Investor Presentaiton

SBERBANK 170 YEARS. BY YOUR SIDE ANNUAL REPORT 2011 CONTRIBUTING TO THE ECONOMIC DEVELOPMENT OF THE COUNTRY 138 Λ corporate social responsibility >>> We realise that by supporting economic activity on a regional level, we make our contribution to economic growth and the development of infrastructure, boosting household incomes and ultimately improv- ing the attractiveness of Russia as an investment destination. This is what drives our involvement in initiatives that aim to improve institutional foundations, the legal framework and economic condi- tions for business. We also contribute to the implementation of federal projects that aim to build strong social and economic ties within the Russian Federation. Helping Develop Strategy 2020 Sberbank is actively involved in and contributes to discussions around the draft of Strategy 2020. Herman Gref, Sberbank CEO and Chairman of the Management Board, is co-chair of an expert group responsible for drafting the Development of the Financial and Banking Industry section of the Strategy for the Socio-Economic Development of Russia through 2020 (Strategy 2020). A meeting of the expert group was held at Sberbank in April 2011. Participants dis- cussed the current state of the banking industry and opportunities and priorities for reform. The discussion identified the key issues and challenges faced by the financial industry and resulted in an analysis of possible sector development scenarios through 2020. The discussion also led to the development of measures and recommendations to support a sustainable growth scenario. One of the measures suggested is to improve financial literacy in Russia through a dedicated government programme. -Federal Law dated 8 November 2011 No. 308-FZ On Amending the Federal Law On Combating the Legalisation (Laundering) of Proceeds of Crime and the Financing of Terrorism; -The Administrative Offences Code of the Russian Federation; ― Federal Law dated 25 July 2011 No. 261-FZ On Amending the Fed- eral Law On Personal Data; ―Federal Law dated 6 December 2011 No. 405-FZ On Amending Certain Legal Acts of the Russian Federation with regard to the Enhancement of the Procedure of Foreclosure on Collateral. Moreover, Sberbank developed draft Federal Law No. 492506-5 FZ On Repealing Article 15.2 of the Administrative Offences Code of the Russian Federation. The draft law envisages a reduction in the administrative burden on financial institutions associated with the discharge of public functions to oversee customer compliance with cash handling procedures. The draft was supported by members of 139 the State Duma and the Russian Government, and was officially in- troduced into the State Duma of the Federal Assembly of the Russian Federation. In March 2012, the draft was adopted by the State Duma and approved by the Federation Council. A major result from this initiative of significance to all financial institutions in Russia was the issuing of Instruction No. 2750-U by the Bank of Russia. Effective from 1 January 2012, the document repeals the requirement for banks to oversee customer compliance with established cash transaction and handling procedures. corporate social responsibility IMPROVING THE LEGAL FRAMEWORK One of the Bank's core competencies is having a good understanding of different segments of the financial services market and the specif- ics of servicing various corporate and retail customers. We can draw on our expertise in this field to contribute to discussions of draft laws and regulations relating to all aspects of financial services. We can also help develop a legal framework that balances the interests of the Bank and its customers with those of industry regulators. Examples of this in 2011 include the preparation by Sberbank of substantial proposals on how to improve draft federal laws, which ultimately made their way into the final versions of the respective legal acts, including, amongst others: - Federal Law dated 27 June 2011 No. 161-FZ On the National Pay- ment System and the Federal Law dated 27 June 2011 No. 162- FZ On Amending Certain Legal Acts of the Russian Federation in Connection with the Adoption of the Federal Law On the National Payment System; CONTRIBUTING TO HOUSING AND UTILITY SECTOR REFORM We also participate in projects aimed at reforming and modernising the housing and utility sector. Housing and utility sector reform is a matter of interest for a significant part of the Russian population. It also bears considerable significance to the country's socio-economic development. In 2011, the Bank approved a Concept for the Involve- ment of OJSC Sberbank of Russia in a Project to Modernise and Reform the Housing and Utility Sector. The Concept defines investment priori- ties for the Bank in this sector for the period 2011-2020. One of the first steps in implementing the Concept was to sign Coop- eration Agreements with the Housing and Utility Sector Reform Foun- dation a state corporation- and the governments of the Republic of Bashkortostan, the Krasnoyarsk Territory and the Murmansk and Yaroslavl Regions on the creation of regional systems to carry out major repairs on apartment buildings. The agreements provide for cooperation with the Bank to finance projects aimed at reforming the sector, reducing the number of apartment buildings requiring major 170 YEARS. 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