Jsc Halyk Reg S Regulatory News (HSBK)

02.02.2011

Halyk Bank Places Benchmark Eurobond Issue

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

Almaty, 2 February 2011 - On 28 January, 2011, Joint Stock Company 'Halyk Savings Bank of Kazakhstan' (Halyk Bank) (LSE: HSBK) placed a USD 500 million with 10 year maturity benchmark bond offering (Offering).

The Offering which was available to institutional investors inside the United States (in accordance with Rule 144A), internationally (in accordance with Regulation S), and in Kazakhstan, has a bullet maturity on 28 January, 2021 and bears a coupon of 7.25% pa. The Offering was priced at 98.263% and yield to investors was 7.5% pa.

The deal was well received in the market and was sold mostly to investors in the United States (51%), United Kingdom (28%), Europe (14%) and Kazakhstan (7%), with the largest portion being taken by fund managers (83%).

'We are pleased with the results of placement and express our sincere gratitude to all the investors who give credence to our Bank' said Umut Shayakhmetova, CEO of Halyk Bank. - One of the main objectives of this placement was to achieve a 10-year maturity for Eurobonds with a view to extending the medium term and to diversify funding sources of the Bank.

The Offering is the first public Eurobond from a commercial bank in Kazakhstan and it the first public transaction for a private sector CIS bank since May, 2008.

Citibank (Citi), Deutsche Bank (Deutsche Bank) and Halyk Finance acted as the joint-lead managers and joint bookrunners for the transaction.

Halyk Bank is rated by the three main international rating agencies: Moody's Investor Service (Ba2), Fitch Ratings (B+) and Standard&Poor's (B+). As at 30 September, 2010, total consolidated assets of Halyk Bank were KZT 2,064 billion and total shareholders' equity was KZT 309 billion. Net income for the nine months ended 30 September, 2010, was KZT 26.0 billion.

For further information please contact:

Zhanarа Aikimbayeva JanarA@halykbank.kz +7 727 259 07 96

Assel Atinova AselA@halykbank.kz +7 727 259 04 30

This announcement does not constitute or form part of any offer to sell or solicitation of an offer to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.