Last checked at 10 Apr 2012 07:00
9 April 2012
Information for shareholders
on planned inclusion of additional item to the agenda
of the Annual General Shareholders' Meeting
of JSC Halyk Bank
Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank") (LSE: HSBK) hereby informs its shareholders about the intention to propose the Annual General Shareholders' Meeting (the "AGM") to be held on 19 April 2012 to include to the agenda the additional item on increase of the amount of reserve capital.
Announcement of the AGM and its agenda has been published on 6 March 2012 in Egemen Kazakhstan and Kazakhstanskaya Pravda newspapers, on the Bank's corporate website, as well as through the London Stock Exchange, the Kazakhstan Stock Exchange and the Depositary.
Further to explanations received from the National Bank of the Republic of Kazakhstan in relation to the methodology of formation of reserve capital, Halyk Bank plans to allocate additional KZT 258,408,000 from the retained earnings of previous years to increase the reserve capital (in addition to the amount which will be allocated to increase the reserve capital in accordance with the voting results on the second item of the AGM agenda). In this regard, Halyk Bank plans to propose at the AGM to include the additional item on increase of the amount of the Bank's reserve capital to the AGM agenda.
Herewith, according to Clause 43-4 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", the agenda can be expanded if the majority of shareholders (or their representatives) who participate at the general shareholders' meeting and collectively own not less than 95% of voting shares vote for the inclusion of the additional item. In such case, shareholders will have the right to vote on the additional item of the agenda.
Therefore, Halyk Bank asks the shareholders to note the above information and to take into consideration the possibility to vote on inclusion of additional item to the agenda, as well as on the additional item of the agenda ("On increase of the amount of the Bank's reserve capital").
For further information please contact:
Deutsche Bank Trust Company Americas (the Depositary)
Ms. Beverly George
Telephone: +1 212 250 1504 Fax: +1 732 544 6346E-mail: beverly.a.george-ny@db.com
Ms. Duewa T BrooksTelephone: +1 212 250 1305 Fax: +1 212 797 0327E-mail: duewa.t.brooks@db.com
JSC Halyk Bank
Ms. Assel Atinova
Head, Financial InstitutionsTelephone: +7 (727) 259 04 30
Fax: + 7 (727) 259 04 64
E-mail: asela@halykbank.kz