OREANDA-NEWS. Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

Kazkommertsbank JSC (hereinafter – KKB) informs about the completion of the sale of 608,374,602,366 ordinary shares of BTA Bank JSC (hereinafter – BTA), representing 99.4187% of the total number of common shares of BTA.

These BTA shares were sold to the following KKB shareholders:

Mr. K. Rakishev– 299,211,380,223 shares (or 49.18% of BTA shares sold)

Mr. N. Subkhanberdin – 299,211,380,223 shares (or 49.18% of BTA shares sold)

Minority shareholders of KKB – 9,951,841,920 shares (or 1.64% of BTA shares sold).

After the sale of BTA shares, KKB has ceased to be a shareholder of BTA. These common shares of BTA were sold in accordance with, and within the framework of, the proposal made to KKB shareholders for KZT0.00001 per ordinary share.