Creditors of BTA Bank (Kazakhstan) to meet and discuss further restructuring May 28

/KASE, May 5, 10/ - BTA Bank (Almaty), bonds of which are listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated May 5, 2010: Quotation begins Today BTA Bank informed - the Creditors' meeting will be held on May 28, 2010 to discuss the financial debt restructuring plan (the Restructuring plan). BTA Bank on May 1, 2010 released the Information Memorandum with details on the Restructuring plan and data for creditors on procedures of voting on the Restructuring plan and presentation of related claims. This Information Memorandum is released at www.bta.kz/en/investor. According to the Restructuring plan, claims of financial creditors will be restructured and the majority of creditors will receive cash and new securities of the bank. Details on restructuring of the debt are specified in the Information Memorandum. The Restructuring plan specifies approval of at least two third of creditors claiming debt subject to restructuring. The bank informed on the meeting of holders of Eurobonds of TuranAlem Finance B.V. (the Eurobond holders), scheduled for May 7, 2010, and rescheduling of the date of an extraordinary meeting of shareholders of BTA Finance Luxembourg SA to May 25, 2010. The Eurobond holders must decide on approval of the Restructuring plan and authorize the Trust holder voting on their behalf at the Creditors' meeting. Shareholders of BTA Finance Luxembourg S.A. must decide on approval of the Restructuring plan at the Creditors' meeting. Instructions on participation in the meetings are specified in the Information Memorandum. Eurobond holders that have not been informed on the Creditors' meeting must contact their custodians or other direct members of Euroclear or Clearstream. The notifications contain instructions for Eurobond holders. Holders of preferred termless securities of BTA Finance Luxembourg S.A. that have not been notified on the rescheduled general meeting of shareholders, must contact their custodians or other direct members of Euroclear or Clearstream. The notifications for shareholders contain instructions on the extraordinary general meeting and steps to be taken by holders. BTA Bank is informing its creditors - the Restructuring plan, detailed in the Information Memorandum, and terms or issue and distribution of the securities of BTA Bank differ from the plan specified in the Agreement on terms of financial debt restructuring signed April 18, 2010 between BTA Bank and the Creditors' Committee. Thus, creditors must make decisions on the basis of the Restructuring plan specified in the Information Memorandum, not in the Agreement on terms of financial debt restructuring. Media Contact: tel. +7(727) 312 24 26, 266 47 97, 250 53 78 e-mail: pr@bta.kz www.bta.kz Ends [2010-05-05]