Feb 16, 2004. /Lesprom Network/. Russian ALB (Aksionerny Lesopromishlenny Bank) announced the placement of 29,173,913 ordinary non-documentary nominal shares for sale. The shares belong to the 5th additional issue and were registered on December, 22 2003 by the Bank of Russia Moscow office. The issue individual state registration number: 10101835B (005D). 29,173,913 shares will be placed for sale. Face value is 10 copeck per share. Total shares value: RUR 2,917,391,3 million. The shares will be placed provided with the primacy rights for the bank shareholders to acquire the shares in the amount proportional to the number of owned shares. The primacy right expired on February, 13 2004. The amount of non-placed ordinary non-documentary nominal shares of the 5th issue is 29,173,913 shares. In accordance with the following announcement shareholders and investors (individuals and organizations) may acquire any amount of non-placed shares by concluding a sale/purchase agreement and providing the following documents to the bank: - payment sheet with a note confirming the payment - legal copies of state registration and constitutive documents (for the first purchase of shares) - the information on the company’s assets prior to the date of stock-capital payment and registered by Russian Tax authority, as well as the information on the assets dated the day of stock-capital payment, guaranteeing the sufficiency of own funds - audit reports on the participant’s accounts (the information on assets is required for organizations and profits/expenses report for the year, prior to stock capital payment) - the calculation of net assets (own funds) and present profitability coefficient The shares shall be placed: two weeks after the announcement is made The placement will expire on December, 22 2004. The shares will be placed by open subscription Other terms and conditions are defined by the Issue decision and Securities prospectus registered by the Bank of Russia Moscow office on December, 22 2003. All persons concerned may view the listed documents and obtain information on the securities at: Petrovsky blvd, 19/2, bldg 1, Moscow, Russia, 127051. The chairman of the board is M. S. Daudov.