Subsidiary Organization JSC VTB Bank (Kazakhstan) says Fitch Ratings affirmed its ratings

/KASE, February 15, 12/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of February 15, 2012: quote International rating agency Fitch Ratings on February 13, 2012 affirmed ratings it earlier assigned to Bank VTB (Kazakhstan). Hence, long-term issuer default ratings (IDR) in foreign and local currency were affirmed at "BBB-" ("BBB minus"), outlook "Stable". This level of IDR, in Fitch's view, reflects the high probability of Bank VTB's getting support from its sole shareholder - one the Russia's core bank, OJSC Bank VTB. Fitch also points out that the changes in Bank VTB's IDR will, most likely, correspond with changes in ratings of JSC Bank VTB. Hence, the "Stable" outlook on ratings of the subsidiary reflects the outlook on own ratings of the parent bank. The short-term IDR of Bank VTB (Kazakhstan) in foreign currency has been affirmed at "F3". The support rating has been affirmed at "2". The national rating has been affirmed at "AA(kaz)", outlook "Stable". Ratings on the senior unsecured debt: the long-term rating has been affirmed at "BBB-" ("BBB minus"), национальный рейтинг - на уровне "AA(kaz)". As the first deputy Chairman of Management Board, member of Bank VTB (Kazakhstan) Management Board, Aleksandr Kostiyan believes, Fitch's affirming the Bank's ratings at the previous high level speak about a considerable reliability of the financial institute: "In current economic circumstances, when warnings of w new spiral of the crisis are heard from very high tribunes, the main criteria for choosing the bank is its capability of withstanding stresses. Objective indicators of that capability are ratings from international rating agencies. And in this respect we have something to be proud of: ratings of Bank VTB (Kazakhstan) from the agency Fitch - ones of the highest in the republican banking sector. It means that our depositors can be absolutely sure about the safety of their deposits ". SB JSC Bank VTB (Kazakhstan) Press-service tel. (727) 330-40-72 fax (727) 330-40-50 E-mail: pr@vtb-bank.kz www.vtb-bank.kz unquote [2012-02-15]