AK&M Rating Agency has withdrawn the credit rating of Bank of Development of Technologies (BRT, license no. 3441) following the revocation of the Bank's license for banking operations (Order of the Bank of Russia no. OD-1663 dated 05/27/2016).

Earlier, on May 18, 2016, we lowered the Bank's credit rating to 'C++', with a negative outlook.

For estimation purposes, we completely rely on the reliability of information provided by the Client. The rationale for AK&M Rating Agency's judgment on the rating may include information acquired from other sources we deem to be reliable; however, the agency does not check the input data exhaustively and disclaims all responsibility for their possible errors.

The rating, along with any information and conclusions provided in this press release, only conveys our reliability opinion and shall not be construed as a recommendation to make any investment decisions. AK&M Rating Agency shall not be held liable for any interpretations, inferences and consequences related to the application of results of the rating estimation procedure by any third parties.

AK&M Rating Agency is a leading independent national rating agency engaged in rating activities since 1993.

AK&M Rating Agency

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www.akmrating.ru

Phone no.: (495) 916-70-30, fax no.: (499) 132-69-18.