/KASE, March 13, 15/ – Development Bank of Kazakhstan JSC (Astana, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following:

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In accordance with decision of Management Board dated March 5, 2015 (Minutes No.06/15) of National managing holding Baiterek JSC (hereinafter – NMH Baiterek) being the sole shareholder of the Bank the following decisions were taken:

1. The number of members of the Board of Directors was approved – 6 (six) members for a term of 3 (three) years beginning from March 13, 2015.

2. The elected members of the Board of Directors beginning from March 13, 2015 are:

- Kuandyk Bishimbayev representing interests of NMH Baiterek JSC;

- Alina Aldambergen representing interests of NMH Baiterek JSC;

- Yersain Hkamitov representing interests of NMH Baiterek JSC;

- Bolat Zhamishev, Chairman of the Bank's Management Board;

- Zhanat Alimanov, independent director;

- Marcia Elizabeth Christian Favale, independent director.

We announce that on March 12, 2015 the powers of the following former members of the Board of Directors shall expire:

- Kuandik Bishimbayev representing interests of NMH Baiterek JSC;

- Alina Aldambergen representing interests of NMH Baiterek JSC;

- Bolat Zhamishev, Chairman of the Bank's Management Board;

- Ulf Wokurka, independent director;

- Jacek Brzezinski, independent director;

- Zhanat Alimanov, independent director;

- Marcia Elizabeth Christian Favale, independent director.

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[2015-03-13]