Only shareholder of DB Alfa-Bank (Kazakhstan) approved the annual financial statements and decided not to pay dividends for 2009

/IRBIS, May 7, 2010/ - JSC Subsidiary Bank of Alfa-Bank (Almaty,
hereinafter - the Bank), whose securities are included in the official list of
Kazakhstan Stock Exchange (KASE), provided to KASE the decision of its sole
shareholder - OJSC Alfa-Bank (Moscow) on April 23, 2010.

According to the documents submitted the sole shareholder of the bank took
the following decisions:

 - approve the annual financial statements of the bank in 2009, confirmed
   audited LLP "PricewaterhouseCoopers";

 - increase the reserve bank's capital to KZT24,930 000.0 from net income
   as a result of the year 2009;

 - net income of the bank for 2009 in the amount of KZT224,365,148.75
   leave without distribution;

 - dividends in 2009 not to pay;

 - elect Richard David James to be a member of the Board of Directors
   since April 26, 2010;

 - Identify audit organization that audits the bank for 2010 TOO
   "PricewaterhouseCoopers" and determine the remuneration of the
   company in the amount of KZT12,528,000.0 excluding VAT.

[2010-05-07]