Kaspi Bank (Kazakhstan) announces conclusion of non-arm's length transaction with Kaspi Insurance

/KASE, June 24, 13/ – JSC "Kaspi Bank" (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... on carrying out by JSC "Kaspi Bank" (hereinafter – the Bank) of a non-arm's length deal, according to Additional agreement No. 2 to Agreement on brokerage services to clients on the market of government securities with rendering of nominee holder services No. 411/06 dated April 26, 2004 with affiliated person, JSC "Kaspi Insurance" (hereinafter – the deal). 1) date when the joint-stock company's body took a decision to conclude the deal – Minutes SD No. 2013/06-64 of June 19, 2013; 2) value of underlying asset – none; 3) date of the most recent valuation of the underlying asset – none; 4) percentage ratio of the value of underlying asset to the value of the joint- stock company's total assets – none; 5) main substantial terms of the deal: - due to changing the name of JSC "Subsidiary of joint-stock company "Kaspi Bank" "Insurance company "Almaty international insurance group" to change with words JSC "Kaspi Insurance"; - specifying other terms of the agreement. 6) main substantial terms of the deal – June 19, 2013. unquote [2013-06-24]