JSC VTB Bank - VTB introduces an equity-based remuneration prog.

VTB Group introduces an equity-based remuneration program to VTB Capital employees

9 February 2012

VTB Group introduces an equity-based remuneration program to the employees of

VTB Capital, the Group's investment business. The program represents a contingent right of all eligible VTB Capital employees to receive ordinary shares of JSC VTB Bank, in the form of shares or global depositary receipts, after a specified period of time.

The launch of this program allows VTB Capital, a company with significant international presence, to bring its remuneration arrangements in line with requirements of the corresponding British regulator and the recommendations of regulators of Asia, Middle East, Europe (Chicago Options: ^REURUSD - news) , and US, as well as G20.