Credit ratings

Long Term Credit Ratings

Agency	Foreign Currency	Domestic Currency	Assigned/Confirmed	Outlook
Fitch Ratings	ВВВ	ВВВ	Assigned 17.12.2008 Confirmed 18.01.2012	Stable
Standard&Poor's	BBB	BBB+	Assigned 05.05.2011 Confirmed 09.12.2011	Stable

OJSC "VEB-leasing" Rankings

Ranking Name	Rank of OJSC "VEB-leasing"	Information on Ranking
RA Expert	YE2011 1 by new business volume 2 by net lease portfolio	The first independent Russian rating agency that started to make rankings of largest Russian leasing companies. Leasing companies are ranked by new business volume.
XIV annual project "Leasing in Russia - 2011"	YE2011 1 by new business volume 2 by net lease portfolio 1 in air transportation and mining equipment 2 in railway and water transportation, and vehicles	Annual project under the guidance of professor of HSE Victor Gazman. In the project "Leasing in Russia - 2010" 95 companies from 26 Russian cities were surveyed, which accounts for about 87% of the Russian leasing market.
RA Expert	9 months 2011 1 by new business volume 1 by net lease portfolio	The first independent Russian rating agency that started to make rankings of largest Russian leasing companies. Leasing companies are ranked by new business volume.
RA Expert	1H2011 1 by new business volume 3 by net lease portfolio	The first independent Russian rating agency that started to make rankings of largest Russian leasing companies. Leasing companies are ranked by new business volume.
LEASEUROPE	YE2010 1 by new business volume among Russian leasing companies 17 by new business volume among European leasing companies 7 by new business volume in industrial equipment among European leasing companies	European federation for national leasing companies associations LEASEUROPE is the voice of leasing and automotive rental in Europe. In the tenth annual ranking of top European leasing companies 45 national associations from 25 countries were surveyed, which accounts for approximately 93% of the entire Europen leasing market in 2010.
RA Expert	YE2010 1 by new business volume 3 by net lease portfolio	The first independent Russian rating agency that started to make rankings of largest Russian leasing companies. Leasing companies are ranked by new business volume.
XIII annual project "Leasing in Russia - 2010"	YE2010 1 by new business volume 3 by net lease portfolio 1 in air and water transportation 2 in railway transportation and mining equipment 3 in power equipment	Annual project under the guidance of professor of HSE Victor Gazman. In the project "Leasing in Russia - 2010" 83 companies from 22 Russian cities were surveyed, which accounts for about 83% of the Russian leasing market.
RA Expert	1H2010 2 by new business volume 3 by net lease portfolio	The first independent Russian rating agency that started to make rankings of largest Russian leasing companies. Leasing companies are ranked by new business volume.
LEASEUROPE	YE2009 1 by new business volume among Russian leasing companies 34 by new business volume among European companies 18 by new business volume in industrial equipment among European companies	European federation for national leasing companies associations LEASEUROPE is the voice of leasing and automotive rental in Europe. In the ninth annual ranking of top European leasing companies 45 national associations from 25 countries were surveyed, which accounts for approximately 93% of the entire Europen leasing market in 2010.
RA Expert	YE2009 1 by new business volume 3 by net lease portfolio	The first independent Russian rating agency that started to make rankings of largest Russian leasing companies. Leasing companies are ranked by new business volume.
XII annual project "Leasing in Russia - 2009"	YE2009 1 by new business volume 3 by net lease portfolio	Annual project under the guidance of professor of HSE Victor Gazman. In the project "Leasing in Russia - 2009" 94 companies from 27 Russian cities were surveyed, which accounts for about 79% of the Russian leasing market.