OREANDA-NEWS. March 27, 2008. The Board of Directors of JSC ‘Halyk Savings Bank of Kazakhstan’ (Halyk Bank) (LSE: HSBK) re-elected Mr. Alexander Pavlov as Chairman of the Board of Directors on 21 February 2008.

Mr Pavlov was appointed as Chairman of the Board of Directors in March 2004. Between 1994 and 2000, he was Minister of Finance, then Deputy Prime Minister, and finally First Deputy Prime Minister of the Republic of Kazakhstan. From 2000 to 2002, he was Vice Chairman of the Management Board and Vice Chairman of the Board of Directors of the UK-listed copper mining company Kazakhmys. Between 2002 and 2004, he was First Deputy Prime Minister of the Republic of Kazakhstan.
Mr. Pavlov is a graduate of the Belarusian State Institute of People’s Economy, where he specialised in economics.

In accordance with Article 64 of the Law of Kazakhstan “On Joint Stock Companies” Mr. Pavlov is not an affiliated person of Halyk Bank. Mr Pavlov is independent non-executive Director of the Board.