Kazkommertsbank JSC (Kazakhstan) informed on intention of Alnair Capital Holding JSC to buy over 25 % of bank's common shares

/KASE, June 20, 08/ - Kazkommertsbank JSC (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the press release where informs on the following: Quotation start Kazkommertsbank JSC informed that today received the official notification from Alnair Capital Holding JSC on submission by this company of the application to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) on acquisition of the banking holding status and ownership of more than 25% of bank's common shares. At present Alnair Capital Holding owns 8.03% of Kazkommertsbank common shares, and concluded agreements, granting the right for buying 17.12% of Kazkommertsbank common shares in case of receipt of the appropriate agreement of regulating bodies. Shares were bought on the open market and did not influence on stakes of principal shareholders of the bank - Nurzhan Subkhanberdin, Central Asian Investment Company JSC (CAIC) and European Bank for Reconstruction and Development (EBRD). Kazkommertsbank Board of Directors and top management welcome Alnair Capital Holding as the principal shareholder and express the hope that its investment intentions have the long-term nature. Alnair Capital Holding - the Kazakhstan company, which belongs to the private investment fund, created by His Highness sheikh Tahnun bin Zaid al-Nahayan, who is the royal family member of Abu Dhabi Emirate. The Managing Director of Kazkommertsbank Andrei Timchenko commented: "We believe that the decision of Almair company confirms attractiveness of Kazakhstan in whole and Kazkommertsbank in particular, and demonstrates the Kazakhstan financial sector's ability to resist the global financial crisis. Kazkommertsbank is ready to move forward, responding to needs of rapidly growing Kazakhstan economy, working in the interest of shareholders, clients and employees". For additional awareness of editors: Kazkommertsbank shareholders structure in case of the deal with Alnair Capital Holding: ----------------------------------------------------------------------------- Stake from the total number of common shares Shareholders ------------------------------- -------------------------------------------- CAIC 32.12% N. Subkhanberdin 12.62% EBRD 8.45% Alnair Capital Current stake - 8.03% Total: possible future stake - 25.15% Remains of free floating shares as receipts through BONY 19.3% Other shareholders 2.17% Total: 100% ----------------------------------------------------------------------------- Kazkommertsbank is on of the largest banks in the former Soviet Union with assets of $249 bn. (according to the auditors' report as of January 1, 2008). The bank is leading on investments volume into the Kazakhstan real sector. Under the new trade mark KAZKOM opened 191 affiliates across the country by the end of 2007. Kazkommertsbank was the first bank, which implemented IPO on London Stock Exchange. Kazkommertsbank includes subsidiary banks CB Moskommertsbank (Russia), Kazkommertsbank Kyrgyzstan OJSC (Kyrgyzstan) and Kazkommertsbank Tajikistan CJSC (Tajikistan), accumulative pension funds Ular Umit and Grantum, insurance company Kazkommerts-Police and Kazkommerts Life, brokerage company Kazkommerts Securities and companies on assets management Grantum Asset Management and Zhetysu. For contacts: Director of Financial Institutes Department Maral Amrina tel.: +7 (727) 258 51 25 Investors Relations Department Aliya Nursipatove tel.: +7 (727) 258 51 25 E-mail: investor_relations@kkb.kz Larissa Kokovinets, press-secretary tel.: +7 (727) 258 54 56 E-mail: pr@kkb.kz Quotation end [2008-06-20]