Alliance Bank (Kazakhstan) confirms compliance with concords reached with Fund of national wellbeing Samruk-Kazyna

/KASE, January 30, 09/ - Alliance Bank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with the press release dated January 29, 2009 as follows: Quotation beginning Today Alliance Bank (LSE:ALLB) informed on results of negotiations between the Chairman of the Board of Fund of national wellbeing Samruk-Kazyna Mr. Kayrat Kelimbetov and the Chairman of the Board of Directors Mr. Margulan Seysembaev. The parties came to a mutual agreement on compliance with reached earlier concords regarding participation of Alliance Bank in activities specified by the Plan of joint activities of the Government of the Republic of Kazakhstan, National Bank of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) for stabilization of economics and financial system for 2009- 2010". As it was informed earlier, in December 2008 Alliance Bank, its core shareholder - Financial corporation Seymar Alliance (SAFC) and the Government of the Republic of Kazakhstan in the person of the Ministry of Finance of the Republic of Kazakhstan, National Bank of the Republic of Kazakhstan and Fund for national wellbeing Samruk-Kazyna signed a Memorandum of understanding, within the bounds of which the parties agreed on increase of capitalization of Alliance Bank and its participation in other stabilization activities with the purpose of support of necessary volume of crediting of the real sector. Therewith, Alliance Bank considers it necessary to clarify the situation for prevention of possible insinuations related to further activities of the Bank. By the decision of the Government, in accordance with the signed Memorandum of understanding, Fund of national wellbeing Samruk-Kazyna shall participate in the Alliance Bank capital as a shareholder. This will not cause any changes in the operation of Alliance Bank. Alliance Bank is working in the normal mode and complying with all obligations before its clients and investors. For further information, please, contact: Public Relations Service of Alliance Bank Tel. +7 (727) 259 80 76 E-mail: pr@alb.kz Website: www.alb.kz Quotation end [2009-01-30]