ON DECEMBER 3, PRESENTATION SHALL BE HELD FOR PROSPECTIVE KAZAKHSTAN INVESTORS UNDER DEVELOPMENT BANK OF KAZAKHSTAN IMPLEMENTED ROAD SHOW OF ITS EUROBONDS ISSUE

/KASE, December 1, 10/ - Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance (Almaty), a joint manager of upcoming issue of international bonds of Development Bank of Kazakhstan, provided to KASE the following information: quotation starts Development Bank of Kazakhstan, rated BBB- (S&P) / BBB- (Fitch) / Baa3 (Moody's), announces launching of a road show for prospective investors on December 1, 2010 in Europe, Kazakhstan and United States of America before offering of its Eurobonds in compliance with Regulations S/Rules 144A under its mid-term notes issue Program in the size of USD2 bn. "Citi", "Deutsche Bank", "J.P. Morgan" and JSC "Halyk Finance" are joint leading managers on this deal. JSC Halyk Finance announces the presentation for prospective Kazakhstan investors under the road show in Kazakhstan. The presentation shall be held on December 3 in Almaty at 15.00 Almaty time at Halyk Bank of Kazakhstan building: 109 "B" Abai Ave., 5th floor, room 503. The expected date of orders collection from interested Kazakhstan investors through Kazakhstan Stock Exchange - not earlier than December 7, 2010 (a deal execution time depends on market conditions). Additional information on Eurobonds issue and orders submission time, orders form and their submission methods shall be published later. 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 Stanislav Lee, tel. 8 (727) 330-01-52, fax 8 (727) 259-05-93, e-mail: StanislavL@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. quotation ends [2010-12-01]