JSC Halyk Bank: Preliminary Discussions with JSC Kazkommerzbank

JSC Halyk Bank / Miscellaneous - Medium Priority JSC Halyk Bank: Preliminary Discussions with JSC Kazkommerzbank 20-Jan-2017 / 11:33 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.

20 January 2017, Almaty

PRELIMINARY DISCUSSIONS WITH JSC KAZKOMMERZBANK

JSC Halyk Bank (hereinafter - the Bank) hereby declares that it has entered into preliminary discussions with JSC Kazkommerzbank (hereinafter - KKB) and the majority shareholder of KKB regarding a potential transaction.

Currently it is too early to comment on terms and conditions of a potential transaction, if one takes place.

When it comes to considering or entering into any potential transactions, the Bank adheres to the principles of commercially fair conditions in accordance with international standards, taking into account the interests of the Bank's shareholders and other stakeholders.

The Bank is a systemically important financial institution in the Kazakh market, with the highest credit ratings among the local commercial banks in Kazakhstan without foreign ownership. It is also the most profitable and stable bank in the country with rapidly growing assets, a sound credit portfolio whose quality is improving, as well as strong profitability*.

*according to regulatory reportingFor further information please contact:Halyk Bank

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