Subsidiary Organization JSC VTB Bank (Kazakhstan) Board of Directors decides to offer 1,100,000 common stocks at KZT10,000 per share in view of shareholders' preferred purchase right

/KASE, May 30, 11/ - Subsidiary Organization JSC VTB Bank (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote Subsidiary Organization JSC VTB Bank (Kazakhstan) (hereinafter - the Bank) ... announces that on May 20, 2011 the Bank's Board of Directors took a decision on offering of additional authorized common shares of the Bank, whose issue was registered by the National Bank of the Republic of Kazakhstan on April 19, 2011 under No. А5706, within the number of authorized shares. Type of shares being placed - common shares. Number of shares being placed and procedure for their payment - 1,100,000 common shares; payment for shares is executed exclusively in the national currency of the Republic of Kazakhstan by way of transferring to the bank's transit account. Offering price - KZT10,000 per common share. Offering method - by way of announcing subscription on the unorganized stock market in accordance with the legislation of the Republic of Kazakhstan. Ratio of shares placed (minus those bought back by the Bank) to shares being placed - 900,000:1,100,000 (0.81818181818:1) Terms of purchase of shares being placed (sold) - the Bank's shareholders may purchase shares being placed on equal terms pro rata to their holdings in time and order set by the legislation of the Republic of Kazakhstan. The term within which a shareholder can file a request for purchase of shares being placed (sold) under the pre-emptive purchase right, equals to thirty calendar days after this communication appears in mass-media. The list of shareholders enjoying the right to preferred purchase of the Bank's shares being placed has been fixed based on the Bank's securities holders register as of May 20, 2011, 00:00 o'clock. Investors can purchase shares being placed in time and order set by the legislation of the Republic of Kazakhstan. The shares issue prospectus is available at Subsidiary Organization JSC VTB Bank (Kazakhstan), Timiryazev str., 28 B, Almaty 050040, Republic of Kazakhstan, contact person: Member of the Management Board Andrey Vargas, tel. +7 (727) 330-40-45. Request of a shareholder (investor) of the Bank for purchase of shares being placed drawn up in written is to be sent by registered mail along with handing-in notice or presented by the shareholder in person or his representative to Subsidiary Organization JSC VTB Bank (Kazakhstan), Timiryazev str., 28 B, Almaty 050040, Republic of Kazakhstan, contact person is Lemzar Lugma, tel. +7 (727) 330-40-94. unquote [2011-05-30]