Halyk Savings Bank of Kazakhstan receives two fixed-term depostis from Fund of national wellbeing Samruk-Kazyna for a total of KZT120 bn.

/KASE, February 3, 09/ - Halyk Savings Bank of Kazakhstan (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release: Quotation beginning Halyk Savings Bank of Kazakhstan (hereinafter - "Halyk Bank" or "HBK") informs on receipt on January 30, 2009 of two fixed-term depostis from Fund of national wellbeing Samruk-Kazyna (hereinafter - Fund Samruk-Kazyna) for a total of KZT120 bn. Funds of the first deposit in the amount of KZT60 bn. will be in nearest future used to increase capitalization of Halyk Bank. The second deposit, also in the amount of KZT60 bn. is a long-term deposit and meant for crediting of the real sector of Kazakhstan economy in such strategically important spheres as industrial and social infrastructure, energetics, agriculture and food industry, transport and communications, wholesale and retail trade, services, machinery, metallurgy, oil and gas. Earlier, on January 15, 2009 Fund Samruk-Kazyna and Halyk Bank signed a block of documents of implementation of a set of joint measures in support of economy of the Republic of Kazakhstan within the bounds of the stabilization program of the Government. According to the agreements HBK will attract additional capital from the Fund Samruk-Kazyna in the amount of up to USD500 m. in the form of common and preferred shares, and other instruments. It is supposed that Fund Samruk-Kazyna will acquire up to 25 % of common shares of Halyk Bank after implementation of appropriate procedures in accordance with the legislation of Kazakhstan and requirements of London Stock Exchange. As informed earlier, on January 22, 2009 Mr. Grigoriy Marchenco, Chairman of the Baord of Halyk Bank since January 2005, was appointed as a Chairman of the National Bank of the Republic of Kazakhstan. The Board of Directors of HBK, retaining succession of the course of strategic development of Halyk Bank, elected Ms. Umut Shayakhmetova a new Chairman of the Board. Ms. Umut Shayakhmetova beginning 2004 worked as a deputy Chairman of the Board of HBK, curating corporate sector. Before work at Halyk Bank Ms. Umut Shayakhmetova for 7 years worked in the system of ABN AMRO Bank holding different management positions. The Board of Halyk Bank has not changed and is operating in the former composition. Halyk Bank is a leading fundamental financial institution of the country, having the branchiest affiliate network in Kazakhstan (over 700 divisions), largest number of clients (over 6 m. of individuals, over 53,000 small amd middle business clients and over 300 large corporate clients) and a leader in banking services such as settlement and cash service, deposits of individuals and legal entities, payment cards, currency and exchange transactions, crediting and many others. The Halyk Bank Group comprises the largest pension fund Accumualtive pension fund of Halyk Bank of Kazakhstan, a leading insurance company Subsidiary insurance company of Halyk Bank of Kazakhstan Halyk - Kazakhinstrakh and a number of other financial companies. HBK owns subsidiary banks in Russia, Kyrgyzstan, and Georgia. Quotation end [2009-02-03]