OREANDA-NEWS. On February 26, 2008 Board of Directors of JSC Halyk Bank (LSE: HSBK) announced resolutions adopted at the Extraordinary General Shareholders’ Meeting (hereinafter the “Meeting”), reported the press-centre of Halyk Bank:

1. The composition of the Board of Directors of JSC Halyk Bank was approved by a simple majority of votes to consist of six members.

2. A three-year term of authority for the Board of Directors of JSC Halyk Bank was approved by a simple majority of votes. This term shall expire on the date of the annual general shareholders’ meeting at which the new Board of Directors will be elected. Should the three-year term expire  before the date of the annual general shareholders’ meeting, the authorities of the Board of Directors are automatically extended until the date of the annual general shareholders’ meeting at which the new Board of Directors is to be elected.

3. Election of Directors to the Board of Directors of JSC Halyk Bank.

The following members of the Board of Directors of JSC Halyk Bank were elected by means of
cumulative voting:
• Mrs. Kamilya Arstanbekova
• Mr. Askar Yelemessov
• Mr. Christof H. Ruhl
• Mr. Grigoriy Marchenko
• Mr. Alexander Pavlov
• Mr. Kairat Satylganov

Mr. Pavlov and Mr. Ruhl were elected as independent non-executive Directors.

Mr. Yelemessov and Mr. Satylganov were elected as non-executive Directors representing
interests of JSC Holding Group ‘ALMEX’i.

4. The proposed amendments to the Charter of JSC Halyk Bank were approved as presented to the Meeting by a qualified majority of votes.

5. The proposed amendments to the Corporate Governance Code of JCS Halyk Bank were approved as presented to the Meeting by a qualified majority of votes.

6. The proposed amendments to the Terms of Reference of the Board of Directors of JSC Halyk Bank were approved as presented to the Meeting by a simple majority of votes.

7. The proposed amendments to the Rules for the share buy-back program of JSC Halyk Bank and redemption price estimation methodology were approved as presented to the Meeting by a simple majority of votesii.

8. In relation to the counting board of JSC Halyk Bank, the following resolutions were adopted by a simple majority of votes:

• The authority of the incumbent counting board is terminated;

• The number of members of the counting board shall be five;

• The term of authority of the counting board shall be one year. The term shall expire on the date of the annual general shareholders’ meeting at which the new counting board is to be elected. Should the one-year term expire before the date of the annual general shareholders’ meeting, the authority of the counting board is automatically extended until the date of an annual general shareholders’ meeting where the new counting board is to be elected.

• Persons elected as members of the counting board of JSC Halyk Bank: Ilmira Razumova
(chairperson of the counting board), Zhanar Bayatanova, Aisulu Ilusinova, Gani Uataev,
and Elena Khmyz.