Alliance Bank (Kazakhstan) signed the agreement on restructuring terms with the Creditors Committee and interest payment moratorium on September 8, 2009

/KASE, October 6, 09/ - Alliance Bank (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the following press release: quotation start Alliance Bank (the "Bank") is pleased to announce that it signed a term sheet today with the Creditors' Steering Committee, consisting of Asian Development Bank, Calyon, Commerzbank Aktiengesellschaft, DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, HSBC Bank plc, ING Asia Private Bank Limited, JPMorgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation Europe Limited and Wachovia Bank, N.A., outlining the terms of its proposed financial restructuring ("Restructuring") as envisaged by the Memorandum of Understanding dated 6th July 2009. The term sheet contains details of the different options that will be proposed to the Bank's creditors under the Restructuring to recapitalise the Bank and the basis by which JSC National Welfare Fund Samruk Kazyna will take control of the Bank. The term sheet is non-binding on any financial creditor and the Restructuring will be subject to various approvals, including the approval by the creditors' meeting pursuant to the applicable Kazakhstan law. The full text of the term sheet will be available on the Bank's website at www.albinvestorrelations.com in due course. In addition, the Bank announces that all interest (except default interest) and all late payment donations under Islamic facilities due and payable (as determined in accordance with contractual schedule) up to and including 8 September 2009 will be paid by the Bank on or before the business day immediately following the day the creditors' meeting to approve the Restructuring is held. With a view to preserving cash for the Restructuring, all interest that had accrued but was not payable on or prior to 8 September 2009 and all interest accruing after 8 September 2009 will form part of the relevant creditors' claims to be restructured. The Bank is not intending to pay any default interest prior to or in conjunction with the Restructuring. Details of the Restructuring timetable, including the date on which a creditors' meeting will be held, will be set out in an information memorandum to be delivered to the Bank's creditors in advance of such meeting. For additional information, please contact: Public relations Service Tel. +7 (727) 258 40 40 e-mail: pr@alb.kz website: www.alb.kz quotation end [2009-10-06]