/KASE, September 14, 2017/ – Subsidiary Bank Sberbank of Russia (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of September 14, 2017:

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Sberbank has allocated KZT 945 million to Bagzhan Land Company for the construction of a shopping and entertainment center in Shymkent.

The transaction provides for subsidy of the interest rate on a loan in the framework of Business Road Map 2020 Unified Business Support and Development Program of EDF Damu JSC.

"Today, Sberbank takes a leading position in the implementation of state programs aimed at the entrepreneurship development. The opening of shopping centers allows to attract new retailers and create additional working places,which ultimately has a positive impact on the economic growth of the region", Yeldar Tenizbayev, Deputy Chairman of the Management Board of SB Sberbank JSC, emphasizes.

Construction work is planned to be completed by November 2017. The full launch of the new shopping and entertainment center will be made by the end of the year.

Bagzhan Land Company already has 3 contracts of intent of rent for placing restaurant, supermarket and playgrounds. This transaction will expand HYPER HOUSE shopping center already existing in Shymkent. The building will consist of 5 levels, which will include an underground parking, shopping areas, cinema, children's playground, and restaurants. We believe that the comfort and availability of our project will be appreciated", Zhandarbek Sydykov, Director of Bagzhan Land LLP, said.

Bagzhan Land LLP is the owner of HYPER HOUSE shopping center. The shopping and entertainment center is located in one of the busiest areas of the city of Shymkent.

SB Sberbank JSC is a part of Sberbank international group. The Bank has ten-year successful experience in the financial market of the Republic of Kazakhstan and takes 4th place in terms of assets among second-tier banks of the Republic of Kazakhstan. Nowadays, SB Sberbank JSC has a branch network of 83 structural subdivisions, 16 out of which are branches. The central office of the Bank is located in Almaty. www.sberbank.kz

For more information please contact the following persons: SB Sberbank JSC

Yekaterina Kupreyeva +7 (727) 266 35 68 (ext. 502499) Моb:+7 702 18 16 127 e-mail: yekaterina.kupreeva@sberbank.kz

Yevgeniy Kruglik +7 (727) 266 35 68 (ext. 501237) Mob:+7 707 75 00 681 e-mail: yevgeniy.kruglik@sberbank.kz

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[2017-09-14]