Kaspi Bank (Kazakhstan): investment fund Baring Vostok Capital Partners receives Global Private Equity Awards 2008

/KASE, May 25, 09/ - Kaspi Bank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release: Quotation beginning A shareholder of Kaspi Bank, investment fund Baring Vostok Capital Partners, according to annual inquiry of readers of Private Equity International was again acknowledged as the best direct investment company and awarded with Global Private Equity Awards 2008. The company won the award for the fourth time in four years. The largest Kazakhstan investment of Baring Vostok Capital Partners is acquisition of control shareholding of kaspi bank two years ago. Global Private Equity Awards were established by international magazine Private Equity International and are handed annually for achievements in direct investment. Baring Vostok Capital Partners have been working over 15 years in CIS, being a largest direct investor in CIS countries. Baring Vostok comprises 20 companies - with the total income of USD1.7 bn. a year, net profit about USD300 m. and providing 10,000 jobs. "Baring Vostok Capital Partners received the Global Private Equity Awards for the fourth time, which is very significant, - co-managing partner Michael Kalvi says. - The award is a result of systemic everyday work, performed by all BVCP team members and is an essential factor amidst the global credit crisis". "In 2006-2007 Baring Vostok Capital Partners invested in kaspi bank about USD100 m. As a result the bank today has the highest level of capital, - kaspi bank chairman Mikhail Lomtadze says. - Besides, shareholders have not received dividend, continuing to invest in the bank. kaspi bank is working to develop retail: we are not building a bank similar to many others. We take the best global practice and knowledge, take into consideration mistakes of others and build the best retail bank in Kazakhstan and Central Asia". Direct investment fund Baring Vostok Capital Partners: is mainly investing in CIS. Beginning 1994 the funds invested over USD600 m. in 50 companies, operating in finance, oil and gas, telecommunications and media, consumer sector, including kaspi bank, Europlan, Financial Technologies Center, Barren Energy, Vympelcom, Golden Telecom, Syktyvkarskiy LPK, Sladko, Borjomi, Yandex and Ozon. Investors of the fund are EBRD and International Financial Corporation, and largest international pension funds, government investment corporations, university funds from America, Europe and Asia. Baring Vostok is a part of Baring Private Equity International, group managing funds for direct investment having USD3.5 bn. assets in CIS, Asia, India, Europe and Latin America. Investor of Kaspi Bank is a leading direct investment fund Baring Vostok Private Equity III (BVPEF III). Private Equity International: PEI - international magazine, covering direct and venture investment. It is issued by a respectable magazine group during the last thirty years and is covering all issues in the sphere. Private Equity International is providing news and deep understanding of how the assets develop globally. Contact: Botagoz Zhumanova Media Relations Tel.: 8 (7272) 501-800 (ext. 1376) E-mail: ZHUMANOVA.Botagoz@kaspibank.kz Cell: +7-701-223-87-85 +7-777-232-51-12 Quotation end [2009-05-25]