OREANDA-NEWS. December 19, 2008. Further to the news published with reference to the Government of the Republic of Kazakhstan, the National Wealth Fund SamrukKazyna (SamrukKazyna) and the National Bank of the Republic of Kazakhstan on the possible restructuring of the Kazakhstan banks’ external debt, Joint Stock Company ‘Halyk Savings Bank of Kazakhstan’ (Halyk Bank) (LSE: HSBK) hereby informs the investor community that it has sufficient funds to repay its international obligations in accordance with the existing repayment schedules and does not expect or plan any debt restructuring, reported the press-centre of Halyk Bank

Halyk Bank is planning to approach the respective Government and regulatory bodies to clarify their intentions with regards to Halyk Bank’s international obligations. However, please note that Halyk Bank has not authorised, and does not plan to authorise, any third party to hold negotiations on the restructuring of Halyk Bank’s international obligations.

Halyk Bank will update the investor community as soon as it becomes aware of any clear intentions of the Government authorities with regards to negotiations on international debt restructuring.