OREANDA-NEWS. April 2, 2010. JSC Temirbank (the "Bank") is delighted to announce that its Restructuring Plan was approved by the requisite majority of Restructuring Creditors at the Creditors' Meeting held on 31 March 2010 in Almaty.

Restructuring Creditors holding 93.71 per cent of the financial indebtedness voted in favour of the Restructuring Plan, exceeding the two-thirds threshold required under Kazakhstan's bank restructuring law.

The Restructuring Plan approved by the Creditors' Meeting was submitted on 31 March 2010 to the Agency of the Republic of Kazakhstan for the Regulation and Supervision of the Financial Market and Financial Organisations for their review. A hearing before the Specialised Financial Court on the approval of the Restructuring Plan is expected to occur shortly after the Agency of the Republic of Kazakhstan for the Regulation and Supervision of the Financial Market and Financial Organisations would have reviewed the Restructuring Plan. All Restructuring Creditors are entitled to appear at this hearing. The exact time and date will be confirmed by an announcement on a Regulatory Information Service, on the Banks' website at www.temirbank.kz/info/investors/news (and its English language equivalent, en.temirbank.kz/investors) and on the Information Agent's website (http://bonds.thomsonretuers.com/temirbank) at least 14 days in advance of such hearing.

The Bank will give not less than 30 days notice of the Restructuring Date. Information on the way in which Restructuring Creditors are to claim their Entitlements is contained in the section headed "Distribution Mechanics" in the Second Supplemental Information Memorandum published on 11 March 2010.

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.

Restructuring Creditors are referred to the Information Memorandum, Supplemental Information Memorandum dated 9 March 2010 and the Second Supplemental Information Memorandum dated 11 March 2010 for a full description of the Restructuring. Capitalised terms used in this press release and not otherwise defined in it shall have the meanings given to them in the Information Memorandum, the Supplemental Information Memorandum and the Second Supplemental Information Memorandum.