Kazkommertsbank AO : Kazkommertsbank JSC announces Extraordinary General Shareholders Meeting

20.01.2014

January 20, 2014

The Board of Directors of Kazkommertsbank ("the Bank") 135zh, Gagarin Ave., 050060, Almaty, Kazakhstan, decided at its meeting on the 17th January 2014 that it will hold Extraordinary General Shareholders Meeting (EGM).

The EGM will be held on 21 February 2014 at 11.00 am (Almaty time) at 34 Al-Farabi avenue, Almaty, Kazakhstan. Shareholder registration will commence at 10.30 am on the 21 February 2014. In case the EGM is cancelled the next meeting will be held on 24 February 2014 at 11.00 am (Almaty time) at 34 Al-Farabi avenue, Almaty, Kazakhstan. The list of the shareholders that are eligible to participate in the EGM will be compiled according to the Bank shareholder register data system as of 20 January, 2014.

Agenda:
(1) Approval of the Agenda of the Extraordinary General Shareholders Meeting;
(2) Determination of the payment date for the dividends on preferred shares
(3) Approval of remuneration to members of the Board of Directors;

Shareholders may familiarize themselves with the materials presented for discussion at the EGM by contacting the Bank no later than 10 days before the meeting: phone # [phone] and address: Room 313, 34 Al-Farabi avenue, Almaty, Kazakhstan.

The shareholders that hold depositary receipts should provide the following data to The Bank of New York before 14 February 2014 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) If there are no data on shares held by nominees and owned by its holder entered in to the record keeping system of the Central Depository of Kazakhstan, they are not 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 October 02, 2008, cannot participate at the shareholders Annual General meetings.

Enquiries:

Mayra Saburova, Corporate Secretary
[phone], E-mail: [e-mail]

Aliya Nursipatova, Investor Relations
[phone], E-mail: [e-mail]

Larissa Kokovinets, Public Relations
[phone], 258-53-92, E-mail: [e-mail]

Summary of agenda items:

First agenda item: it is proposed to approve the Agenda which was approved by the Board of Directors of the Bank at the AGM.

Second agenda item: General Shareholders Meeting annually determines the date of payment for the dividends on the Bank's preferred shares. The size of a dividend is fixed and is mentioned in the Prospectus for the shares (US$ 0.04 per share). The shareholders will be offered to set the dividend payment date on 12 December 2014; the completion date for the list of shareholders eligible for payment of dividends on preference shareholders - 12 November 2014.

Third agenda item: materials will be provided upon request of shareholders within a period defined by the legislation at: 34, Al-Farabi ave., (office No.313), Almaty. Phone: [phone].

The Board of Directors recommends that the shareholders vote "For" all agenda items.

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