Halyk savings bank of Kazakhstan JSC informed of sale of its shares at LSE In the form of GDR for $748 m

/KASE, December 27, 06/ - Halyk savings bank of Kazakhstan JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) official "А" lisiting category, today spread apres release of the following content: Quotation start December 27, Almaty. Today Grigoriy Marchenko, a Representative of the Board of Halyk bank of Kazakhstan JSC, announced about successful offering results of global depository receipts (GDR) in the frames of IPO at London stock exchange. On December 14, 2006 after conducting a two-week road show Halyk bank of Kazakhstan successfully offered its shares in the form of global depository receipts (GDR) within the frames of IPO at London stock exchange at the upper frontier of the price range - USD16 per GDR. At the offering price demand increased supply more than 12 times, and the total demand increased supply more than 23 times. At the offering price Bank's estimation coefficient with assumed balance value at the end of 2006 totaled about 6.17 before and 4.78 after Bank's receipt of funds, earned from IPO, in its capital, which is the highest result among banks in the entire region. Straight after the offering price for GDR of Halyk bank substantially increased and currently is quoted in the range approximately USD19.5-20.5 per GDR. The selling shareholder was the Bank's main owner - holding group Almeks, which offered 46,750,000 GDR for a total of USD748 m., including GDR, being offered on option of additional offering. Each GDR represents rights for four common shares. International investment banks Credit Suisse and Deutsche Bank, as well as company Halyk Finance acted as the Joint Global Coordinators of the Global Offer. Also Halyk Bank offered to its shareholders to use the first option of 55 m. common shares of an additional issue. Funds attracted by means of issue will be directed to the further development of the Bank. Success of IPO of Halyk Bank in many respects showed accuracy of chosen bank development strategy as a diversified regional financial group, which works in all segments of the financial market and oriented to the balanced growth in retail, corporate sector, as well as in the sector of small and medium-sized business. "We are glad to note a big interest, with which Halyk bank was accepted during conducting the road-show, and also high quality of international investors, who have become holders of GDR. It testifies the trust of new investors in bank's growth potential. We hope for high financial results and value growth of investments of our shareholders and holders of GDR," said Grigoriy Marchenko, the chairman of the board. Bank's new investors were widely introduced to representatives of the world: about 33% of investors in IPO was introduced to investors from the United Kingdom, USA - 18%, continental Europe - 18%, the Middle East - 20% and etc. For information: As of December 1 of the current year assets of Halyk bank are KZT880.8 bn., liabilities - KZT794.0 bn., authorized capital - KZT37.4 bn., equity capital (balance) - KZT86.7 bn. Credit portfolio (requirements to gross clients without corrections, discounts and premiums) is equal to KZT586.7 bn., out of them credits to legal entities - KZT350.7 bn., credits to public - KZT236.0 bn. Clients' deposits are KZT581.4 bn., where public contributions reached KZT196.1 bn. and deposits of legal entities - KZT385.3 bn. Income for 11 months of the current year is KZT19.4 bn. Press service of Halyk bank A. Isabayeva, phone: 2 590 000, ext.1498 Quotation end [2006-12-27]