Andrey Kostin

Independent non-executive director

Born in 1956. Graduated from Lomonosov Moscow State University with honors (Economics) in 1978. Doctoral Candidate in Economics.

From 1993 to 1995 – Deputy Head of the Foreign Investments Department of Imperial Bank.

In 1995 – First Deputy Chairman of National Reserve Bank (NRB).

From 1996 to 2002 – Chairman of Vnesheconombank.

From 2002 – President and Chairman of the Management Board of VTB Bank.

Member of the Board of Directors of Rosneft from 2006. In June 2009, elected Deputy Chairman of the Board of Directors.

Andrey Kostin is also member of the Supervisory Board of OJSC Bank VTB, Chairman of the Supervisory Board of VTB 24 CJSC, OJSC Bank VTB Severo-Zapad, OJSC VTB Bank and CJSC VTB-Capital, Chairman of the Advisory Committee of VTB Capital plc., member of the Board of Directors of OJSC Sovkomflot, OJSC OAK, OJSC RZhD, Chairman of the Board of Directors of Holding VTB Capital I B Ltd., President of All-Russian Association of ‘Federation of the Olympic Gymnastics of Russia’, member of the Board of the Union of Machinery Manufacturers of Russia, member of the Administrative Office of the Union of Industrialists and Entrepreneurs of Russia, member of the Board of the Association of Russian Banks.