AK&M Rating Agency has withdrawn the credit rating of Commercial Bank BFG-Credit (LLC) (license no. 3068) following the revocation of the Bank's license for banking operations (Order of the Bank of Russia no. OD-2389 dated 07/27/2016).

On May 12, 2016, AK&M Rating Agency lowered the Bank's rating to 'C+' (a low degree of creditworthiness), with a negative outlook.

For estimation purposes, we completely rely on the reliability of information provided by the Bank. 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 opinion on the Bank's creditworthiness and shall not be construed as a recommendation to purchase or sell securities, or to lend funds. 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

Ul. Gubkina 3, Moscow, Russia

www.akmrating.ru

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