Kazkommertsbank (Kazakhstan) receives KZT120.0 bn. from Fund of national wellbeing Samruk-Kazyna

/KASE, February 2, 09/ - Kazkommertsbank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release as follows: Quotation beginning Kazkommertsbank informs on receipt of KZT120 bn. from Fund of national well being Samruk-Kazyna on January 30, 2009. This amount includes a KZT36 bn. six-month deposit, which is meant to be used for acquisition of 25 % shares of the bank by Fund Samruk-Kazyna. The rest of the sum of KZT84 bn., placed in the form of contribution for 36 months, will be used within the frames of the anti-crisis program of the government for financing and refinancing of corporate clients of banks in the real sector of the economy: industry, agriculture, infrastructure, oil and gas sector, transport and processing industries. Terms of deposits allow the bank for reducing current interest rates for its borrowers. The order of control of target usage of funds of deposits will be determined with participation of Fund Samruk-Kazyna within two weeks. Kazkommertsbank was selected by the Kazakhstan Government as a partner for implementation of a set of measures of financial support of the domestic economy amidst the global financial crisis. Earlier on January 15, 2009 Fund of national wellbeing Samruk-Kazyna signed a block of documents with the bank and its main shareholders; the documents define joint actions within the frames of the stabilization program of the Government. Contact: Aliya Nursipalatova Head of Investor Relations +7 (727) 258 51 25 E-mail: investor_relations@kkb.kz Larissa Kokovinets Director of Public Relations Department +7 (727) 258 54 56 E-mail: pr@kkb.kz Quotation end [2009-02-02]