NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY ANNOUNCES UPCOMING MEETINGS WITH PROSPECTIVE EUROBONDS INVESTORS IN KAZAKHSTAN

/KASE, May 16, 14/ – Halyk Bank of Kazakhstan Subsidiary Halyk Finance (Almaty), Kazakhstan Stock Exchange (KASE) member, provided today to KASE the following information message: quotation NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN JSC “National Company “Kazakhstan Temir Zholy” (JSC “NC “KTZ”), rated Baa3 (Positive) by Moody’s, BBB- (Stable) by S&P and BBB (stable) by Fitch, has mandated Credit Suisse, Deutsche Bank, HSBC, and UBS as Joint-Lead Managers and Joint Bookrunners, Halyk Finance as Joint-Lead Manager and Kazakhstan Bookrunner as well as Tsesna Capital as Co-Manager for investor meetings in Kazakhstan and Switzerland, commencing on 20 May 2014. An inaugural Reg S CHF denominated senior unsecured transaction may follow, subject to market conditions. JSC Halyk Finance and JSC Tsesna Capital inform that a presentation for prospective Kazakhstani investors will be held on 20 May, 2014 in Almaty at 15:00 Almaty time at the premises of Halyk Bank located at: 109 "B", Abai Ave., 1th floor, Block 10. To get additional information and to register for this presentation, please contact the following representatives of JSC Halyk Finance and JSC Tsesna Capital: Farkhad Okhonov, tel. 8 (727) 330-01-52, fax 8 (727) 259-05-93, e-mail: F.Okhonov@halykfinance.kz Oleg Khvan, tel. 8 (727) 330-09-82, fax 8 (727) 259-05-93, e-mail: O.Khvan@halykfinance.kz Artem Kolmogorov, tel. 8 (727) 330-62-14, fax 8 (727) 259-05-93, e-mail: A.Kolmogorov@halykfinance.kz Anuar Zhakupov, tel. 8 (727) 311-56-75, fax 8 (727) 311-56-75, e-mail: Zh_Anuar@tscapital.kz JSC “NC “KTZ” is a holding company carrying out such activities as performing the function of the national railways operator, as well as passenger and cargo transportation. JSC “NC “KTZ” is wholly owned by JSC “Sovereign Wealth Fund Samruk-Kazyna.” Neither this announcement nor any copy of it may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada, or Japan. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of this announcement and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act of 1933, as amended), absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). None of the securities referred to herein has been or will be registered under the Securities Act, and there will be no public offering of any securities in the United States. This announcement is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19 (1) of the Financial Services and Markets Act 2000, (Financial Promotion) Order 2005 (the "Order"), or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This communication is distributed in any member state of the European Economic Area which applies Directive 2000/71/EC (this Directive together with any implementing measures in any member state, the "Prospectus Directive") only to those persons who are investment professionals for the purposes of the Prospectus Directive in such member state, and such other persons as this document may be addressed on legal grounds, and no person that is not a relevant person may act or rely on this document or any of its contents. A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. ends [2014-05-16]