General Meeting of Shareholders of OJSC “Kreditprombank” was held on March 27. The results of the fourth share issue were approved on the Meeting. In the course of subscription 20 million shares with the nominal value of UAH 200 million were placed in documentary form, that is 100% more than the planned volume of issue. The shares were placed with the nominal value of UAH 10.

Both current shareholders and new investors participated in the subscription for shares. 95,8 % of shares were acquired by the residents of Ireland, Greece and Cyprus Republic. 30,01 % of new share issue value and additionally were paid in the authorized capital of the bank, over UAH 2,54 million and USD 11,38 million, as at the date of the Meetings of the current shareholders and new investors, participated in subscription.

After registration of the additional share issue the authorized capital of OJSC “Kreditprombank” will amount to UAH 449 million.
The General Meetings of Shareholders entrusted the Board of the bank to make the necessary actions for registration and issue of shares in order, stipulated by the current legislation of Ukraine.

As at March 27, 2006, the authorized capital of the bank is distributed as follows: Company “Homertron Trading Limited” (Ireland) - 49,98%, Open Joint Stock Company “Coal Company “Mine “Krasnoarmeyskaya-Zapadnaya №1” (Ukraine) - 9,16%, Konstantinos Papounidis (citizen of Greece, the Chairman of the Supervisory Board of OJSC “Kreditprombank”) – 8,44%, Limited Liability Company “САВІ” (Ukraine) - 6,63%, ENERGON CAPITAL FINANCE (Greece) -5,67%, Open Joint Stock Company “Yasinovsky Coke and Chemical Plant” (Ukraine) - 5,42%, Closed Joint Stock Company “Donetskstal” – Metallurgical Plant” (Ukraine) - 4,22%, other companies - 10,48%.