DB Alfa-Bank JSC (Kazakhstan) manager change

/KASE, June 18, 08/ - Daughter bank Alfa-Bank (Almaty, in the heading - DB Alfa-Bank JSC), bonds of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with the press release: Quotation start On June 16, 2008 there was a change in the managerial staff of Daughter Bank Alfa-Bank JSC (Kazakhstan). Alexander Konopasevich became the Chairman of the Management Board of the Daughter Bank. Alexander Artyshko, the former Chairman, was elected to the Board of Directors of Kazakhstan Bank as the First Deputy Chairman of the Board of Directors. New appointments were due to large scale plans of the management to enforce positions of the bank in Kazakhstan and develop new operation areas. Currently, a relatively young Kazakhstan financial market is one of the most dynamically developing among CIS countries. This is why, it has such a big growth potential. Therefore, the Daughter Bank's role one of the key local market players linking financial markets of the two countries will grow. Of course, such measures will require the Daughter Bank management be long-sighted, and active, making accurate and reasonable decisions. "Alexander Konopasevich demonstrated high quality professional skills and has been an outstanding organizer who managed to tackle a number of strategic problems. I am absolutely positive, Alfa-Bank will afford him new opportunities to materialize his potential", - Rushan Khvesyuk, the Chairman of the Management Board of Alfa-Bank said. Alexander Artyshko will concentrate on strategic issues related to business development of the bank in Kazakhstan. Alexander V. Konopasevich was born in 1970 in Almaty. He is married, and has two children. He graduated from Kazakh State Pedagogical University named after Abay and Central-Asian University. Before DB Alfa-Bank JSC, Alexander Konopasevich worked in Bank CenterCredit JSC, was a deputy director of Almaty branch of Kazkommertsbank JSC, Chairman of the Management Board of Eurasian Credit Partnership JSC, and Chairman of the Management Board of Eurasian Bank JSC. DB Alfa-Bank JSC (Kazakhstan) was established in December 1994 and has since been one of the most reliable and successfully developing Kazakhstan banks. DB Alfa-Bank JSC has managed to render services of highest quality using financial flows between Russia and Kazakhstan. DB Alfa-Bank JSC has branches in Astana, Ekibastuz, Ust-Kamenogorsk and Karaganda. Quotation end [2008-06-18]