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BTA Bank Moves to the Next Phase of Restructuring

16.04.2010

JSC BTA Bank (“BTA”) is pleased to announce that it has moved to the next phase of its restructuring process by convening meetings of holders of its eurobonds and perpetual securities to vote on the plan to restructure its financial indebtedness.

On 12 April 2010, BTA’s finance subsidiary – BTA Finance Luxembourg S.A. convened a meeting of holders of the perpetual securities for 22 April 2010, and yesterday TuranAlem Finance B.V. (BTA’s other finance subsidiary) convened meetings of the bondholders for 7 May 2010. If either of the meetings is adjourned through lack of quorum, it will be rescheduled to 24 May 2010.

These meetings have been called to facilitate approval of the restructuring plan at the meeting of BTA's creditors, expected to take place on or around 28 May 2010.

Security holders may register their holdings with the BTA’s financial advisers by contacting btas.bondholders@lazard.fr and submitting details of their holdings. This will facilitate communication with participants in the restructuring.

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