OREANDA-NEWS. September 4, 2007. JSC Kazkommertsbank (“Kazkommertsbank”) is pleased to announce that it hassigned a new syndicated trade related term loan facility yesterday for US$600 million. The transaction was arranged by the following Initial Mandated Lead Arrangers:

Bank of Tokyo-Mitsubishi UFJ, Ltd.
Citibank, N.A.
Mizuho Corporate Bank, Ltd.
Standard Bank Plc.

The syndication was launched on 20th July, 2007 for an initial launch amount of US$400 million. The facility was extremely well received by the market and the initial launch amount was heavily oversubscribed, resulting in lenders’ commitments being scaled back to a final aggregate amount of US$600 million.

Mr. Timchenko, Managing Director of KKB is quoted as saying, “The current transaction has justified our expectations and we are grateful to all of the banks which entered the deal for showing their support and cooperation. Our special thanks to the IMLAs whose professionalism and experience resulted in the close of a very successful transaction”.

Kazkommertsbank (www.kkb.kz) is the largest bank in Kazakhstan. It is ranked fourth in CIS in terms of net assets, behind Russian Sberbank, Gazprombank and Vneshtorgbank. In the first quarter of 2007, assets of Kazkommertsbank increased by 4.5% amounting to KZT 2 555 billion or US$20.6 billion. Kazkommertsbank has subsidiaries in Kyrgyzstan and Russia, it is the majority shareholder in the Grantum pension fund, Kazkommerts-Policy and Kazkommerts-Life companies, as well as the Kazkommerts-Securities and Kazkommerts RFCA investment companies, is a principal shareholder of pension fund Ularumit and asset management company
Jetysu.