JSC “Alnair Capital Holding” completes additional purchase of JSC “Kazkommertsbank” shares

14.01.2010

14 January 2010, Almaty, Kazakhstan. JSC Kazkommertsbank ("Kazkommertsbank" or the “Bank”) announces today that it has been officially notified by JSC Alnair Capital Holding ("Alnair") that Alnair has acquired additional shares in Kazkommertsbank. As a result of the transaction, Alnair has increased its holding of Kazkommertsbank’s common shares to 28.565% and now owns 222,408,342 common shares of the Bank. 

According to Alnair, the earlier agreement between Alnair and Samruk-Kazyna National Wealth Fund, regarding the transfer of 6,448% of the Bank’s common shares to the trust management of Alnair, has been terminated based on the mutual agreement of both parties.

This purchase has not resulted in any changes to the shareholdings of the other major shareholders – Mr. Nurzhan Subkhanberdin, JSC “Central Asian Investment Company” (CAIC), European Bank for Reconstruction and Development (EBRD) and “Samruk-Kazyna” National Wealth Fund.

The detailed information on the shareholding structure of the Bank is available on www.kkb.kz.

About Kazkommertsbank
Kazkommertsbank (KKB) is one of the largest banks in Kazakhstan and Central Asia with total assets of KZT 2,787.1 billion (US$ 18.5 billion equivalent) at 30 September 2009.
In addition to its core banking business (retail and corporate) KKB has subsidiaries active in pension fund management, asset management, insurance and brokerage. KKB also has foreign subsidiaries in the Russian Federation, Kyrgyzstan and Tajikistan.
Major shareholders of Kazkommertsbank include Central Asian Investment Company and Chairman of the Board Mr. Nurzhan Subkhanberdin, Alnair Capital Holding, the Kazakh Government through the Samruk-Kazyna National Welfare Fund and the European Bank for Reconstruction and Development,.
KKB’s predecessor, Medeu Bank, was founded in July 1990, and re-registered as Kazkommertsbank in October 1991. KKB completed an IPO in GDR form on the London Stock Exchange in November 2006, the first CIS bank to do so, in a deal totalling $845 million. The Bank’s shares are listed on the Kazakhstan Stock Exchange.
Further information can be found at http://en.kkb.kz

Contacts:
Aliya Nursipatova, Head of Investor Relations
+7 (727) 258-51-25, E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Director of Public Relations
+7 (727) 258-54-56, E-mail: pr@kkb.kz
Merlin                                       +44 20 7653 6620
Toby Bates                               +44 7747 607 768
Leonid Fink                                +44 7939 071 270