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Credit rating history for issuer National Bank Trust

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	20.05.2011	Withdrawn
		27.11.2008	B2	Stable
		23.09.2008	B1	Stable
		04.05.2007	B1	Positive
		23.07.2004	B1	Stable
	Int. Scale (loc. curr.)	20.05.2011	Withdrawn
	Int. Scale (loc. curr.)	27.11.2008	B2	Stable
Fitch Ratings	Int. Scale (foreign curr.)	21.07.2010	Withdrawn
		13.07.2010	CCC
		23.11.2009	B-	Negative
Moody's Interfax Rating Agency	National Scale (Russia)	20.05.2011	Withdrawn
Moody's Interfax Rating Agency	National Scale (Russia)	01.11.2010	Ba3.ru
Rating Agency Expert RA	National Scale (Russia)	16.03.2011	A
RA Rus-Rating	International scale	18.06.2010	BB	Stable
RA Rus-Rating	National scale (Russia)	03.02.2012	BBB

Credit rating history for bond issue National Bank Trust, 2009 (LPN)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	04.05.2007	B1	Positive

Credit rating history for bond issue National Bank Trust, 2010 (LPN)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Fitch Ratings	Int. Scale (foreign curr.)	25.05.2007	B-