OREANDA-NEWS.  Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release:

"... JSC Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces that the closing date for the receipt of applications from existing shareholders to exercise  their pre-emptive rights to purchase new KKB common shares has now passed.

The Bank received applications from existing shareholders for a total of 26,546 common shares. The offer price  is 575.2 tenge per common share and 1,150.4 tenge per global depository receipt ("GDR") with the basic asset being the Bank's common shares (two common shares per GDR).

The Bank will transfer common shares to shareholders once full payment has been received".