/UPDATED/ HALYK FINANCE PROVIDED TO KASE OFFICIAL NOTIFICATION ON INDICATIVE PARAMETERS OF HALYK BANK OF KAZAKHSTAN INTERNATIONAL BONDS ISSUE

/KASE, January 19, 11/ - Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" (Almaty), which is a Joint Lead Manager for upcoming international bonds of Halyk Bank of Kazakhstan (Almaty), has provided to Kazakhstan Stock Exchange (KASE) an official notification on indicative parameters of upcoming Halyk Bank of Kazakhstan international bonds issue: quote Herewith Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" announces the following updated indicative parameters of upcoming Halyk Bank of Kazakhstan (the Issuer) international bonds issue. ------------------------------------------------------------------- Issuer's Name: Halyk Bank of Kazakhstan ---------------------------- -------------------------------------- Short description of bonds: Global bonds of senior unsecured debt, issued according to Rule 144А and Provision S ---------------------------- -------------------------------------- Face value of one security: $200,000 or larger face value, multiple of $1,000 ---------------------------- -------------------------------------- Expected ratings: B+ (S&P), B+ (Fitch) and Ba3 (Moody's) ---------------------------- -------------------------------------- Coverage: unsecured ---------------------------- -------------------------------------- Issue and service currency: US dollar ---------------------------- -------------------------------------- Issue total size: benchmark ---------------------------- -------------------------------------- Bonds circulation indicative 10 years term ---------------------------- -------------------------------------- Indicative yield to maturity rate at offering: 10 year mid-swap rate + 415-430 b.p. ---------------------------- -------------------------------------- Expected date of price defining: January 19, 2011 ---------------------------- -------------------------------------- Expected settlements date: January 28, 2011 ---------------------------- -------------------------------------- Expected date of the first coupon interest payment: July 28, 2011 ---------------------------- -------------------------------------- Expected maturity date: January 28, 2021 ---------------------------- -------------------------------------- Issue prospectus: bonds issue prospectus is available for prospective investors in English at Halyk Finance office ------------------------------------------------------------------- Details on the upcoming issue shall be available later. Please send your inquiries to the following contacts at Halyk Finance: Halyk Finance: Farkhad Okhonov, Head of Advising and Underwriting Department (tel. 8 (727) 330-01-52, fax 8 (727) 259-05-93, e-mail: farhado@halykbank.kz), Halyk Bank of Kazakhstan is one of the leading banks of the Republic of Kazakhstan with the largest number of clients and network of affiliates. The bank enters the Halyk Group financial group, which joins 13 affiliates providing wide range of services to the population and corporate clients, including representatives of small medium size businesses. This communication is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 (the "Securities Act"). The Securities have not been, and will not be, registered under the Securities Act and subject to certain exceptions, may not be offered or sold within the United States. The Securities will be offered and sold only (A) outside the United States in compliance with Regulation S under the Securities Act ("Regulation S"); or (B) to "Qualified Institutional Buyers" (within the meaning of Rule 144A under the Securities Act ("Rule 144A")) in reliance on the exemption from the registration requirements provided by Rule 144A. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (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 communication or any of its contents. unquote [2011-01-19]