Subsidiary Bank Sberbank of Russia (Kazakhstan) informed that Fitch Ratings assigned ratings to its bonds KZ2C0Y07D816 and KZ2C0Y09D820

/KASE, August 23, 10/ - Subsidiary Bank Sberbank of Russia (Almaty), bonds of which are listed in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release: quotation starts Fitch Ratings has assigned a long-term local currency rating of "BB +" and the national long-term rating of "AA-(kaz)" the two issues of subordinated debt of a subsidiary bank of JSC "Sberbank" and a long-term issuer default rating (IDR) in the national currency "BBB-" and the national long-term rating of "AA (kaz)",. As indicated, bonds series 1 have a fixed interest rate of 9% and maturity in 2017. The interest rate on bonds of series 2 is 10% in the first year and then set every six months based on the annual inflation rate plus a premium of one percentage point, with an upper limit at 10% and the lower limit of 4%. SB Sberbank of Russia For information Tatyana Shebchenko Tel.: +7 (727 266 80 79 Mobile.: +7 777 618 10 13 e-mail: press@sberbank.kz quotation ends [2010-08-23]