OREANDA-NEWS. The Board of Directors of Kazkommertsbank (“the Bank”) decided at its meeting on the 16th April that it will hold its Annual General Meeting (AGM) on 24 May 2010 at 11.00 am (Almaty time) at 135zh, Gagarin St., Almaty, Kazakhstan. Shareholder registration will commence at 10.30am on the 24 May 2010, reported the press-centre of Kazkommertsbank.

The list of shareholders eligible to take part in the AGM will be based on the Bank’s shareholder register as of 23 April 2010.

Agenda:
(1) The Management Board’s report on the Bank’s activities in 2009;

(2) Approval of the 2009 audited annual financial statements of the Bank;

(3) Net profit distribution for 2009:

3.1. dividends on common shares of the Bank;

3.2. date of payment of dividends on preferred shares of the Bank;

3.3. reserve capital of the Bank;

3.4. 2009 net profit distribution for 2008.

(4) Approval of the independent auditor of the Bank for 2010;

(5) Approval of the remuneration of the members of the Board of Directors of the Bank for 2010;

(6) Information to shareholders on the amount and structure of the remuneration of the members of the Board of Directors and Management Board of the Bank in 2009;

(7) Extension of the term for Mr. M. Yerzhanov, an independent director of the Bank;

(8) Approval of the amendments and additions #4 to the Charter of the Bank;

(9) Approval of the amendments and additions #4 to the Corporate Management Code of the Bank;

(10) Approval of the new edition of the Regulations for the Board of Directors of the Bank;

(11) Consideration of any shareholders’ appeals to the Bank regarding its actions in 2009, and the results of such consideration.

Shareholders may familiarize themselves with the materials presented for discussion at the AGM by contacting the Bank no later than 10 days before the meeting: phone # 00 7 3272 585 221 and mail – Room 104, 135zh, Gagarin St., Almaty, Kazakhstan, 050060.

The shareholders that hold depositary receipts should provide the following data to The Bank of New York before 18 May 2010 to participate in the AGM:

Name of the shareholder;

Citizenship / Origin of the shareholder, type of document used to identify the owner and document entries;

 Number of shares held by the owner, and

Letter of Attorney for their representative at The Bank of New York to authorize that representative to take part and vote in the general shareholders’ meeting.

The Bank would like to remind the shareholders that:
(1) The shares held by nominees need to be registered with the Central Depository of Kazakhstan to be eligible to vote according to the Law on Joint Stock Companies;

(2) According to the clauses 5 and 5-1 of Article 17 of the Law on Banks and Banking Activities in Kazakhstan, the legal entities registered in offshore zones or having affiliates registered in the offshore zones or the individuals, which are participants (founders, shareholders) of the legal entities registered in the offshore zones, included in the list of offshore zones for the purposes of the banking, insurance, brokerage activities and other licensed types of capital markets, pension funds and joint investment funds activity, approved by the Decree of the Financial Supervision Agency #145 as of 2nd October 2008, cannot participate at the shareholders Annual General meetings.

In case of cancellation, the AGM will be rearranged for 11.00 am on the 25 May 2010 at 135zh, Gagarin St., Almaty, Kazakhstan.