Changes in the Management Board of Halyk Bank

14 October 2011

Changes in the Management Board of JSC Halyk Bank

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank" or the "Bank") (LSE: HSBK) hereby announces the following changes in the Management Board of Halyk Bank:

1. Mrs. Nailiya Abdulina, Deputy Chairperson of the Management Board of the Bank responsible for finance and accounting, will resign since 15 October 2011 in accordance with the Resolution of the Bank's Board of Directors #158 dated 7 October 2011;  

2. Mrs. Aliya Karpykova will be appointed as Deputy Chairperson of the Management Board of the Bank responsible for finance and accounting in accordance with the Resolution of the Bank's Board of Directors #158 dated 7 October 2011.

Mrs. Aliya Karpykova has worked in Kazakhstan banking system since 1992. She held various positions in Operational Division, Accounting and Budget Department and later became Deputy Head of Division on reforms in the second-tier banks of the National State Bank of the Republic of Kazakhstan. From 1996 to 1997 Mrs. Karpykova worked in Barents Group as advisor on USAID project on reform of accounting in the banking system of the Republic of Kazakhstan. From 1998 to 2001 she was Chief Accountant in Citibank Kazakhstan, from 2001 to 2004 - Managing Director and then First Deputy Chairperson of the Management Board of Nauryz Bank Kazakhstan. Mrs. Karpykova joined Halyk Bank in 2004 as Managing Director responsible for Risk Management. Between 2007 and 2010 she was Head of Risk Management. In 2010 she was appointed as Finance Director. Mrs. Karpykova is a graduate of Kazakh State University where she specialized in political economy.

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