/KASE, March 20, 13/ – BTA Bank (Almaty), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of March 19, 2013:

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The English High Court has today handed down further judgments in favour of BTA at the conclusion of a series of trials which commenced in November 2012.

In November 2012, the High Court granted judgment against Mr. Ablyazov in the amount of US $2 billion plus interest, in what are known as the “Drey” and “DCM” proceedings. At the same time, the Court granted judgment against Roman Solodchenko, former Chairman of BTA's Management Board, in the amount of approximately US $400 million in the “Drey” proceedings.

In his decision delivered today, Mr. Justice Teare granted judgments in the “Drey”, “Granton” and “Vitino” actions against:

1. Zhaksylyk Zharimbetov (former Deputy chairman of the Bank's Management Board) in the amount of approximately US $1.5 billion, plus interest in the “Drey” and “Granton” actions;

2. Usarel Investments Limited (a Cyprus company which owns, indirectly, the valuable Vitino port facility on the White Sea in Russia) requiring Usarel to transfer to BTA shares in the companies which own and operate the port and to compensate BTA in the event that the value of those shares does not exceed US $120 million, plus interest; and

3. Ildar Khazhaev (former Head of the Bank's representative office in Moscow) to compensate BTA to the extent that the value of the abovementioned Vitino shares is less than US $120 million, plus interest.

Mr. Justice Teare also indicated today that he will grant further judgments in BTA's favour against Mr. Ablyazov (in the “Vitino” and “Granton” actions). These further judgments are expected to exceed approximately US $1.5 billion.

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The press release full version is available on KASE website at:

• see more – in Russian;
• see more – in English.

[2013-03-20]