Sberbank announces the change of Depository Bank under depository receipts program

April 26, 2017, Moscow - Sberbank of Russia ('Sberbank') announces that JPMorgan Chase Bank, National Association (the 'New Depositary') will replace The Bank of New York Mellon as depositary bank for its American Depositary Receipt ('ADRs') and Rule 144A Restricted global depositary receipt ('GDRs' and together with the ADRs, the 'DRs') programs (the 'Programs') with effect on April 26, 2017 (the 'Depositary Replacement'). The existing deposit agreements in respect of the Programs will remain in force and will be amended only to the extent necessary to effect the Depositary Replacement (the 'Agreements').

Holders of DRs ('Holders') do not need to take any action in connection with this notice. Sberbank will remain the custodian for the shares underlying the DRs.

Certified or conformed copies of the Agreements shall be available to Holders for inspection by appointment during normal business hours on any business day at the offices of the New Depositary at 4 New York Plaza, Floor 12, New York, NY 10004.

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Sberbank

Alexander Baziyan
Press Office
Tel. +7 (495) 957 5721
media@sberbank.ru

Sberbank 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 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.