Subsidiary Bank Sberbank of Russia announces issuing advance payment guaranty for project Sembol

/KASE, October 1, 14/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following information statement: quote Project "Astana" Railway Junction Development", including railroad complex construction" is being implemented under the terms of the Agreement between JSC National Company Kazakhstan Temir Zholy and "Sembol" JSC, one of the key foreign clients of Sberbank. Taking into account the long-term and effective cooperation with the partner "Sembol" JSC. SB "Sberbank" JSC has assumed the obligation and issued the irrevocable guarantee of advance payment. "Sberbank has been working with Sembol Company for a long time and during this time we have developed reliable partnership, supported by such large projects as construction of Nazarbayev University, television and radio complex in Astana. And we are glad that we again participate in a large project of our client – construction of new railroad complex in Astana. This will allow creating a modern transportation infrastructure, which will meet international standards, in capital" – told the Chairman of the Management Board of SB "Sberbank" JSC Alexandr Kamalov. SB "Subsidiary Bank Sberbank of Russia" JSC Yekaterina Kupreeva +7 (727) 266 35 68 (ext. 502499) e-mail: yekaterina.kupreeva@sberbank.kz unquote [2014-10-01]