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NOMOS increases share capital

22.06.2011

NOMOS BANK (LSE, RTS, MICEX: NMOS), 2nd largest privately owned universal banking group in Russia and the 8th largest banking group in Russia by assets, announced that the Centarl Bank of Russia approved the Prospectus regarding Bank’s capital increase by RUB 5,5 billion, or 5,34%. Additional share issue was the final step in NOMOS BANK’s successful Initial Public Offering («IPO») completed in April 2011.

«Increasing bank’s capital by RUB 5.5 billion gives us new opportunities to implement our growth strategy focused on delivering long-term value for shareholders by leveraging on our competitive advantages and the outlook of Russian banking industry,» said Dmitry Sokolov, the President of NOMOS BANK.

As a result of the additional share issue, the bank placed 5,576,397 common registered bearing voting right shares of a nominal value RUB 50 each, the nominal value of the issue is RUB 278.8 million.

The capital increase has taken place via closed subscription, where the proceeds of RUB 5.5 billion were raised from selling existing shares owned by existing shareholders, with the exception of Lobston Enterprises Limited. NOMOS BANK’s Supervisory Board approved offering price of RUB 986.3 per share for the IPO completed in April 2011.

In April 2011, NOMOS BANK closed successful IPO at LSE, RTS and MICEX. In oversubscribed IPO, shares were priced at $35 corresponding to $17.5 per GDR with two GDRs representing an interest in one ordinary share. The offer price implies a market capitalisation for NOMOS of USD 3.2 billion or approximately RUB 91 billion after the capital increase via closed subscription. Total proceeds from the Offering were USD 782 million. NOMOS BANK shares in free float now account for 24.99 % of authorized capital.

The Nomos Bank Group is currently the 8th largest banking group in Russia by assets and the 2nd largest privately-owned Russian universal banking group. As of March 31, 2011 Nomos Bank total assets were RUB 570.0 billion and equity of RUB 61.3 billion under audited IFRS accounts.As of December 31, 2010 Nomos Bank Group has the 9th largest branch network in Russia with 300 offices in economically important regions of the Russian Federation, with the majority of its business concentrated in Moscow, St Petersburg and the Tyumen (including Khanty-Mansiysk autonomous district), Novosibirsk and Khabarovsk regions. The Nomos Bank Group provides a full range of banking services to corporate, small business and retail clients.