SB Sberbank JSC (Kazakhstan) informs on conformation of earlier given ratings by Moody's Investors Service

/KASE, June 30, 2008/ - Subsidiary Bank joint stock company Sberbank of Russia (SB Sberbank JSC, Almaty), bonds of which are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list, provided KASE press release of the following content: Quotation start International rating agency Moody's Investors Service conformed long term rating of SB Sberbank JSC on level "Ba2", NP, Е+ with forecast "Stable". Moody's specialists mark that strong points of the bank are huge support of maternal bank, expressed in huge increasing of capital and support in deductible of bank, good quality of credit portfolio of new corporate loaners, presented by different economics' spheres, good capitalization and high income. According to Moody's, bank`s weak points are high concentration on loaners in credit portfolio and weak deductible with insignificant market stake (0.55%). Significant increasing of market stake (not less than 1%) will contribute to increasing of bank's rating from Moody's, while retaining decent level of financial indicators, increasing of Sberbank of Russia rating, huge support of bank form the side of Sberbank of Russia (improvement of integration processes, correspondence to business-model and grocery line of SRF). FOR INFORMATION: SB Sberbank JSC, License #199 of Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, dated December 13, 2007. The main shareholder - Sberbank of Russia JSC - 99.99%. Bank's assets for 2007 increased by 115% and make KZT57,499,588 th., shareholders equity grew by 8.6 times to KZT32,016,159 th., bank's net income increased by 28% - KZT1,251,203 th., loans for clients grew by 43% and clients' current accounts and deposits by 13%. SB Sberbank JSC has a net of structural subdivisions - branch offices in Almaty, Astana, Aktau, Aktobe, Atyrau, Karaganda, Pavlodar, Taldykorgan, Uralsk and more than 100 structural subdivisions all over Kazakhstan. In 2008 branch offices in Kostanai and Ust- Kamenogorsk and headquarters in Almaty are planned to open. Quotation end [2008-06-30]