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Moody's Investors Service

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Credit rating history for issuer Sberbank of Russia (Ukraine)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	16.12.2011	B3	Negative
		26.10.2011	B3	Stable
		12.10.2010	B3	Stable
		17.06.2005	B2
	Int. Scale (loc. curr.)	26.10.2011	Ba2	Stable
	Int. Scale (loc. curr.)	07.12.2007	Ba2
	National Scale (Ukraine)	07.12.2007	Aa1.ua

Credit rating history for bond issue Sberbank of Russia (Ukraine), 1-D

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (loc. curr.)	15.05.2007	B2	Positive
	National Scale (Ukraine)	15.05.2007	A1.ua	Positive
	Int. Scale (foreign curr)	30.12.2008	Ba2

Credit rating history for bond issue Sberbank of Russia (Ukraine), 1-E

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	14.12.2010	Ba2
	Int. Scale (loc. curr.)	14.12.2010	Ba2
	National Scale (Ukraine)	14.12.2010	Aa1.ua