Members of the Board of Directors		Position		Appointment Date*
Sergey M. Ignatiev		Chairman of the Bank of Russia		June 24, 2009
Alexey V. Ulyukaev		First Deputy Chairman of the Bank of Russia		April 25, 2008
Georgy I. Luntovskiy		First Deputy Chairman of the Bank of Russia		June 1, 2011
Vladislav K. Kontorovich		First Deputy Chairman of the Bank of Russia		October 5, 2011
Alexey Yu. Simanovsky		First Deputy Chairman of the Bank of Russia		April 6, 2011
Mikhail I. Sukhov		Deputy Chairman of the Bank of Russia		April 6, 2011
Sergey A. Shvetsov		Deputy Chairman of the Bank of Russia		February 11, 2009
Lyudmila I. Gudenko (Mrs)		Chief Accountant - Director of the Accounting and Reporting Department		December 7, 2010
Nadezhda Yu. Ivanova (Mrs)		Director, General Economic Department, Bank of Russia		May 5, 2010
Nadezhda A. Savinskaya (Mrs)		Head of the Central Bank St.Petersburg Branch		December 7, 2010
Konstantin B. Shor		Head of the Central Bank Moscow Branch		December 7, 2010
* The term of office of the members of the Board of Directors is four years.