Jsc Halyk Reg S Regulatory News (HSBK)

25 April 2012

Joint Stock Company 'Halyk Savings Bank of Kazakhstan'

Resolutions adopted at the Annual General

Shareholders' Meeting held on 19 April 2012

Following the Annual General Shareholders' Meeting held on 19 April 2012, the Board of Directors of JSC Halyk Bank (LSE: HSBK) hereby announces resolutions adopted at the Annual General Shareholders' Meeting.

The agenda of the Annual General Shareholders' Meeting has been amended, supplemented and approved, as proposed by the Board of Directors of JSC Halyk Bank, by a majority of votes of shareholders (and their representatives) participated at the Annual General Shareholders' Meeting and jointly holding not less than 95% of voting shares of JSC Halyk Bank.

The following resolutions on items of the agenda have been adopted:

1. JSC Halyk Bank's annual financial statements for the year ended 31 December 2011 together with the independent auditor's report was approved by a simple majority of votes.

2. The distribution of the Bank's net income for the year 2011 was approved by a simple majority of votes as follows:

·; part of net income amounting to KZT 5,242,737,722.88 to be allocated for payment of dividends on preferred shares of JSC Halyk Bank (NIN KZ1Р33870117) and preferred shares convertible to common shares of JSC Halyk Bank (NIN KZ1Р33870216), in the amount stipulated by Prospectus on issue of shares of JSC Halyk Bank and in the order stipulated by the authorized body of JSC Halyk Bank (including the amount of taxes payable under the legislation of the Republic of Kazakhstan);

·; part of net income amounting to KZT 3,307,581,000 to be allocated to increase reserve capital of JSC Halyk Bank subject to minimum reserve capital not less than the sum of the following:

- actual reserve capital which was formed in the previous reporting period;

- part of the Bank's retained earnings before payment of dividends on common shares which is equal to multiplication of the Bank's retained earnings before payment of dividends on common shares by the ratio of growth of assets and contingent liabilities, which are subject to classification, for the previous year to the amount of assets and contingent liabilities, which are subject to classification, as of the beginning of the previous year, but not less than 0.1 and not more than 1.

·; dividends on common shares of JSC Halyk Bank as per results of operations of JSC Halyk Bank for 2011 shall not be accrued and paid;

·; the remaining part of net income to be allocated to retained earnings.

2-1. The increase of reserve capital by KZT 258,408,000 from the retained earnings of previous years and formation of reserve capital in the amount of KZT 48,482,247,000 taking into account voting results on second item of the agenda of the Annual General Shareholders' Meeting was approved by a simple majority of votes.

3. Deloitte, LLP was approved by a simple majority of votes as audit company conducting audit of JSC Halyk Bank's operations for 2012.

4. Take into consideration of the Annual General Shareholders' Meeting the Report of the Board of Directors of JSC Halyk Bank on its activities for 2011 and acknowledge the performance of the Board of Directors and execution of functions by the members of the Board of Directors as positive.

5. The amount and terms of payment of expenses to the members of the Board of Directors of JSC Halyk Bank for execution of their responsibilities were approved as presented for consideration of the Annual General Shareholders' Meeting by a simple majority of votes.

6. The proposed amendments and supplements to the Charter of JSC Halyk Bank were approved as presented for consideration of the Annual General Shareholders' Meeting by a qualified majority of JSC Halyk Bank's total voting shares.

7. The proposed amendments and supplements to the Corporate Governance Code of JSC Halyk Bank were approved as presented for consideration of the Annual General Shareholders' Meeting by a qualified majority of JSC Halyk Bank's total voting shares.

8. The proposed amendments and supplements to the Terms of the Board of Directors of JSC Halyk Bank were approved as presented for consideration of the Annual General Shareholders' Meeting by a simple majority of votes.

9. The proposed amendments and supplements to the Redemption price estimation methodology of JSC Halyk Bank were approved as presented for consideration of the Annual General Shareholders' Meeting by a qualified majority of JSC Halyk Bank's total voting common and preferred shares.

10. Take into consideration of the Annual General Shareholders' Meeting the information on the amount and structure of remuneration of the members of the Board of Directors and the Management Board of JSC Halyk Bank.

11. Take into consideration of the Annual General Shareholders' Meeting the information with regard to shareholders' appeals to actions of JSC Halyk Bank and its officials and the results of such consideration.

12. In relation to the Counting Board of JSC Halyk Bank, the following resolutions were adopted by a simple majority of votes:

1) the number of members of the Counting Board of JSC Halyk Bank shall be five persons;

2) the term of authority of the Counting Board shall be two years. The term shall expire as of the moment of holding an annual general shareholders' meeting which elects a new Counting Board of the Bank;

3) persons elected as members of the Counting Board of JSC Halyk Bank: Ilmira Razumova, Yelena Khmyz, Gabbas Ilyussinov, Gulziya Madazimova, Nazgul Shakirova.

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