OREANDA-NEWS. December 10, 2009. JSC Alliance Bank (the “Bank”) announced that Watson, Farley & Williams LLP has completed the adjudication of all claims which were submitted to it by creditors for a determination as to whether such claims constituted “Trade Finance Debt” (as defined in the Information Memorandum of the Bank dated 5 November 2009). On the basis of the results of the adjudication that the Bank received from Watson, Farley & Williams LLP, Trade Finance Debt, as defined, is the equivalent of U.S.96,754,865 in principal amount (based on prevailing foreign exchange rates), reported the press-centre of Alliance Bank.

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The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America.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.