Press release in relation to preferred shares

22 May 2012

Press-release

in relation to preferred shares of

Joint Stock Company "Halyk Savings Bank of Kazakhstan"

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank" or the "Bank") (LSE: HSBK) hereby announces that it has been informed by JSC Holding Group Almex ("Almex"), its bank holding company, regarding the decision adopted on transfer to Halyk Bank of all its rights under the Option agreement in relation to preferred shares of Halyk Bank dated 22 April 2009 between Almex and JSC "National Wealth Fund "Samruk-Kazyna" ("Samruk-Kazyna"), including, but not limited to, preemptive right to buy back 196,232,499 preferred shares of the Bank purchased by Samruk-Kazyna in 2009.

Halyk Bank intends to exercise this right to buy back its preferred shares from Samruk-Kazyna in June-July 2012.

Additional information on the buy-back of preferred shares will be announced in due course.

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