Extraordinary general meeting of shareholders of Alliance Bank shareholders scheduled for December 30, 2014

/KASE, November 28, 14/ – Alliance Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided to KASE the following notification: quote Dear Shareholders of Alliance Bank JSC (hereinafter the "Bank"), The Bank (Management Board is located at: 50, Furmanov str., Almaty city, 050004, Republic of Kazakhstan) notifies its shareholders on holding of the Extraordinary General Meeting of Shareholders (hereinafter the "Meeting") initiated by the Board of Directors of the Bank. The Meeting will be held on 30 December 2014 starting from 11.00 a.m. (Almaty time), at the following address: Conference Room 1, 3rd floor, 50, Furmanov str., Almaty city, 050004, Republic of Kazakhstan. The participants shall be registered starting from 10.00 a.m. (Almaty time) on 30 December 2014. The register of the Bank’s shareholders eligible to participate at the Meeting will be compiled as of 00.00 a.m. (Almaty time) on 24 December 2014. The agenda of the Meeting is: 1. On approval of the transfer act regarding all property, rights and obligations transferred from ForteBank JSC to the Bank within reorganization in the form of the consolidation of ForteBank JSC to the Bank. 2. On approval of the transfer act regarding all property, rights and obligations transferred from Temirbank JSC to the Bank within reorganization in the form of the consolidation of Temirbank JSC to the Bank. 3. On change of the Bank’s name. 4. On approval of the Bank’s Charter. 5. On approval of the Corporate Governance Code. 6. On approval of the Regulation of the Board of Directors. 7. On election of the new Board of Directors of the Bank, determining the number of members, term of office of the Bank’s Board of Directors, election of members thereof, determining the remuneration for the members of the Bank’s Board of Directors. In accordance with paragraph 5 of Article 17 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan", "legal entities registered in offshore jurisdictions as set out in a list of such jurisdictions approved by the competent authority may not own and (or) use and (or) dispose directly or indirectly the voting shares of banks-residents of the Republic of Kazakhstan (ref. Letter No. № 04-01-14/1615 dated 29 April 2009 of the Agency of the Republic of Kazakhstan for the Regulation and Supervision of the Financial Market and Financial Organizations). Under paragraph 5-1 of the said Article, "a shareholder, participating at the general shareholders meeting submits application, stipulating on fulfilment of the requirement under paragraph 5-1 of this Article by its shareholders (participants) if there is no information on registration country of these shareholders (participants) in the bank". The second sub-paragraph of this paragraph provides that "a shareholder that did not submit the abovementioned application is not allowed to vote at the general shareholders meeting". In this regard during registration participants of the Meeting should provide documents confirming their rights to participate at the Meeting and vote on all matters considered at the Meeting. Shareholders of the Bank may read and acknowledge the materials of the Meeting in the terms and procedure established by the Law of the Republic of Kazakhstan "On Joint Stock Companies", at the address: 50, Furmanov Street, Almaty, 050004. In accordance with the legislation of the Republic of Kazakhstan, holders of preference shares of JSC Alliance Bank will be entitled to vote on all items of the agenda of the Meeting. In the event there is no quorum of the Meeting, the adjourned (repeated) extraordinary general shareholders meeting of the Bank will be convened on 31 December 2014 starting from 11.00 a.m. (Almaty time), at the following address: Conference Room 1, 3rd floor, 50, Furmanov str., Almaty city, 050004. Registration of participants of such meeting will be held from 10.00 a.m. (Almaty time), on 31 December 2014. Contacts in case of questions: +7 727 258 40 40, ext. 52242. In accordance with the item of the agenda of the Meeting "On election of the new Board of Directors of the Bank, determining the number of members, term of office of the Bank’s Board of Directors, election of members thereof, determining the remuneration for the members of the Bank’s Board of Directors", please submit to the Bank a list of candidates to be proposed to be elected as members of the Board of Directors of the Bank. Please be informed that in accordance with article 44.2 of the Law of the Republic of Kazakhstan "On Joint Stock Companies", information on the candidates proposed to be elected as members of the Board of Directors of the Bank shall include the following: 1) last name, first name, and at candidate’s option - patronymic name; 2) education background; 3) information on affiliation to the Bank; 4) information on jobs and positions held during the last three years; 5) other information confirming qualification and experience of the candidate. An individual proposed (recommended) for election to the Board of Directors shall comply with the requirements of laws of the Republic of Kazakhstan established for the executives of a bank, and if the Bank operates on the securities market, an individual shall comply with the requirements of the laws of the Republic of Kazakhstan established for the executives of a legal entity operating on the securities market on the basis of a license issued by the authorized body. 28 November 2014 unquote [2014-11-28]