AK BARS Bank: key investment highlights January, 2016

Key Strengths REPUBLIC OF TATARSTAN – ONE OF THE MOST ECONOMICALLY DEVELOPED REGIONS IN RUSSIA Leading industries include oil refinery and production, chemicals and petrochemicals, machinery construction, agriculture Gross regional product (GRP) growth rate of 1.3% in 2014 vs. 0.6% GDP growth in Russia as a whole according to Rosstat (forecasted GRP for 2015 is -0,3% vs. -3,3% GDP of Russia) DOMINANT MARKET POSITION IN THE REPUBLIC OF TATARSTAN The leading Bank in the Republic of Tatarstan, representing 37.88% of the total assets and 41.67% of the total capital in the banking sector of the Republic (1) Top-20 bank in Russia: 19th by assets and 15th by equity (2) STRONG RELATIONSHIP WITH THE GOVERNMENT OF TATARSTAN The Tatarstan Republic, through ministries, government agencies and related companies ultimately controls the Bank Authorised agent of the government of the Republic of Tatarstan for servicing the budgetary accounts and implementation of the social policy of the Republic EXTENSIVE BRANCH NETWORK IN TATARSTAN AND ACROSS RUSSIA The Bank has a broad geographic footprint in 30 regions in Russia AK BARS Bank has the 9th largest distribution network in Russia with 32 branches and 308 other offices (3) ATTRACTIVE PROSPECTS FOR THE RUSSIAN BANKING MARKET The banking market remains underpenetrated as compared to Central and Eastern European countries (1) National Bank of Tatarstan, as of 1 January, 2015 (2) Profile magazine, as of 1 November, 2015 (3) Comparison composed by AK BARS Bank, as of 1 January, 2016, excluding Sberbank network

Agriculture and food processing 6% AK BARS Bank at a Glance AK BARS BANK PLAYS AN IMPORTANT ROLE IN THE IMPLEMENTATION OF TATARSTAN’S REGIONAL POLICY CORPORATE VS. RETAIL LOANS (%) Economic Importance AK BARS Bank services the largest companies in Tatarstan (Tatneft, Svyazinvestneftekhim, Nizhnekamskneftekhim) The Bank cooperates closely with the local business community, providing quality service and support Financial Importance Continuous increase in a number of clients indicates a growth of confidence in the Bank. Clients from Tatarstan account for 77% of the Bank’s customer accounts LOAN PORTFOLIO BREAKDOWN (GROSS), 1H 2015 GROSS LOAN PORTFOLIO, 1H 2015 AK BARS Bank loan portfolio is diversified across the key sectors of Tatarstan’s economy TOP 48 borrowers account for 49% of the total loan portfolio Agriculture and food processing 6% Other 12% Retail 23% USD 4,999m (4) Finance 27% Manufacturing 8% Corporate 77% Construction 9% Individuals 23% Trade 15% №1 №15 $ Bank in Tatarstan by assets (1) Bank in Russia by equity (2) Internet banking №9 №19 Bank in Russia by assets (2) Mobile banking In Russia by regional network (3) (1) According to National Bank of Tatarstan, as of 1 July, 2015 (2) According to Profile magazine as of 1 November, 2015 (3) Comparison composed by AK BARS Bank as of 1 January, 2016, excluding Sberbank network (4) Converted at FX RUB/USD rate of 55.5240 * As of 01.01.2016 according to RAS

AK BARS Bank at Glance AK BARS BANK PLAYS AN IMPORTANT ROLE IN THE IMPLEMENTATION OF TATARSTAN’S REGIONAL POLICY SUCCESSFUL TRACK RECORD 2011 2012 2013 2014 2015 Branches and other offices 362 387 399 381 340 Corporate clients 49,053 51,074 53,343 62,131 67,360 Retail clients, mln 2.2 2.5 2.9 3.0 3.1 Key Ratios, % 6m 2015 Net loans / deposits 107.6 116.5 110.1 128.6 100.8 Provisions / gross loans 9.4 9.3 8.6 6.4 8.9 Overdue loans / gross loans 5.3 7.2 6.9 5.5 Equity / assets 9.0 7.0 6.1 Tier 1 capital ratio (3) 9.1 9.7 7.5 5.7(2) Total capital ratio (3) 11.8 13.6 14.5 11.2 14.8(2) Reputational Importance Authorised agent of the government of the Republic of Tatarstan for servicing the budgetary accounts and implementation of the social policy of the Republic Business profile Top-20 largest financial institution in Russia Universal bank with one of the largest distribution networks Ultimately controlled by the Republic of Tatarstan AK BARS BANK’S POSITION IN TATARSTAN Source: Audited IFRS accounts. (1) USD amounts converted from RUB at Central Bank of Russia FX as of 30th June 2015 (2) IFRS, Basel lII Market share (%) NOTABLE PROJECTS OF AK BARS BANK National Partner of 16th FINA World Championship 2015 in Kazan Special economic zone Alabuga Partner AK BARS Bank is the largest bank in Tatarstan by assets, loan portfolio and equity The Bank has the leading role among the region’s banks Special Economic Zone «Innopolis» Strategic Partner Universiade 2013

