VUB General Meeting approved profit distribution and dividend payout

Bratislava, April 7, 2010 – VUB Ordinary General Meeting today made a decision to pay out a dividend to shareholders of EUR 4.50 per each share with a nominal value of EUR 33.20. The decisive day for determination of persons eligible to the dividends was set by the General Meeting for May 7, 2010. The eligible shareholders will be able to exercise their right to dividend payout from June 4, 2010.

The General Meeting (GM) approved the 2009 VUB, a. s. Annual Report, Financial Statements prepared in accordance with International Financial Reporting Standards, Consolidated Financial Statements prepared in accordance with International Financial Reporting Standards for the previous year and the amendments to the Articles of Association of VUB as submitted by the Management Board of the Bank. The GM chose Dr. György Surányi for the Chairman and Member of the VUB Supervisory Board. For the Vice-Chairman and Member of the VUB Supervisory Board was elected Fabrizio Centrone; he will also serve as a Member of the Committee for Audit. As the other members of the VUB Supervisory Board were appointed Adriano Arietti, Antonio Furesi and Massimo Malagoli. Walter Chiaradonna a Vasco Tomaselli were appointed as Members of the Committee for Audit. The external auditor of VUB for the year 2010 will be the company Ernst & Young Slovakia, spol. s r.o.

The GM also decided on distributing the profit for 2009 in the total amount of EUR 146 240 502.00, of which circa 60 % allocated to the contribution to retained earnings and circa 40 % to the shareholders as proposed by the Management Board of the Bank.

For more information about the General Meeting please also see www.vub.sk in section Investor Relations.