We calculate the next-to-leading corrections to the branching ratio of
exclusive B→K∗γ decay. The renormalization scale dependence is
reduced compared to the leading logarithmic result but there remains a
dependence on a cutoff parameter of the hadronic model. The calculated
corrections increase the predicted branching ratio by about 10%, but it remains
in agreement with the experimental value.Comment: 16 pages, 8 figure