BTA Bank Extends Offer to Shareholders to Sell Common Shares

OREANDA-NEWS. In accordance with clause 3 of Article 25 of the Law #415-II on Joint-Stock Companies of the Republic of Kazakhstan as of 13 May 2013, the Joint-Stock Company Kazkommertsbank (address: 135Zh Gagarin avenue, Almaty 050060, Kazakhstan), which owns 298,295,649,240 (46.5%) of common shares of JSC BTA Bank and has 27,351,461,050 (4.26%) common shares of JSC BTA Bank under trust management, and Mr. K. Rakishev (address: 11 Ondasynov street, Almaty) who owns 298,295,649,240 (46.5%) of common shares of JSC BTA Bank, extend the offer to the shareholders of JSC BTA Bank (hereinafter "The Bank") to sell common shares issued by the Bank ("The Shares") at a price of 0.24162 tenge per one common share.

The Buy Back Acceptance Notice (the "Notice") should be made in compliance with the required form available at the web-site of the Bank at www.bta.kz , and must be submitted to the Bank. The form of Notice is available in hard copy from the head office of the Bank at the following address: 97 Zholdasbekov street, Samal-2 microdistrict, Almaty, or in any of the following branch offices of the Bank in Kazakhstan.

The Notices shall be submitted to the head office of the Bank or to its branch offices by 18:00 Almaty time on 28 August 2014. Where the Notice is submitted in a sealed envelope it should be signed "Consent to sell the Shares". The Bank may refuse to accept the Notices that do not include all required information or are not delivered prior to stated closing date.

The shareholder should submit to the JSC Unified Securities Registrar (hereinafter, "the USR") or to its nominal holder the order to write-down the Shares and their entrance to the account of JSC Kazkommertsbank and/or account of Mr. K. Rakishev at the USR, and pay all fees within two days from submission of the Notice to the Bank. If the shareholder fails to submit the order within the stated period, the shareholder's application for buyback will be considered as withdrawn by the shareholder. The Order form is available at the web-site of the Bank at www.bta.kz . The shareholder should apply to the head office or to the branch offices of the Bank, if he (she) would like to receive the Order in a hard-copy. The Order form is also available at the web-site of the USR (www.tisr.kz ).

Payment on bought back shares will be made within 30 calendar days from the date of the Notice provided that the bought back shares are accepted to the account of JSC Kazkommertsbank or Mr. K. Rakishev.

Each shareholder bears sole responsibility for timely receipt of consents, approvals, payment of fees, commissions and taxes and other actions required to sell the Shares, including submission to the USR the required documents and information for the transaction.

All payments by JSC Kazkommertsbank to holders who are non-residents of the Republic of Kazakhstan will be subject to a deduction of tax in accordance with the Tax Code of the Republic of Kazakhstan. More detailed information on taxation issues related to the Offer is available at the web-site of the Bank: www.bta.kz .

Holders of GDRs with the Bank's common shares being the basic asset have equal right to participate in this Offer together with other shareholders of the Bank. To participate the GDR holders should apply to The Bank of New York Mellon via email: drglobaltransactions@bnymellon.com . Payment to the GDR holders shall be made via the Depository in US dollars at exchange rate of the National Bank of Kazakhstan at payment date.

The buyback procedure will be conducted in accordance with the legislation of the Republic of Kazakhstan.