KAZKOMMERTSBANK REPEATEDLY ANNOUNCES INTENTION TO BUY OWN ORDINARY SHARES KZ1C00400016 (KZ000A0JC858, KKGB) AT KZT475.3667 PER SHARE

11.08.14 16:43
/KASE, August 11, 14/ – Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of August 11, 2014: quote Joint-Stock Company Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces that in accordance with the Option Agreement in respect of JSC Kazkommertsbank as of 15 January 2009 signed between JSC Samruk-Kazyna, JSC Central-Asian Investment Company, Mr. N.S. Subkhanberdin, JSC Alnair Capital Holding and the Bank (the "Option Agreement"), the Bank intends to exercise its right to buy the second part of the Bank’s common shares owned by JSC Samruk-Kazyna based on the terms of the Option Agreement and in accordance with the legislation of the Republic of Kazakhstan. In accordance with clause 1 of Article 26 of the Law #415-II on Joint-Stock Companies of the Republic of Kazakhstan as of 13 May 2013, the Bank also extends the offer to other minority shareholders (holders of common shares), to buyback common shares of the Bank on the following terms. The total amount of the Bank’s common shares announced for buyback (the "Shares") will not exceed 57,000,000 common shares at the price of 475.3667 tenge per one common share. One Global Depositary Receipt ("GDR") equals to two common Shares. The price for one GDR is fixed at 950.7334 tenge. unquote The full press-release is available on KASE website at: - http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_110814.pdf – in Russian; - http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_110814_e.pdf – in English. [2014-08-11]