KAZKOMMERTSBANK ANNOUNCES CONDUCTING MEETING OF HOLDERS OF INTERNATIONAL BONDS XS0867478124, XS0867573890 (BTASE16) ON JUNE 29, 2015

/KASE, June 8, 15/ – Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of June 5, 2015: quote JSC Kazkommertsbank ("KKB") announces conducting a meeting of Noteholders of the U.S.$750,000,000 5.50 per cent. Notes due 2022 of KKB (Reg S ISIN: XS0867478124 / 144A ISIN: XS0867573890; Reg S Common Code 086747812 / 144A Common Code 086757389) Pursuant to the Consent Solicitation, KKB is requesting the Noteholders’ consent to the amendment of the U.S.$1,592,000,000 4 per cent. loan due 2024 made by Samruk-Kazyna to BTA (the "SK Loan"), through the substitution of KKB, in the place of BTA, as borrower thereunder (the "SK Loan Substitution"), as summarized below and detailed in the Consent Solicitation Memorandum of June 5, 2015. As more fully described in the Consent Solicitation Memorandum, the consent of the Noteholders is being sought to substitute KKB in the place of BTA as borrower under the SK Loan. Pursuant to the terms of the Extraordinary Resolution, Noteholders are also being asked to acknowledge and agree that the SK Loan Substitution shall not result in a breach or violation of any term or provision of the Notes, including (without limitation) Condition 5(f) of the Notes. Capitalized terms used in this announcement have the definition given in the conditions of the Consent Solicitation Memorandum. According to the Consent Solicitation Memorandum if (i) the Extraordinary Resolution is approved, and (ii) all conditions precedent are satisfied, then KKB will pay, or procure to be paid, on the Settlement Date: a cash payment of U.S.$2.50 for each U.S.$1,000 in principal amount of Notes to Noteholders who completed and delivered (and did not revoke) valid Consents on or before the Early Solicitation Deadline; or a cash payment of U.S.$1.00 for each U.S.$1,000 in principal amount of Notes to Noteholders who completed and delivered (and did not revoke) valid Consents after the Early Solicitation Deadline but on or before the Solicitation Deadline. Noteholders who attend and vote at the Meeting will not be eligible to receive the Early Consent Fee or the Consent Fee. The Early Solicitation Deadline is 4:00 p.m. (London time) on 19 June 2015 and the Solicitation Deadline is 4:00 p.m. (London time) on 25 June 2015 (unless extended or earlier terminated by the KKB). The Meeting will take place on 29 June 2015 unless adjourned. Noteholders should carefully read Consent Solicitation Memorandum for more information on the conditions and procedures for participation in the Consent Solicitation. A complete set of the Consent Solicitation materials is also available upon request by contacting the Tabulation and Information Agent. Inquiries concerning the terms and conditions of the Consent Solicitation may be addressed to the Consent Solicitation Agent. The Solicitation Agent for the Consent Solicitation is: J.P. Morgan Securities plc (+44 207 134 2468 / emea_lm@jpmorgan.com) The Tabulation and Information Agent for the Consent Solicitation is: D.F. King (Europe) (+44 207 920 9700 / kkb@dfkingltd.com) THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE CONSENT SOLICITATION. Enquiries: Aliya Nursipatova, Alma Buirakulova, Investor Relations +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz Larissa Kokovinets, Public Relations +7 (727) 258-54-56, E-mail: pr@kkb.k unquote [2015-06-08]