OREANDA-NEWS. December 29, 2009. JSC Alliance Bank (the “Bank”) announces that it is postponing the date by which Claimants in its restructuring proceedings have to submit Option Election Forms. The postponement is caused by delays in agreeing the process by which certain Claimants, particularly Euronoteholders, may make their elections. A further announcement will be made as soon as practicable in January 2010.

The Bank will shortly post on its website an Allocation & Reallocation Model which will allow Claimants to assess the reallocation risks associated with possible Election decisions.

The Bank’s management team very much appreciates the strong support shown by the Bank’s creditors during this difficult time and looks forward to the successful completion of the Bank’s restructuring. 

 
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.