AK BARS Bank Correspondent Relations AK BARS Bank has an extensive network of correspondents all over the world, enabling it to execute clearing, banknote, and documentary business transactions, as well as other banking operations, efficiently and professionally. Correspondent bank Currency USA JPMorgan Chase Bank NA USD Deutsche Bank Trust Company Americas Germany Commerzbank AG EUR/GBP Deutsche Bank AG EUR France VTB Bank (France) S.A. Sweden SEB (Skandinaviska Enskilda Banken AB (Publ)) SEK Hungary OTP Bank Plc HUF Correspondent bank Currency Japan The Bank of Tokyo-Mitsubishi UFJ Ltd. JPY Switzerland UBS AG CHF Finland Nordea Bank Finland plc EUR Turkey Turkiye Is Bankasi A.S. TRY China Agricultural Bank of China Limited, Shanghai Branch CNY Agricultural Bank of China Limited, Xinjiang Branch USD Republic of Belarus "Belinvestbank" JSC RUB

Key Milestones The Bank is established by the Government of Tatarstan Fitch Ratings assigns international ratings, including a long-term rating В- The Bank raises its first international syndicated loan Moody’s Investors Service assigns international ratings to AK BARS Bank, including a long-term Ва3 The Bank issues its first Eurobond and raises another international syndicated loan Fitch Ratings upgrades rating to BB- (Stable) Moody’s upgrades rating to Ba2 (Stable) The Bank issues a Eurobond in the amount of USD 250mln The Bank raises international syndicated loans The Bank is ranked 16th largest Russian mortgage bank The Bank pays back a syndicate loan in the amount of USD 200mln Share capital increase of USD 300m to USD 932mln In December the Bank issues a Eurobond in the amount of USD 280mln The Bank successfully closes the first syndicated Murabaha financing contract in the CIS in the amount of USD 60mln AK BARS Bank acquires status of General Partner of Universiade 2013 in Kazan AK BARS Bank issues bonds in total amount of RUB 10bn Becomes Strategic Partner of SEZ «Innopolis» The Bank closes second syndicated Murabaha deal in an amount of USD 100mln The Bank receives the status of a Participating Financial Institution in accordance with the FATCA The Bank closes its debut RUB 2.5bn mortgage portfolio securitization deal The Bank issues RUB 5 bn.bonds 1993 1994 2002 2003 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Cabinet of Ministers of Tatarstan singles out the Bank as the authorised bank of the Government Branches open outside Tatarstan The Bank issues rouble bonds and raises two international syndicated loans Share capital increases to USD 886mln Fitch Ratings upgrade rating to BB (Stable) The Bank raises international syndicated loan Repays syndicated loans in the amount of USD 285mln The Bank redeems a Eurobond issue in the amount of USD 176mln Resumes loan disbursement under government program of concessional auto lending The Bank is ranked 18th by assets and 18th by capital in Russia The Bank issues the largest ever subordinated Eurobond in its history in the amount of USD 600mln 2015: AK BARS Bank closes US$350 mln. eurobond deal The Bank becomes the National Partner and the Official Bank of 16th FINA World Championships AK BARS Bank issues additional shares in the amount of RUB 9.8 bln. funded by the Government of the Republic of Tatarstan The Bank closes its RUB 11.2 bn mortgage portfolio securitization deal

