Moody's Investors Service assigns "Ba2" rating to issue of eurobonds of ALB Finance B.V. (Netherlands) for 250 m. pounds

/REUTERS, Moscow, February 12, 07, title KASE/ - Moody's Investors Service has assigned a Ba2 long-term foreign currency rating to the 9.75% GBP250 million senior unsecured Loan Participation Notes ("LPNs") due 2011 issued by ALB Finance B.V., a Netherlands-based special purpose vehicle wholly owned by Alliance Bank (Kazakhstan). The notes are being issued under Alliance Bank's multiple seniority medium-term note programme, which has recently been extended to US$3 billion from US$1.5 billion. The LPNs are unconditionally and irrevocably guaranteed by Alliance Bank. The outlook for the rating is positive. Please refer to Moody's press release dated 31 March 2006 detailing the assignment of the ratings for the programme. Alliance Bank is headquartered in Almaty, Kazakhstan, and reported unaudited total assets of KZT665.4 billion (US$5.2 billion) and shareholders' equity of KZT40.58 billion (US$319.5 million) under IFRS at 30 September 2006. As at end-September 2006, Alliance Bank ranked fourth in Kazakhstan in terms of total assets and fifth in terms of shareholders' equity (in accordance with figures reported under local accounting rules). London Adel Satel Managing Director Financial Institutions Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 Moscow Lev Dorf Associate Analyst Financial Institutions Group Moody's Eastern Europe Telephone: +7 495 641-1881 Facsimile: +7 495 641-1897 [2007-02-13]