OREANDA-NEWS. January 25, 2010. JSC Alliance Bank (the “Bank”) is pleased to announce that Option Election Forms are now available on its website at www.albinvestorrelations.com. A Notice of Option Election has also been sent to Euronoteholders (other than those holding Perpetual Securities) through the clearing systems describing the process by which they may select Options. A separate notice has been sent to the holders of Perpetual Securities through the clearing systems describing the steps they must take in order to receive their equity, reported the press-centre of Alliance Bank.

Claimants have until 5.00 pm (Almaty time) on 24 February 2010 (the “Option Election Date”) to submit an Option Election Form or Electronic Instruction (in the case of Euronoteholders). In relation to any Claimant who fails to submit an Option Election Form or Electronic Instruction, as the case may be, by this deadline the Bank reserves the right to allocate to such Claimant only equity in the Bank as consideration for the cancellation of its Claim.

Claimants should note that they are required to submit an Option Election Form or Electronic Instruction in order to receive their Entitlement under the Restructuring, even if such Option Election Form or Electronic Instruction is received after the Option Election Date. If such forms are not submitted, the Bank will not have sufficient information to enable it to distribute Entitlements to Claimants and, in due course, such Claimants’ Entitlements will revert to the Bank.

Creditors should submit Option Election Forms and direct any questions to the Bank at the below address:
Contact: Victoria Tyo

Tel: +7 727 258 4040 extension 52432

Fax: +7 727 259 8071

Email: gardenia.collection@alb.kz

Euronoteholders must arrange for their Direct Participants to submit Electronic Instructions through Euroclear or Clearstream. Euronoteholders should direct any questions to The Bank of New York Mellon, London Branch at the below address:

Contact: Corporate Trust Events Administration
 
Tel: +44 207 964 4958

Fax: +44 207 964 2356

Email: eventsadmin@bnymellon.com

Claimants are advised to read this press release in conjunction with the Information Memorandum of the Bank dated 5 November 2009 (as supplemented) which contains the terms of the Options available to Claimants. Terms used in this press release and defined in the Information Memorandum are used herein as so defined.

The Bank very much appreciates the strong support shown by its creditors during this difficult time and looks forward to the successful completion of the Bank’s restructuring.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States of America or to conduct a public offering of securities in the United States of America.

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.