DEVELOPMENT BANK OF KAZAKHSTAN TO MEET UP WITH PROSPECTIVE INVESTORS WITH REGARD TO PROPOSED INTERNATIONAL BONDS ISSUE

/KASE, November 30, 10/ - JSC Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" (Almaty), a stock market member of Kazakhstan Stock Exchange (KASE), provided KASE with the following communication today: quote The Development Bank of Kazakhstan, rated BBB- (S&P) / BBB- (Fitch) / Baa3 (Moody's), has mandated Citi, Deutsche Bank, J.P. Morgan and Halyk Finance to arrange a series of investor meetings commencing on December 1st, 2010, with a view to engaging investors on a new international bond offering some time in the future, subject to market conditions. FSA / ICMA Stabilisation. With inquiries and requests for details, please contact the following representatives of Halyk Finance: Farkhad Okhonov, tel. 8 (727) 330-01-52, fax 8 (727) 259-05-93, e-mail: FarhadO@halykbank.kz Aigerim Yussubalieva, tel. 8 (727) 244-65-37, fax 8 (727) 259-05-93, e-mail: AigerimUs@halykbank.kz Development Bank of Kazakhstan is an investment institution of the Government of the Republic of Kazakhstan engaged in financing industries not related with raw material sector. Development Bank of Kazakhstan is 100% owned by National Welfare Fund Samruk-Kazyna. Not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to U.S. persons, unless the securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States. This communication does not constitute an offer of securities to the public in the United Kingdom. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. unquote [2010-11-30]