Financial Adviser in $520 Million Tender Offer

November 22, 2012

Cleary Gottlieb represented Citigroup Global Markets Limited as financial adviser to Open Joint-Stock Company “Nomos Bank” in connection with Nomos Bank’s response to the tender offer launched by Otkritie Financial Corporation JSC on November 22, 2012 to acquire GDRs representing up to approximately 20% of the outstanding shares of Nomos Bank for $14.00 per share in cash.

Nomos Bank is the eighth-largest banking group in Russia by total assets and the country’s second largest privately-owned universal bank.