Kazkommertsbank (Kazakhstan) informs that Central Asian Investment Company and Alnair Capital holding obtained permissions to hold significant stakes in the Bank capital

/KASE, February 14, 13/ – Kazkommertsbank (Almaty), securities of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of February 14, 2013: quotation Joint Stock Company Kazkommertsbank informs, that the National Bank of the Republic of Kazakhstan granted permissions to hold significant stakes in the Bank’s capital to banking holdings Central Asian Investment Company and Alnair Capital Holding. The mentioned permissions do not affect the control over the Bank and impose no changes to the shares of bank holdings in the capital of the Bank. These permissions were granted in accordance with transitional provisions of the Law «On introduction of changes and additions to some legislative acts of the Republic of Kazakhstan on regulation of banking activities and financial organizations, in regard risk mitigation». According to the Law the Bank’s shareholders having statuses of holding companies should also have permission to hold significant stakes in the Bank’s capital. Therefore such shareholders must apply to the National Bank to receive the permissions not later than 1 January 2013. Taking into account that both of the bank holding companies possess substantial stakes in the bank’s capital (hold more than 20 % of voting shares), the National Bank of Kazakhstan subject to the above-mentioned Law has extended permissions for significant holding in the bank’s capital to JSC «Central-AsianInvestment Company », JSC «Alnair Capital Holding» based on their applications. ends [2013-02-14]