 • Top 10 depositor concentration reduced to 36.7% at the end of September 2008 from 37.5% at the end of 2007 • Alfa-Bank plans further reduction of loan and deposit concentrations in 2008 • Related party lending kept at low level during the last 5 years Related party lending (US$, bn)* Loan concentration of top 10 borrowers (as % of total loans) * Source: IFRS reviewed by auditors financial results 1H 2008, including credit-related commitments 1

5. Loan portfolio structure and quality • The largest sector in the loan portfolio, Trade and Commerce, represents only 13% of the total loan book (end-2007: 18%) • Most of the construction sector financing consists of less risky commercial property and infrastructure construction, as compared to housing construction • Overdue loans increased due to the overall negative trend in the economy; corporate 90+ overdue loans comprised 1.1% of the portfolio, 30+ overdue – 2.7% as of December 31, 2008 • Progress achieved in retail portfolio quality – retail 30+ overdue loans decreased from 4.0% in 2007 to 3.2% in 2008, 90+ overdue dropped from 2.0% in 2007 to 1.3% by the end of 2008 • The increasing quality of the loan portfolio has allowed for a gradual decrease of provisioning rate from 4.6% in 2004 to 2.4% in 1H 2008, but due to current situation on the market the provisioning rate is raised to 5.0% and will be increased further Loan portfolio breakdown by economic sectors* * As of 3Q 2008. Source: management IFRS accounts Overdue loans and advances 1+ days** Provision for loan impairment (US$, mln)** ** Source: January 2009 management IFRS reports. Figures are preliminary and may be different from audited IFRS figures.

6. Proud of awards and recognition • Best bank in the “Customer Impressions of Retail Banking in Russia” 2007 • Best Bank in Russia, 2008, 2007 • Best Local Bank Trading Rouble, 2006 • Best bank in the “Customer Impressions of Retail Banking in Russia” 2008 • Best bank in Russia by quality of retail client services • Best Internet Bank in Russia 2008 • Best Domestic Bank 2008 • Best Equity Research Bank 2008 • “Best Operational Risk Framework in Emerging Markets”, 2005, 2004 • Super Brand Award 2008, 2007, 2006 • One of the most transparent banks according to the “Transparency and Disclosure by Russian Banks” research • European Co-Brand Programme Award for Alfa-Bank - Aeroflot MasterCard Card Russia 1

7. Czech presidency priorities • Economy • Energy • Europe in the world • It is my hypothesis that the fundamental source of conflict in this new world will not be primarily ideological or primarily economic. The great divisions among humankind and the dominating source of conflict will be cultural. Nation-states will remain the most powerful actors in world affairs, but the principal conflicts of global politics will occur between nations and groups of different civilizations. The clash of civilizations will dominate global politics. The fault lines between civilizations will be the battle lines of the future. • Samuel P. Huntington

8. Key lessons about international relations • Respect to cultural difference is key… • We are not abandoning our convictions, our philosophy or traditions, nor do we urge anyone to abandon theirs. - Mikhail Gorbachev • Trust is essential, it takes time to build it • And the big question for the West, of course, and to the Europeans is, what other countries, which were formerly part of the Soviet bloc, should be incorporated into western institutions? Samuel P. Huntington

9. Key lessons about international relations • Large country is difficult to push, has its own way • If I just produce the transparent ideal accepted by the Western experts, a process of privatization which will be very good but never happen, that means nothing. Anatoly Chubais • Russia needs strong central power • We don't need a weakened government but a strong government that would take responsibility for the rights of the individual and care for the society as a whole.Vladimir Putin

10. Key lessons about international relations • Russia understands that Global interdependence is reality today - opportunity