Exercise of option for common shares of Halyk Bank

30 March 2011

Exercise of option for common shares of JSC "Halyk Bank"

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank") (LSE: HSBK) hereby informs its shareholders on the intention to exercise a call option under the call option agreement in respect of Halyk Bank dated 15 January 2009 ("Option Agreement") between Holding Group Almex JSC and JSC "National Wealth Fund "Samruk-Kazyna" ("Samruk-Kazyna") in respect of 213,000,000 common shares of Halyk Bank at a price of KZT 126.8 per common share. The repurchase of common shares by Halyk Bank from Samruk-Kazyna will be conducted during the period from 30 March 2011 until 31 March 2011 under the terms of the Option Agreement and in accordance with legislation of the Republic of Kazakhstan.

About Halyk Bank

Halyk Bank is one of Kazakhstan's leading financial services groups and a leading retail bank with the largest customer base and distribution network among Kazakhstan banks. The Bank is developing as a universal financial group offering a broad range of services (banking, pensions, insurance, leasing, brokerage and asset management) to its retail customers, small and medium enterprises and corporate clients. As at 1 January 2011, Halyk Bank had total assets of KZT 2,098 billion and shareholders' equity of KZT 318 billion.

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