OREANDA-NEWS.   Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

"...Dear shareholders of Kazkommertsbank, Kenes Rakishev, a citizen of the Republic of Kazakhstan, residing at 78 Gornaya St., Medeu District, Almaty, Republic of Kazakhstan, who owns 344,129,532 Kazkommertsbank ("Bank") common shares, NIN KZ1C00400016, hereby, in accordance with clause 3 of Article 25 of the Joint Stock Companies Act of the Republic of Kazakhstan ("JSC Act"), proposes to the rest of the Bank's shareholders (holders of common and preferred shares) to sell the Bank shares owned by them ("Shares") at KZT211.4978 per ordinary Share, which is the weighted average market price prevailing based on the trading results on Kazakhstan Stock Exchange 30 days prior to the date of publication of this proposal, as well as at KZT79 per preferred share, which is the weighted average market price prevailing based on the trading results on Kazakhstan Stock Exchange 30 days prior to the date of publication of this proposal.

In case you agree to sell your shares to K.Rakishev at the specified price, please send your written consent ("Statement"), according to the form below within 30 calendar days following the date of publication of this proposal."