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Financial restructuring principal commercial terms sheet signed by the creditors’ steering committee and JSC BTA Bank

08.12.2009

JSC BTA Bank (the “Bank”) is pleased to announce that it signed a principal commercial terms sheet on 7 December 2009 with its Creditors’ Steering Committee setting out the principal commercial terms of its proposed financial restructuring (the “Restructuring”).

The principal commercial terms sheet contains details of the different restructuring packages that will be available to the different classes of the Bank’s financial creditors. It will be supplemented in due course by further detailed terms and should not therefore be considered the definitive document. The document is not binding on any financial creditor and the Restructuring will be subject to various approvals, including approval by a creditors’ meeting pursuant to applicable Kazakhstan law. The full text of the Principal Commercial Terms is available on the Bank’s website at www.bta.kz.

Details of the Restructuring timetable will be published in due course.

BTA Bank’s Creditors’ Steering Committee consists of ABN AMRO Bank N.V., Commerzbank Aktiengesellschaft, the D. E. Shaw Group, Euler Hermes Kreditversicherungs AG (acting for and on behalf of the Federal Republic of Germany), Fortis Investment Management UK Limited, Gramercy Advisors LLC, ING Asia Private Bank Limited, KfW (representing its affiliates DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH and KfW IPEX-Bank GmbH), Standard Chartered Bank, Export-Import Bank of the United States and Wachovia Bank N.A.

http://bta.kz/en/investor/shinfo/

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BTA Group is a leading banking network in the CIS. BTA’s partner bank network extends to Russia, Ukraine, Belarus, Georgia, Armenia, Kyrgyzstan and Turkey. BTA has representative offices in Russia, Ukraine, China and the UAE.

BTA has one of the largest branch networks in Kazakhstan (22 full branches and 231 other service locations) along with an extensive chain of ATMs (921), self-service terminals (160) and POS terminals (1,990). BTA serves about 1.2 million retail and 145,000 corporate customers.

Media contacts:

Kalamkas Tuleshova
BTA Bank, Brand Office
International Activity

Tel.: +7 (727) 266-47-99
Fax. +7 (727) 250-12-55
Email: tuleshova@bta.kz