Moody’s Assigns Counterparty Risk Assessment to LOCKO-Bank “B1”

Moody's Investors Service assigned Counterparty Risks Assessments (CRA) to 17 Russian banks on 19 June 2015 in line with the new methodology.

Moody’s assigned Long-term Counterparty Risks Assessment “B1”(cr) and Short-term Counterparty Risks Assessment “Not-Prime” (cr) to LOCKO-Bank.

CR Assessments are opinions of how counterparty obligations are likely to be treated if a bank fails. The CR Assessment is an opinion of the counterparty risk related to a bank's covered bonds, contractual performance obligations (servicing), derivatives (e.g., swaps), letters of credit, guarantees and liquidity facilities.

Moody's Ratings for LOCKO-Bank:

• Outlook Stable
• Bank Deposits B2/NP
• NSR Bank Deposits -Dom Curr A3.ru/--
• Baseline Credit Assessment b2
• Adjusted Baseline Credit Assessment b2
• Senior Unsecured -Dom Curr B2