Kazkommertsbank announces creation of subsidiary organization USA KKB – 3

/KASE, July 21, 14/ – Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of July 18, 2014: quote JSC Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces that it has created KUSA KKB-3 Ltd, a wholly-owned subsidiary of the Bank. The subsidiary will be purchasing loss-making assets of the Bank. KUSA KKB-3 will be managing residential and commercial real estate assets repossessed from non-performing retail loans and from SME borrowers, who did not meet their loan obligations with the Bank. Contacts: Maira Saburova, Corporate secretary tel. +7 (727) 258-52-21, E-mail: msaburova@kkb.kz Aliya Nursipatova, Alma Buirakulova, Investor Relations +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz Larissa Kokovinets, Director, Public Relations +7 (727) 258-54-56, 258-53-92, E-mail: pr@kkb.kz unquote [2014-07-21]