RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of January 2, 2001 No. 5005

About transformation of the National commercial bank of Turkmenistan Turkmenistan

For the purpose of depositor protection and creditors, and also I decide ensuring economic banking system stability of Turkmenistan:

1. Transform the National commercial bank of Turkmenistan Turkmenistan, having changed its form of business on state and from now on to consider it the National commercial bank of Turkmenistan Turkmenistan with the state pattern of ownership.

2. Determine that the National commercial bank of Turkmenistan Turkmenistan is legal successor of all rights, obligations and obligations of the transformed bank.

3. To Central Bank of Turkmenistan together with the National commercial bank of Turkmenistan Turkmenistan to develop the mechanism on settlement of financial relations with members of the transformed bank.

4. Approve the Charter of the National commercial bank of Turkmenistan Turkmenistan (is applied).

5. To Central Bank of Turkmenistan to register the Charter of the National commercial bank of Turkmenistan Turkmenistan.

6. Declare invalid paragraph two of Item 1 of the resolution of the President of Turkmenistan of January 29, 1999 No. 4054 "About approval of Charters of the National commercial banks of Turkmenistan".

7. To impose control over the implementation of this resolution on the Vice-chairman of the Cabinet of Ministers of Turkmenistan the t. Kandymova S.

Approved by the resolution of the President of Turkmenistan of January 2, 2001, No. 5005

Charter of the National commercial bank of Turkmenistan TURKMENISTAN

GENERAL PROVISIONS

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