Share capital increase.

The Share capital increase to 480 mln. rubles.

In virtue of the decision about the authorized capital increase, adopted by the extraordinary general meeting of shareholders on the 28th of September 2010, and in accordance with requirements of Federal Law ¹65-F3 dated 22.04.2010 “On introduction of alterations in the Law of Russian Federation “Concerning the Organization of Insurance in the Russian Federation” the authorized capital of OJSC “Russian Reinsurance Company” has been increased at its own expense up to 480 mln. rubles.

On the 18th of March 2011 the Interdistrict Inspectorate of the Federal Tax Service of Russia ¹46 on Moscow, registered the Alterations ¹5 into the Charter, connected with authorized capital increase.