/KASE, November 22, 11/ - Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of November 22, 2011:

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Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank" or the "Bank") (LSE: HSBK) announces its intention to offer to buy back in the open market a part of issued preferred shares and preferred shares convertible into common shares of the Bank (the "Shares") at a price in the range from KZT 140 to KZT 145 per one Share for the total amount up to KZT 20 billion (the "Share buy-back").

The Share buy-back will be conducted through the Kazakhstan Stock Exchange in accordance with the legislation of the Republic of Kazakhstan. The Share buy-back will not constitute an execution of the option agreement on buy-back of preferred shares between Samruk-Kazyna and the Bank. The terms of the Share buy-back will be announced in due course.

JSC Halyk Finance is appointed to act as the financial advisor in relation to the Share buy-back.

Press service of Halyk Bank of Kazakhstan tel. +7 727 2 590 816, www.halykbank.kz

This announcement does not, and is not intended to, constitute or contain an offer to sell or a solicitation of an offer to purchase the Shares.

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[2011-11-22]