Halyk Savings Bank of Kazakhstan borowed through HSBK (Europe) B.V. (Netherlands) the syndicated loan in the amount of $300.0 m.

/KASE, September 2, 08/ - Halyk Savings Bank of Kazakhstan (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the press release of August 29 where informs the following: Quotation start Joint Stock Company 'Halyk Savings Bank of Kazakhstan' (Halyk Bank) (LSE: HSBK) is pleased to announce that the above transaction, arranged by BNP Paribas, ING Wholesale Banking ("ING"), Landesbank Berlin AG ("LBB"), Standard Bank Plc ("Standard Bank"), UniCredit Markets & Investment Banking ("UniCredit") and WestLB AG, London Branch ("WestLB") (each an "Initial Mandated Lead Arranger" and "Bookrunner"), was signed on 28 August 2008. Despite the current market situation and challenging market conditions, the transaction has been well received due to the quality of Halyk Bank and accuracy of the pricing. The Facility was launched at US$200 million and closed largely oversubscribed. Therefore, Halyk Bank has elected to increase the Facility Amount to US$300 million. The facility was widely syndicated and is comprised of 21 entities of eight different nationalities, demonstrating that appetite for quality borrowers remains. The Facility will be used for general financing purposes, including trade related activities of JSC Halyk Bank's customers and is structured as a one- year term loan with an extension option for another one-year period with a bullet repayment. Summary details of the transaction: --------------------------------------------------------------------- Borrower: HSBK (Europe) B.V. Guarantor: Halyk Bank Amount: $300,000,000 Margin: 1.00 % APR Tenor: 370 days, with an extension option for further 370 day Repayment Bullet at maturity Purpose: general financing purpose including trade finance Bookrunners: BNP Paribas, ING, LBB, Standard Bank, UniCredit, WestLB Agent: ING --------------------------------------------------------------------- For further information, please contact: Zhanara Aikimbayeva janara@halykbank.kz +7 727 259 07 96 Assel Atinova asela@halykbank.kz +7 727 259 04 30 Lenura Urmiyeva lenurau@halykbank.kz +7 727 259 02 66 Quotation end [2008-09-02]