OREANDA-NEWS. Joint-Stock Company Kazkommertsbank ("The Bank") announces that its Board of Directors at its meeting held on 31 December 2014 has decided to place 132,950,000 common shares. The offer price ("Offer Price") for the common shares to be placed is 575.2 tenge per common share and 1,150.4 tenge per global depository receipt (GDR) with the basic asset being common shares of the Bank.

Kazkommertsbank's existing shareholders are able to exercise their pre-emptive rights to purchase common shares of the Bank on the following terms:

The ratio of the number of placed common shares (less shares bought back by the Bank) to the number of common shares to be placed is 5.037297 ("k ratio").

List of shareholders with pre-emptive rights to purchase placed common shares is fixed in the register of holders of the Bank's securities at 00 hours 00 minutes at 31 December 2014 ("Record Date").

Shareholders can submit their application to purchase placed common shares under their pre-emptive rights within 30 calendar days from the date of this announcement ("The Period"), i.e. until 30 January 2015, inclusively.

The terms of the purchase of the placed common shares are as follows: the offer is made to the Bank's shareholders of common shares, including holders of depositary receipts with the basic asset being common shares of the Bank, at the Record Date, as well as to investors in the following order:

(1) Existing shareholders have equal rights to apply for the purchase of placed common shares of the Bank at the Offer Price, within the Period, in a number proportionate to the number of owned common shares.

(2) Payment for the shares purchased under pre-emptive rights should be made by the shareholder within 30 calendar days from the submission of the application to purchase shares;

(3) The execution of submitted applications and transfer of shares to shareholders will be done by the Bank after payment is made by the shareholders;

(4) If a shareholder does not pay for the shares within 30 days after the application, the application is considered void;

(5) After the Period the remaining common shares to a total of up to 127,777,704 common shares left unplaced after execution of pre-emptive rights by the shareholders will be offered to investors within 30 calendar days;

(6) Applications from investors are accepted and processed based on the date of the application; if several applications are received in one day, they are accepted based on the receipt time of the application in accordance with the Order of subscription for securities issued by JSC Kazkommertsbank, as approved by the Board of Directors on 16.06.2009;

(7) Payment for shares purchased by investors should be made within 10 calendar days from the date of the application;

(8) The processing of submitted applications and the transfer of shares to investors will be carried out by the Bank after the payment is made by investors;

(9) Once the shares are placed among the shareholders with pre-emptive rights and investors, the placement is considered to be closed. In the event that common shares remain unplaced after the placement is closed, the Board of Directors will decide regarding further placement of these common shares.

Applications shall be submitted in the following order:

The shareholders of common shares shall submit their applications directly to the Bank (attn.: Ms. Mayra Saburova, Corporate Secretary, tel: +7 (727) 2-585-221, email: MSaburova@kkb.kz);

The holders of depository receipts with the basic asset being common shares of the Bank shall submit their applications via The Bank of New York, for the attention of the Central Depository through the bank - custodian of common shares being the basic asset for depository receipts. Detailed information for holders of global depository receipts will be distributed later.

Application forms are available on the Bank's website at www.kkb.kz.

Applications from shareholders shall be made in compliance with Rule #31 on the execution of shareholders' rights for the pre-emptive purchase of securities of the joint-stock company, as approved by the Management Board of the National Bank of Kazakhstan on 13 February 2012.

Notification to the shareholders shall be made via notification to The Bank of New York, the London Stock Exchange and Kazakhstan Stock Exchange, as well as by the publication of the announcement on the Bank's corporate website.