Baku, 1 September 2017 – OJSC International Bank of Azerbaijan (the “Bank” or “IBA”) is pleased to announce that the initial distribution of Entitlements under its Restructuring Plan occurred earlier today. Accordingly, 1 September 2017 constitutes the Restructuring Date under the terms of the Restructuring Plan

The activity of the International Leasing Company, a subsidiary of the International Bank of Azerbaijan (IBA) is unsatisfactory.

Khalid Ahadov has been appointed the Chairman of the Management Board at the International Bank of Azerbaijan (IBA).