Results of buy-back of part of preferred shares

17 January 2012

Press release

on results of buy-back of part of preferred shares in the open market

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank" or the "Bank") (LSE: HSBK) informs that collection of applications for buy-back in the open market of part of issued preferred shares and preferred shares convertible into common shares of the Bank (the "Preferred shares") was finished on 30 December 2011.

Considering that the total volume and price of the Preferred shares applied for buy-back by shareholders did not meet the indicative volume and price announced by the Bank, the Bank made a decision not to exercise the buy-back of part of Preferred shares in the open market.

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 30 September 2011, Halyk Bank had total assets of KZT 2,240 billion and shareholders' equity of KZT 301 billion.

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