AFS assigned Alnair Capital Holding JSC (Kazakhstan) Kazkommertsbank JSC banking holding status; holding controls 17.12 % of the bank's common shares

/KASE, August 5, 08/ - Kazkommertsbank JSC (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the press release where inform on the following: Quotation start Kazkommertsbank (hereinafter - the Bank) informs on receipt of Resolution # 113 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of July 18, 2008, in compliance with which Alnair Capital Holding JSC, previously announced its intention to acquire more than 25% of the Bank's common shares, was issued the agreement on acquiring the Bank's banking holding status. Simultaneously, in compliance with requirements of the pension and insurance legislation of the Republic of Kazakhstan, the company Alnair was issued the status of principal participant of certain subsidiaries of Kazkommertsbank, control over which Alnair will get indirectly through participation in the Bank's authorized capital: accumulative pension funds Ular Umit and Grantum, the insurance company Kazkommerts-Police and the company on life insurance Kazkommerts- Life. In compliance with the same Resolution the similar status was assigned to persons, indirectly supervising the company Alnair - Alnair Capital LLP and Mrs. Nurieva Aigul Maratovna. Kazkommertsbank also informs that today it received Alnair Capital Holding JSC notification on completion of deals on acquiring control over 17.12% of the Bank's common shares, at present the company actually owns 25.15% of the Bank's common shares. For contacts: Larissa Kokovinets Director, PR Department +7 (727) 258 54 56 email: pr@kkb.kz Aliya Nursupatova, Head, Investors Relations Department +7 (727) 258 51 25 email: investor_relations@kkb.kz Quotation end [2008-08-05]