Subsidiary Organization JSC VTB Bank (Kazakhstan) announces April 25, 2011 decisions of its Board of Directors

/KASE, May 4, 11/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty, hereinafter - the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that on April 25, 2011 its Board of Directors took the following decision: quote 1. An increase of the financing limit for a group of companies from KZT427,953,000 (four hundred twenty seven million nine hundred fifty three thousand) (equivalent of USD2,900,000 (two million nine hundred thousand)) up to not more than KZT1,382,725,000 (one billion three hundred eighty two million seven hundred twenty five thousand) (equivalent of USD9,500,000 (nine million five hundred thousand)) has been approved. 2. Amendments and additions # 5 to the Rules of "General Terms of Conducting Operations of Subsidiary organization of the Bank" have been approved. 3. Authorities of the existing members of the Bank's Committee on Assets and Liabilities Management have been terminated and a new composition of the Bank's Committee on Assets and Liabilities Management has been determined. 4. The term of authorities of the existing Corporate Secretary of the Bank has been prolonged. 5. Setting the financing limit for an LLP to the amount of not more than KZT1,000,000,000 (one billion) (equivalent of USD6,857,770 (six million eight hundred fifty seven thousand seven hundred seventy) has been approved. 6. Setting the financing limit for an LLP to the amount of not more than KZT1,420,137,900 (one billion four hundred twenty million one hundred thirty seven thousand and nine hundred) has been approved. With all inquires related to the above information, please turn to the Corporate secretary of SO Bank VTB (Kazakhstan) A. Mustafin, on the phone +7 727 330-41-34 unquote [2011-05-04]