Alfa-Bank Ukraine’s statement regarding the information provided by the Prosecutor General’s Office of Ukraine

Information provided by the Prosecutor General of Ukraine.

Alfa-Bank Ukraine confirms that the securities accounts held by the holding company ABHU that owns 42.4% of Alfa-Bank Ukraine’s stock have been seized and frozen due to the restrictions imposed by the Ukraine’s National Commission on Securities and Stock Market. Moreover, Alfa-Bank Ukraine executed the decision on seizure of the bank accounts last Friday pursuant to the court order.

The seizure of bank accounts does not have any adverse implications for the Alfa-Bank Ukraine’s day-to-day operations and servicing the customers. Once more time, we’d like to accentuate that the money wasn’t withdrawn, it was deposited in the holding companies’ accounts opened with Alfa-Bank Ukraine. According to the information available to the Bank, two clients entered into the aforesaid agreement in compliance with the legislative requirements of Ukraine. The subject matter of the agreement was participatory interests in the company with assets worth over $ 10 mln. The Bank discloses all information regarding the agreements between the clients to the authorized bodies in the prescribed manner upon request.

Mikhail Friedman has never been involved in the management of the Bank; each company has its own management to run the business. The Bank, as before, is managed by the Management Board and the Supervisory Board. The shareholders do not participate in the management of the Bank and its affiliates. On April 2022, the NBU transferred the voting rights in respect of shares held by the shareholders to Simeon Djankov - former Minister of Finance and Deputy Prime Minister of Bulgaria, and currently the Head of the Financial Markets Group at the London School of Economics.

The Bank is operating as normal within the legislative framework in accordance with the NBU’s requirements. On its part, the Bank provides all information requested by the law enforcement agencies.

Before that, Mikhail Fridman openly opposed the war and denied allegations regarding siphoning off the funds.