Expected date of share split and GDR ratio change

10 December 2012

Press Release

regarding the expected date of the split of common shares of JSC Halyk Bank (the "Bank") and change in GDR ratio

The Bank is currently taking action to implement the decision, adopted at its Extraordinary General Shareholders' Meeting held on 6 December 2012, to increase the total number of its authorized shares by way of a split of its common shares in the proportion of one common share to ten common shares (the "Split").

It is expected that the Split will be effected after close of business on the Kazakhstan Stock Exchange on 14 December 2012.

It is further expected that the change in the number of the Bank's common shares represented by each Global Depositary Receipt (the "GDR Ratio") will be effected on 14 December 2012 (the "Effective Date"). Each GDR currently represents 4 (four) common shares. As a result of the Split, each GDR will represent 40 (forty) common shares.

The results of the Split and of the change in GDR Ratio will be announced in due course.

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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.

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