OREANDA-NEWS. December 03, 2009. JSC Alliance Bank (the “Bank”) would like to clarify procedures relating to the submission of Claim Forms and/or Proxies in relation to the Claimants' Meeting to be held on 15 December 2009. The Bank's principal concern is to ensure that the person signing the Claim Form and/or Proxy is appropriately authorised and the Bank is able to establish that before the Court, if so required. Creditors should complete the Claim Forms and/or Proxies and provide the relevant supporting documentation as set out in the instructions contained within those forms, reported the press-centre of Alliance Bank.

While it is not a requirement at this time, the Bank reserves the right to require Creditors to provide:

I. an apostilled notarial certificate confirming the authority of the person(s) signing the Claim Forms and/or Proxies and having attached to such certificate copies of the documents examined by the notary to establish that authority;

II. a notarised translation into Russian of any of these documents or of any documents supporting the Claim itself; and

III. such further evidence of authority as the Bank or the Court may request.

Subject as provided below, original Claim Forms and Proxies should be delivered on or before 10 December 2009 to the Bank in Almaty as follows:

JSC Alliance Bank
50 Furmanov Street
Almaty 050004
Republic of Kazakhstan
Attention: Victoria Tyo

Creditors are also strongly encouraged to send PDF copies of their completed Claim Forms and Proxies to gardenia.collection@alb.kz.

In light of the adjournments of the Euronoteholders’ Meetings to 11 December 2009, the Bank has extended the Claims Submission Date for the Trustee to 14 December 2009 and, in any event, reserves the right to accept delivery of original Claim Forms and/or Proxies from other Claimants after 10 December provided that by 10 December 2009 it has received a copy of them and their supporting documents and is satisfied as to the authenticity of that copy.

Terms used in this press release and defined in the Bank's Information Memorandum dated 5 November 2009, as supplemented, are used herein as so defined.

The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America. The materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States of America or to conduct a public offering of securities in the United States of America.

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.