BTA Bank (Kazakhstan) increased its stake in the authorized capital of BTA Bank (Belarus) from 48.94 % to 99.29 %

/KASE, November 4, 08/ - BTA Bank (Almaty), securities of which are traded in Kazakhstan Stock Exchange (KASE) official list, provided today to KASE the press release on the following: Quotation start The largest bank of Kazakhstan BTA Bank increased its stake in the authorized capital of BTA Bank (Belarus) from 48.94% to 99.29% through acquisition of shares, previously owned by other bank shareholders. As a result of the deal, BTA Bank became the owner of the control packet of shares of Belarusian BTA Bank. "BTA Bank considers Belarus as of the most attractive markets in CIS. Favorable economic and geographic location of the country, dynamic growth of macro- economic indicators, and the active consumer market opens broad perspectives for this country banking sector development. Consolidation of the Belarusian bank in the BTA group composition is one of the important steps towards this objective implementation", - emphasized Chairman of BTA Bank Board Roman Solodchenko. As a result of BTA Bank stake, the Belarusian BTA Bank acquired the status of the subsidiary bank. The deal was concluded within the consolidation plans and became one of the basic phases of the strategy 2015 implementation that foresees up to 5% increase of BTA Bank stake on the Belarusian banking services market. For Media contacts: Adil Dossymov, BTA Bank Press Secretary 8 (727) 266 47 97, e-mail: dosymov@bta.kz Quotation end [2008-11-04]