In the unaudited consolidated report of AS „PrivatBank” Group  for the year
ended 31 December 2008, the profit was indicated in the amount of 344,000 LVL
(489,000 EUR). After submitting the unaudited report, AS “PrivatBank”
management, based on Latvia's economic situation forecasts, passed a decision
on making additional provisions for doubtful loans, as the result of which AS
“PrivatBank” Group profit is 30,000 LVL (43,000 EUR). 

AS"PrivatBank"
Chairman of the Board 
Oleksandr Trubakov


Dmitry Kochnev
67041435