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Fitch Withdraws Bank Khreschatyk's Covered Bonds Ratings

January 30, 2009 "Fitch Ratings"

Fitch Ratings-London/Frankfurt-29 January 2009: Fitch Ratings has today withdrawn the ratings of Bank Khreschatyk's (Khreschatyk) UAH70m covered bonds. At the time of the withdrawal the ratings were 'B' on an international scale and 'A(ukr)' on a national scale.

The withdrawal of the ratings follows the cancellation of the covered bonds, which was approved on 21 January 2009 by the Ukrainian State Securities and Stock Market Commission (SCSSM).

Company — Khreschatyk Bank