Subsidiary Organization JSC VTB Bank (Kazakhstan) announces October 16, 2012 decisions of its Board of Directors

/KASE, October 23, 12/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE) are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that on October 16, 2012 its Board of Directors by way of absentee voting took the following decisions: quote 1. On electing the secretary of meeting of the Bank's Board of Directors. The decision was taken unanimously - the secretary of meeting of the Bank's Board of Directors was elected. 2. On fixing the maximum amount of payment to the auditing firm conducting audit of the Bank for 2012. The decision was taken unanimously - the maximum amount of payment to the auditing firm conducting audit of the Bank for 2012 was fixed. 3. On approval of setting of individual tariffs for trade finance for a legal entity. The decision was taken unanimously - Setting of individual tariffs for trade finance for a legal entity was approved. 4. On approval of concluding of a deal with a person related to the Bank by a special relationship. The decision was taken unanimously - The decision was taken unanimously - Concluding of a deal with a person related to the Bank by a special relationship was approved. 5. On approval of setting of individual tariffs for trade finance for a legal entity. The decision was taken unanimously - Setting of individual tariffs for trade finance for a legal entity was approved. 6. On approval of concluding of a deal with a person affiliated with the Bank. The decision was taken by a simple majority of votes of members of the Bank's Board of Directors not interested in concluding the deal. Conclusion of the non-arm's length deal with a person affiliated with the Bank was approved. 7. On approval of "Rules of internal control of disposal and use of insider information of SB JSC Bank VTB (Kazakhstan)". The decision was taken unanimously - The "Rules of internal control of disposal and use of insider information of SB JSC Bank VTB (Kazakhstan)" were approved. 8. On approval of concluding of deals with a person affiliated with the Bank. The decision was taken by a simple majority of votes of members of the Bank's Board of Directors not interested in concluding the deal. Conclusion of the non-arm's length deals with a person affiliated with the Bank was approved. unquote [2012-10-23]