Supervisory Board of Sberbank of Russia holds a meeting

November 14, 2014, Moscow - Sberbank of Russia announces the outcome of the meeting held by its Supervisory Board today.

The Supervisory Board reviewed Sberbank's operations for 9 months of 2014, and listened to information about Sberbank's financial results for 10 months of 2014 and also Sberbank's report on the MIS system. The Supervisory Board reviewed information about the results of checks carried out by the Internal Control Service in the first half of 2014, and approved the Internal Control Service's plan to perform checks in 2015.

In addition the Supervisory Board approved the new version of the Provisions on the Committees of Sberbank's Supervisory Board.

Also, the Supervisory Board approved a non-arm's length transaction involving Sberbank and CJSC PPF Sberbank.

# # #

Sberbank of Russia

Alexander Baziyan

Public Relations

Tel. +7(495) 957 5721

media@sberbank.ru

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.

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