DJSB ABN AMRO Bank of Kazakhstan JSC informed on changing of the bank's Board Chairman

/KASE, July 16, 08/ - DJSB ABN AMRO Bank of Kazakhstan JSC (Almaty), the member of Kazakhstan Stock Exchange (KASE) by categories "B", "K" and "P", disseminated today the press release of the following content: Quotation start Rudi Geerdink will replace Jurgen Rigterink as Chairman of the Management Board and Country Head of ABN AMRO Bank Kazakhstan, a member of the RBS group. The appointment is subject to all necessary legal and regulatory approvals. Rudi Geerdink joined ABN AMRO in 2000 from the financial services risk management practice of the PriceWaterhouse. Within ABN AMRO, he has held a number of management and commercial positions in Global Markets and BU Europe. Most recently, Mr Geerdink was in charge of the E-Business Banking initiative during its first year and was subsequently responsible for the ongoing development and roll-out of this distribution platform. Mr. Geerdink holds an MSc in Business Administration from the University of Twente, The Netherlands. Mr Rigterink, who previously served in a variety of senior positions in ABN AMRO in Germany and Belgium and has led ABN AMRO Kazakhstan since February 2005, has decided to pursue career opportunities outside the Bank. Over the last three and a half years, ABN AMRO positioned itself as the leading, innovative investment bank in Kazakhstan. Benchmark transactions included our role as Mandated Lead Arranger and Bookrunner in the largest Kazakh IPOs for ENRC and KazMunaiGas, the 1st public international securitisation of residential mortgage loans originated in Kazakhstan for BTA Ipoteka, 1st GBP-denominated bond in CEEMEA and 1st И-denominated bond out of Kazakhstan for Kazkommertsbank and most recently, KMG's Kazmunaygas USD 3 billion Eurobond, the largest ever corporate bond deal of the Central Eastern Europe region and Emerging Markets. During this period, ABN AMRO Bank Kazakhstan was recognized as the Best Loan House, the Best Debt House and the Best Bond House by leading business editions and was presented a wide range of other awards. Moreover, during the last year, ABN AMRO Bank Kazakhstan increased its charter capital, enlarged its country geographical presence, and established its own brokerage company. Mr Rigterink personally contributed to the promotion of the country on the worldwide stage as Co-chairman of the Image Enhancement Working Group within the Foreign Investors' Council chaired by the President of the Republic of Kazakhstan. The appointment of Mr Geerdink underscores the long-term commitment of the bank to the country. ABN AMRO Bank Kazakhstan will continue to invest in the local economy by further expanding in commercial, investment and retail banking. Please do not hesitate to address any questions to: Nataliya Kryuchkova, Head of Corporate Communications Department, ABN AMRO Bank Kazakhstan, +7 727 2581505 (ext.10555), +7 701 323 00 14, nataliya.kryuchkova@kz.abnamro.com Reference information: ABN AMRO Bank Kazakhstan is now part of the RBS group, one of the world's leading financial organizations. Founded in 1727, RBS employ 168,000 people in over 50 countries serving over 40 million customers worldwide. For additional information, please, see ABN AMRO corporate site at www.abnamro.com or RBS corporate site at www. rbs.com Quotation end [2008-07-16]