AK BARS Bank’s Key Operating Region is Tatarstan TATARSTAN PROFILE International ratings: Ba2/BBB- Population: 3.8 mln (as of 1 January 2015) Territory: 67,836 sq. km Gross regional product (GRP) growth rate of 1.3% in 2014 (RUB 1,600 bln) vs. 0.6% (GDP) in Russia as a whole. One of the most economically developed regions of the Russian Federation, with vast crude oil reserves (Tatarstan produces 33.8 million tones of crude oil per year and has estimated oil reserves of more than 1 billion tons) Leading industries include: oil refinery and production, chemicals and petrochemicals, machinery construction, agriculture Among the Top 10 leading Russian constituents by macroeconomic indicators (on per capita basis): commission of housing, retail trade turnover, manufacturing agricultural produce, amount of capital investments, volume of industrial output according to Rosstat No. 1 in the ranking of regions on the evaluation of the performance of executive authorities of constituents of the Russian Federation (the Government of the Russian Federation, May 2015) No. 1 within the rating of Russian Innovative Regions (Association of Innovative Regions of Russia together with the Russian Presidential Academy of National Economy and Public Administration, July 2015) Russian Federation Republic of Tatarstan Source: Ministry of Economy of the Republic of Tatarstan

Adequate Capitalisation Levels CBR BASEL III CAPITAL (RAS) BASEL l CAPITAL (IFRS) Tier 1 (RUB BN) 34.0 33.5 34.4 31.9 34,9 Total (RUB BN) 50.8 50.2 47.7 55.5 58,6 Total (RUB BN) 46.2 45.4 58.7* 14,5% 14,8% 13,6% 11,8% 11,2% 2,9% 5,0% Tier 2 Total CAR * In the first half of 2015 Bank calculated the capital adequacy in accordance with the requirements of the Basel Committee on Banking Supervision - Basel III AK BARS Bank received RUB 12.1bn from Deposit Insurance Agency as a Tier-2 capital under government support program in June 2015 August 28, 2015 - Bank placed additional issue of ordinary shares in the amount of RUB 9.8bn ** As of 01.01.2016 without post balance sheet events

Financial Highlights Balance sheet, RUB BN 2011 2012 2013 2014 6 months 2015 CAGR 2011-6m2015 Cash and equivalents 18.9 36.0 39.4 41.4 31.1 15.2% Securities portfolio (including direct repo) 47.3 30.1 53.3 68.7 110.4 27.4% Due from other banks 3.4 3.9 0.9 3.6 2.2 (11.9%) Gross loans 194.2 225.1 244.7 293.8 277.5 10.7% Provisions 18.3 20.9 21.0 24.7 9.0% Net loans 176.0 204.2 223.8 274.9 252.9 10.9% Investment properties 25.7 26.5 11.9 10.0 11.2 (21.1%) Other assets 15.6 16.8 17.9 34.6 29.2 19.6% Total assets 286.9 317.4 347.1 433.3 437.0 12.8% Due to other banks 40.4 37.5 27.6 48.7 37.7 (2.0%) Customer accounts 163.5 175.3 203.2 213.8 251.0 13.0% Murabaha facility and Eurobonds 10.5 15.3 16.5 28.1 23.1 25.4% Securities issued 37.1 40.0 47.4 72.6 60.4 15.0% Subordinated debt 6.7 18.8 20.3 34.9 34.4 59.4% Other liabilities 1.9 1.3 5.0 3.8 21.1% Total liabilities 260.1 289.0 316.3 403.0 410.3 13.9% Equity 26.8 28.4 30.8 30.3 26.7 (0.1%) Total liabilities and equity Key Ratios, % Net loans / deposits 107.6 116.5 110.1 128.6 100.8 Provisions / gross loans 9.4 9.3 8.6 6.4 8.9 Overdue / gross loans 5.3 7.2 6.9 5.5 Equity / assets 9.0 7.0 6.1 Tier 1 capital ratio 9.1 9.7 7.5 5.7 Total capital ratio 11.8 13.6 14.5 14.8 Source: IFRS accounts

Financial Highlights (cont’d) Profit and Loss Statement, RUB mln 6m.2011 6m.2012 6m.2013 6m.2014 6m.2015 Net interest income 1 924 3 450 3 507 4 102 (1 819) Net fee and commission income 517 672 667 718 860 Other income 1 377 1 630 2 871 1 465 5 036 Operating profit 3 818 5 752 7 045 6 285 4 077 Operating expenses (2 906) (3 409) (4 021) (3 924) (3 595) Total profit before provisions and taxes 912 2 343 3 024 2 361 482 Provision for loan impairment (544) (1 206) (1 008) (2 274) (5 921) Profit before tax 368 1 137 2 016 87 (5 439) Income tax (52) (214) (331) (14) 881 Net profit 316 922 1 686 74 (4 558) Key ratios, % 6m2011 Net interest margin 2.2 3.2 2.8 2.9 (1.1) Operating expenses / assets 1.1 1.2 0.8 RoAA 0.0 0.2 1.0 (2.1) Source: IFRS accounts

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