Meeting of members of executive committee of BANK CASPIAN JSC (Kazakhstan) with representatives of investment fund was held in Almaty

/KASE, June 8, 06/ - Press service of CASPIAN BANK JSC (Almaty) has spread today press release of the following context: Quotation start On June 3 the meeting of members of executive committee of CASPIAN BANK JSC Mr. V. Kim, Mr. M. Lomtadze, Managing Partner of the Fund of direct investments Baring Vostok Capital Partners Mr. M. Calvy with Chairman of Board of directors of the Fund Mr. A. Issekeshev was held in Almaty. Purpose of this meeting was mutual introduction of Fund's activity, discussion of perspectives of further cooperation within framework of development of industrial innovational programs of Kazakhstan. Different questions were touched at the meeting, which went of in atmosphere of understanding and friendship: new tendencies in funds development, also acting and future projects of the company were discussed there. Authoritative world financial institutes of development, such as European Bank of Reconstruction and Development (EBRD), State Investment Company of Singapore (GIC) and many others, with which BVSP has long and successful partner relations, are partners of Fund Baring Vostok Capital Partners. In connection with this, Mr. Calvy expressed his certainty that Baring Vostok was ready to participate in active way in work of the fund Kazyna, using their best potential and knowledge, by means of giving different consultation, working in expert groups on introducing new industrial- innovational projects. In his turn, Mr. Kelimbetov noted that Fund Kazyna needs knowledge and high experience of one of the most successful funds of direct investments in CIS countries. Fund Kazyna plans to make investments in authorized capitals of acting and new enterprises of Kazakhstan, to use high technologies, to stimulate the market of corporate securities, to accomplish foreign investments for providing producing cooperation between local and oversea enterprises. The sides negotiated, while talking, on further cooperation, which soon will be approved by real projects within framework of successful realization of industrial-innovational programs of Kazakhstan. BANK CASPIAN JSC: CASPIAN is one of ten leading banks of Kazakhstan, which owns one of the broadest regional net works, consisting of more than 137 branches and departments in all big cities and regions of Kazakhstan. assets of BANK CASPIAN JSC make more than $1.4 bn. Prioritize direction of its activity is considered credit programs for population and subjects of small and medium business. The bank founded the program of express credits for population in Kazakhstan and more than three years it takes leading position on that market About 3,500 employees work in the bank. Baring Vostok Capital Partners: BVCP manages three funds with equity capital totaled more than $800 m. and invests in vast sector of branches, including financial services, consuming goods, oil-gas sector and telecommunication. BVCP has accomplished more than forty successful investments projects, among which are such leading companies as Europlan, STS channel, Golden Telecom, Sladko, Vimpelcom, Yandex, Burren Energy, Gallery Group and many others. Big institutional investors of Europe, Northern America, The Near East and Asia, including famous financial international organizations, such as: State Investment Company of Singapore (GIC), European Bank of Reconstruction and Development (EBRD), International Financial Corporation (IFC) and Netherlands Company on Financing of Development (FMO) are in the number of investors in funds Baring Vostok Capital Partners. Press service of BANK CASPIAN JSC Yelena Vakirova (3272) 71-84-11, mob.: 8 300 758 12 01 Quotation end [2006-06-08]