Investor Presentaiton

SBERBANK 170 YEARS. BY YOUR SIDE ANNUAL REPORT GOVERNANCE STRUCTURE 2011 47 MEMBERS OF THE SUPERVISORY BOARD ELECTED ON 3 JUNE 2011 1 Sergey Ignatiev 2 Georgy Luntovsky 3 Alexei Ulyukaev 4 Nadezhda Ivanova 5 Anna Popova 6 Alexei Savatyugin 7 Valery Tkachenko 8 Sergey Shvetsov Sberbank management 9 Herman Gref 46 10 Bella Zlatkis A management report Independent and external directors 11 Sergei Guriev 12 Mikhail Dmitriev 13 Mikhail Matovnikov 14 Vladimir Mau 15 Rair Simonyan 16 Sergey Sinelnikov-Murylev 17 Alessandro Profumo Chairman of the Bank of Russia First Deputy Chairman of the Bank of Russia First Deputy Chairman of the Bank of Russia Director of the Consolidated Economic Department of the Bank of Russia Deputy Chief of Staff of the Government of the Russian Federation Deputy Minister of Finance of the Russian Federation Chief Auditor of the Bank of Russia Deputy Chairman of the Bank of Russia. CEO, Chairman of the Management Board of Sberbank Deputy Chairman of the Management Board of Sberbank Rector of the New Economic School, a privately funded graduate school President of the Centre for Strategic Research CEO of the Interfax Centre for Economic Analysis Rector of the Russian Presidential Academy of National Economy and Public Administration Chairman of the Board of Directors / Regional Coordinator of Morgan Stanley Bank Russia Rector of the Russian Foreign Trade Academy of the Ministry of Economic Development of the Russian Federation The Supervisory Board was elected by the General Shareholders' Meeting. It consists of 17 members who meet the qualification and reputation requirements defined by federal legislation and the regu- lations of the Bank of Russia. The procedure for electing members of the Supervisory Board is provided in the Charter. The Supervisory Board elected on 3 June 2011 includes members from the Bank of Russia, Russian Government and Sberbank, as well as independent and external directors. For more information on members of the Supervisory Board, please refer to the 2011 Annual Report, prepared according to Russian se- curities legislation and the Bank's website. Supervisory Board Committees The Supervisory Board committees are special-purpose bodies es- tablished to conduct a preliminary review of important matters fall- ing within the responsibility of the Supervisory Board, and to make relevant recommendations. The committees are formed annually from Supervisory Board members, with independent and external directors being included in each committee. The committees facilitate communications with the Bank's governance bodies. The committees' decisions are advisory in nature. The Audit Committee is responsible for the preliminary assessment of candidates for the role of the Bank's auditor, reviewing the auditor's and Statutory Audit Commission's reports, assessing the efficiency of the Bank's internal controls and preliminary review of the Bank's annual financial statements. As of 31 December 2011, the committee was chaired by Vladimir Mau, and the other members were Nadezhda Iva- nova, Valery Tkachenko, Rair Simonyan and Sergey Sinelnikov-Murylev. The Staff and Remuneration Committee aims to attract highly quali- fied experts for management roles within the Bank and to create incentives for them. As of 31 December 2011, the committee was chaired by Georgy Luntovsky, and the other members were Sergey Guriev, Vladimir Mau and Sergey Sinelnikov-Murylev. The Strategic Planning Committee is responsible for the preliminary review of matters pertaining to strategic management of the Bank's operations with a view to improving the Bank's long-term efficiency. As of 31 December 2011, the committee was chaired by Alexei Ulyukaev and the other members were Herman Gref, Mikhail Dmitriev, Anna Popova, Alessandro Profumo, Alexei Savatyugin and Mikhail Matovnikov. Management Board The CEO and Chairman of the Management Board and the collegial executive body- the Management Board - direct the Bank's current operations. The procedure for electing the CEO and Chairman of the Man- agement Board and the Management Board is provided in the Charter. In 2011, the Management Board considered the following matters: the feasibility of entering the investment banking market and acquiring Troika Dialog; the acquisition of a controlling stake in Volksbank International AG; changes in the compensation plan; re-formatting divisions; participating in charity events; a management concept for subsidiaries and associates; a depositary receipt programme; a pro- gramme to improve the efficiency of back office divisions; tapping the international capital markets; and establishing an integrated risk management system in line the principles of the Basel Accord and other matters. As of 31 December 2011, the Board was composed of 13 managers. In the course of 2011, Andrey Golikov and Evgeny Korolev resigned from the Board. Igor Artamonov joined the Board in June 2011. The Bank's Charter contains a list of matters under the authority of the CEO and Chairman of the Management Board and the Manage- ment Board. 170 YEARS. IT'S JUST THE BEGINNING WWW.SBERBANK.RU management report

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