OREANDA-NEWS. July 01, 2010.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA.

JSC Alliance Bank (the “Bank”) is very pleased to announce that on 25 June 2010 the Bank applied for the New Notes to be admitted to the official list of the Luxembourg Stock Exchange and traded on the Bourse de Luxembourg, which is the regulated market in Luxembourg, reported the press-centre of Alliance Bank.

On 28 June 2010 the following issue was listed / approved on the Luxembourg Stock Exchange:

USD615,138,114 10.5 per cent. Notes due 2017;

USD978,059 5.8 per cent. Notes due 2020; and

USD219,343,079 4.7 per cent. Notes due 2020 bearing interest at LIBOR plus 8.5 per cent. from 2017.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America.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.