Sberbank — M&A Activity 2012

Sep 28, 2012

Sberbank / Miscellaneous

28.09.2012 16:00

Dissemination of a UK Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------

Sberbank completes the acquisition of DenizBank

28 September 2012, Istanbul - Sberbank of Russia ('Sberbank') today completed the acquisition of 99.85% of DenizBank AS ('DenizBank'). Today's closing follows the announcement on 8 June 2012 that Sberbank entered into a sale and purchase agreement with the shareholders of DenizBank - Dexia NV/SA and Dexia Participation Belgique SA (together, 'Dexia').

The deal represents a major step in the implementation of Sberbank's strategy and allows Sberbank to enter the fast-growing Turkish banking market.

The purchase price is TRY 6,469 million (at the current exchange rate approximately EUR2,790 million). By year-end, Sberbank will pay to Dexia a further sum equivalent to the increase in DenizBank's net asset value in the period from 1 January 2012 to 28 September 2012, subject to post-closing adjustments and limited by a cap of TRY 433 million.

With total assets of TRY 47,906 million, loans (including leasing and factoring receivables) of TRY 34,082 million, customer deposits of TRY 30,001 million and shareholders' equity (excluding minority shares of TRY 14 million) of TRY 5,036 million according to BRSA consolidated financial statements as of 30 June 2012, DenizBank is ranked 6th among private and 9th among all Turkish banks by consolidated total assets. During the first six months of 2012 DenizBank posted net profit of TRY 334 million.

Deutsche Bank, Rothschild and Sberbank CIB (formerly Troika Dialog) acted as financial advisors to Sberbank. Linklaters LLP and Taboglu were Sberbank's legal advisors, while KPMG conducted financial and tax due diligence on behalf of Sberbank. Barclays and J.P. Morgan provided fairness opinions to the Executive Board of Sberbank.

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Sberbank Alexander Baziyan Public Relations Department Tel. +7(495) 957 5721 media@sberbank.ru

Sberbank is the largest bank in Russia that accounts for 28.2% of all Russian banking sector assets and employs nearly 238,000 people as of 30 June 2012. The Central Bank of the Russian Federation (the Bank of Russia) is the founder and major shareholder of Sberbank, owning 50% of the total share capital plus one voting share. Other shares are held by more than 245,000 individual and institutional investors. The Bank has the largest distribution network in Russia with over 19,000 outlets as well as subsidiaries in Kazakhstan, Ukraine, Belarus and Switzerland, a branch in India, representative offices in Germany and China. With the acquisition of Volksbank International in 2012 Sberbank gained presence in nine Central and Eastern European countries. Sberbank also provides investment banking services in Kazakhstan, Ukraine and Belorussia, as well as in Great Britain and the USA, through the recently acquired Troika Dialog group of companies.

The bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru

28.09.2012 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: Company:	English Sberbank 19 Vavilova St. 117997 Moscow Russia
Phone:	+7-495-957-57-21
Fax:
E-mail:	media@sberbank.ru
Internet:	www.sberbank.ru
ISIN:	US80585Y3080, RU0009029540, RU0009029557
Listed:	Open Market (Entry Standard) in Frankfurt; MICEX, RTS
Category Code:	MSC
LSE Ticker:	SBER
Sequence Number:	1213
Time of Receipt:	Sep 28, 2012 15:30:19
End of Announcement	EquityStory.RS, LLC News-Service

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