BTA Bank subsidiary Temirbank (Kazakhstan) restructuring plan is approved by Almaty Special Financial Court

13.05.10, 16:53
/KASE, May 13, 10/ - BTA Bank subsidiary Temirbank (Almaty), securities of
which are present in Kazakhstan Stock Exchange (KASE) official list, the
following press release:

quotation starts

JSC Temirbank (the "Bank") is pleased to announce that the Specialised
Financial Court of Almaty has approved by its decision dated 29 April 2010 the
restructuring plan of the Bank. The decision of the Specialised Financial Court
of Almaty will come into force on 12 May 2010 provided that prior to that date
it is not appealed in the manner established by Kazakhstan legislation. The
restructuring plan of the Bank was approved by the required majority of
Restructuring Creditors at the Creditors Meeting dated 31 March 2010 and
agreed with the FMSA on 9 April 2010 as previously announced.

The Bank is now preparing for completion of the restructuring, including the
distribution process, as set out in its Information Memorandum dated 22
February 2010, Supplemental Information Memorandum dated 9 March 2010
and Second Supplemental Information Memorandum dated 11 March 2010
(together, the Information Memoranda).

As described in the Information Memoranda, the Bank will in due course
announce when the Restructuring Date, and therefore the Distribution Record
Dates and Distribution Submission Deadlines, will occur. The Bank refers its
Restructuring Creditors to the Information Memoranda where the importance of
these dates, and the related actions which relevant, eligible Restructuring
Creditors will be required to take by those dates if they wish to receive New
International Notes, Equity Interests or New Secured Domestic Notes (as
relevant) rather than the Net Proceeds of Sale (if any) of them, is explained.

As before, all retail and commercial deposits (with the exception of certain
related party deposits) and the bank's other operating liabilities, including
advisors' fees will be excluded from the restructuring. Deposits will continue
to operate in the normal way and will not be subject to any discounting or 
adjustment as a result of the restructuring.

Individual depositors continue to be protected under the state system of
mandatory guarantees of deposits. In accordance with the relevant legislation
of the Republic of Kazakhstan, the bank deposits of individuals in the Bank and
other second tier banks are currently guaranteed up to the amount of KZT 5

These materials are not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration 
or an exemption from registration.

quotation ends