Adoption of dividend policy of Halyk Bank.

2 October 2012

PRESS RELEASE

On adoption of the Dividend Policy of Halyk Bank

Joint Stock Company "Halyk Savings Bank of Kazakhstan" ("Halyk Bank") (LSE: HSBK) informs its shareholders that the Board of Directors of Halyk Bank approved the Dividend Policy of Halyk Bank (the "Dividend Policy").

The adopted Dividend Policy supports further development of transparent and clear mechanism and order of decision-making process in relation to payment of dividends, determination of their amount, order and term of payment.

The document, among other things, stipulates that the dividend distribution amount on common shares would be in a range of 15% to 50% of net income for the reporting period based on audited consolidated financial statements of Halyk Bank subject to certain considerations such as distributable positive net income, absence of legislative restrictions on payment of dividends, as well as maintenance of international credit ratings and capital adequacy ratios of Halyk Bank not less than industry-wide levels.

The Dividend Policy is available on corporate web-site of Halyk Bank at http://www.halykbank.kz/en/corporate-governance.

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JSC "Halyk Bank"is the leading financial services group and the leading retail bank in Kazakhstan with the largest customer base and the broadest branch network. Halyk Bank is developing as a universal financial services group rendering a wide range of services (banking services, pension asset management, insurance, leasing, brokerage services and asset management) to its retail, SME and corporate clients. Halyk Bank is also conducting business in Russia, Georgia and Kyrgyzstan.