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Amendment to Financial Restructuring Principal Commercial Terms Sheet Signed By the Creditors’ Steering Committee and JSC BTA Bank

17.03.2010

JSC BTA Bank (the “Bank”) is pleased to announce that on 17 March 2010 it and the Steering Committee signed an amendment to the principal commercial terms sheet dated 7 December 2009 setting out revised principal commercial terms for its proposed financial restructuring (the “Restructuring”).

These principal commercial terms will be supplemented in due course by detailed terms and should not therefore be considered to be definitive. 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 revised principal commercial terms sheet is available on the Bank’s website at www.bta.kz/en/investor/.

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

BTA Bank’s Creditors’ Steering Committee consists of The Royal Bank of Scotland N.V. (formerly known as 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.

Media contacts:

Kalamkas Tuleshova
Senior PR Expert /International Activity
PR & Advertising Department/JSC BTA Bank

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