OREANDA-NEWS. August 19, 2014. Joint-Stock Company Kazkommertsbank (“KKB” or the “Bank”) (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces that in accordance with the Option Agreement in respect of JSC Kazkommertsbank as of 15 January 2009 signed between JSC Samruk-Kazyna, JSC Central-Asian Investment Company, Mr. N.S. Subkhanberdin, JSC Alnair Capital Holding and the Bank (the “Option Agreement”), the Bank intends to exercise its right to buy the second part of the Bank’s common shares owned by JSC Samruk-Kazyna based on the terms of the Option Agreement and in accordance with the legislation of the Republic of Kazakhstan.

In accordance with clause 1 of Article 26 of the Law #415-II on Joint-Stock Companies of the Republic of Kazakhstan as of 13 May 2013, the Bank also extends the offer to other minority shareholders (holders of common shares), to buyback common shares of the Bank on the following terms.

The total amount of the Bank’s common shares announced for buyback (the “Shares”) will not exceed 57,000,000 common shares at the price of 475.3667 tenge per one common share. One Global Depositary Receipt (“GDR”) equals to two common Shares. The price for one GDR is fixed at 950.7334 tenge.

The Buy Back Acceptance Notice (the “Notice”) should be made in compliance with the required form available at the web-site of the Bank, and must be submitted to the Bank. The form of Notice is available in hard copy from the head office of the Bank at the following address: 34A Al-Farabi avenue, Almaty, or in any of the Bank’s branch offices in Kazakhstan.