Publication of Prospectus

28 January 2011

Joint Stock Company 'Halyk Saving Bank of Kazakhstan'

 Publication of Prospectus

Joint Stock Company "Halyk Savings Bank of Kazakhstan" (the "Bank") (LSE: HSBK) hereby announces that the following Prospectus has been approved by the UK Listing Authority and is available for viewing:

JSC Halyk Bank U.S.$500,000,000 7.25 per cent. Notes due 2021

The prospectus is available for viewing at the offices of the Bank (109 "V" Abay Avenue, Almaty 050008, Kazakhstan), Deutsche Bank AG, London Branch (Winchester House, Great Winchester Street, London EC2N 2DB, United Kingdom) and the National Storage Mechanism.

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein. By accessing this document, you will be deemed to certify that you are located outside the United States and are not accessing the Prospectus from a location inside the United States.

Your right to access this service is conditional upon complying with the above requirement.