In connection with reports on the detention of the Chairman of the Management Board of JSC “Ukreximbank,” Olexandr Hrytsenko, the Bank states that the Supervisory Board and the Management Board of the Bank will continue the effective operation of the Bank and assure the Bank’s customers and partners that the Bank’s activities will remain uninterrupted. JSC “Ukreximbank” complies with all regulatory and internal procedural requirements in conducting its activities.

JSC “Ukreximbank” will cooperate with the Ukrainian authorities and will provide all necessary information that is required to carry out an objective investigation into the circumstances of the case.

Acting Chairman of the Supervisory Board, Steven Fisher, commented:

“The Bank places great value on its standing as a reputable and transparent bank and will act according to the best practices of corporate governance. The Supervisory Board jointly with the Management Board will ensure the continuing operation of the Bank.”