Herman Gref Elected to the Board of Directors of the World Economic Forum

August 24, 2011, Geneva - President and Chairman of the Management Board of
Sberbank of Russia Herman Gref was elected to the Board of Directors of the
World Economic Forum (WEF) for a term of 3 years.

Since 2008, Sberbank of Russia has been a strategic partner of the World
Economic Forum. In 2009, Sberbank's head Herman Gref became a member of WEF
International Business Council.

The World Economic Forum is an independent international organization
committed to improving the state of the world by engaging business,
political, academic and other leaders of society to shape global, regional
and industry agendas. Its annual meeting is known as the World Economic
Forum in Davos, and it brings together the most renowned politicians,
businessmen and public figures from all over the world.


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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia JSC is the largest bank in Russia, Central and Eastern
Europe, and its share includes about 30% of assets of Russian banking
system with about 240 thousand employees. Central Bank of the Russian
Federation is the founder and the major shareholder of Sberbank of Russia
JSC, owning above 60% of voting shares. Other shareholders include about
245 thousand individuals and legal entities. The Bank has the most
developed branch network in Russia: 17 territorial banks, about 20 thousand
branches and internal organization departments, as well as subsidiary banks
in Kazakhstan, Ukraine and Belarus, a branch in India, and a representative
office in Germany and China.