Kazkommertsbank Board of Directors decides to offer 132,950,000 common shares KZ1C00400016 (KZ000A0JC858, KKGB) with view to exercise by shareholders of preemptive purchase right

/KASE, December 31, 14/ – Kazkommertsbank JSC (Алматы), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote ... the Bank's Board of Directors at its meeting held on 31 December 2014 has decided to offer common shares of the Bank giving the opportunity to the shareholders to exercise the preemptive purchase right on the following terms: Number and type of securities being offered – 132,950,000 (one hundred thirty two million nine hundred fifty thousand) common shares of the Bank. Ratio of the number of outstanding (except for those bought back by the Company) common shares to the number of common shares being offered – 5.037297 (hereinafter – k coefficient). The number of shares which existing shareholders have the right to acquire within the pre-emption shall be determined by dividing the number of common shares owned by them as of the date of record by a factor of k. If it results in a fractional number the use is subject to an integer without decimal places. The offering price makes up KZT575.2 per common share and KZT1,150.4 per global depository receipt with the basic asset being common shares of the Bank. The offering price reflects the carrying value of shares as of 01 December 2014. The placement price is the same for all persons who acquire common shares within the given offering. List of shareholders with pre-emptive rights to purchase placed common shares is fixed in the register of holders of the Bank’s securities at 00 hours 00 minutes at 31 December 2014 (“hereinafter – the Record Date”). Shareholders can submit their application to purchase placed common shares under their pre-emptive rights within 30 calendar days from the date of shares offering announcement (“hereinafter – the Period”), i.e. until 30 January 2015, inclusively. The terms of the purchase of the placed common shares – the offer is made to the Bank’s shareholders of common shares, including holders of depositary receipts with the basic asset being common shares of the Bank, at the Record Date, as well as to investors in the following order: (1) Existing shareholders have equal rights to apply for the purchase of placed common shares of the Bank at the Offer Price, within the Period, in a number proportionate to the number of owned common shares. (2) Payment for the shares purchased under pre-emptive rights should be made by the shareholder within 30 calendar days from the submission of the application to purchase shares; (3) The execution of submitted applications and transfer of shares to shareholders will be done by the Bank after payment is made by the shareholders; (4) If a shareholder does not pay for the shares within 30 days after the application, the application is considered void; (5) After the Period the remaining common shares to a total of up to 127,777,704 common shares left unplaced after execution of pre-emptive rights by the shareholders will be offered to investors within 30 calendar days; (6) Applications from investors are accepted and processed based on the date of the application; if several applications are received in one day, they are accepted based on the receipt time of the application in accordance with the Order of subscription for securities issued by JSC Kazkommertsbank, as approved by the Board of Directors on June 16, 2009; (7) Payment for shares purchased by investors should be made within 10 calendar days from the date of the application; (8) The processing of submitted applications and the transfer of shares to investors will be carried out by the Bank after the payment is made by investors; (9) Once the shares are placed among the shareholders with pre-emptive rights and investors, the placement is considered to be closed. In the event that common shares remain unplaced after the placement is closed, the Board of Directors will decide regarding further placement of these common shares. Applications shall be submitted in the following order: • The shareholders of common shares shall submit their applications directly to the Bank (attn.: Ms. Mayra Saburova, Corporate Secretary, tel: +7 (727) 2-585- 221, email: MSaburova@kkb.kz ); • The holders of depository receipts with the basic asset being common shares of the Bank shall submit their applications via The Bank of New York, for the attention of the Central Depository through the bank – custodian of common shares being the basic asset for depository receipts. Detailed information for holders of global depository receipts will be distributed later. • Application forms are available on the Bank’s website at www.kkb.kz. Applications from shareholders shall be made in compliance with Rule #31 on the execution of shareholders’ rights for the pre-emptive purchase of securities of the joint-stock company, as approved by the Management Board of the National Bank of Kazakhstan on 13 February 2012. Notification to the shareholders shall be made via notification to The Bank of New York, the London Stock Exchange and Kazakhstan Stock Exchange, as well as by the publication of the announcement on the Bank’s corporate website. Contacts: Aliya Nursipatova, Alma Buirakulova, Investor Relations +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz Larissa Kokovinets, Public Relations +7 (727) 258-54-56, E-mail: pr@kkb.kz unquote [2014-12-31]