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Meetings with creditors scheduled for the week of 23 January 2012 – Creditors’ Meeting Presentation on 27 January 2012 Nomination process for new Creditor Directors commenced


Almaty, 23 January 2012 – “BTA Bank” JSC (the “Bank”) is pleased to confirm that during the week of 23 January it has arranged meetings with holders of the Bank’s Senior, OID and Subordinated Notes, its Recovery Units and participants in the RCTFF that have expressed an interest in participating on the steering committee that will be established to represent the interests of the Bank’s various creditor stakeholders.

Should other holders of the Bank’s Senior, OID and Subordinated Notes, Recovery Units or participants in the RCTFF wish to participate on the steering committee, they must identify themselves and disclose their holdings to the Bank’s financial adviser, Lazard Frères, as soon as practicable, by sending an e-mail to the following address: BTA.Noteholders@lazard.fr.

On Friday, 27 January 2012 at 2 pm, the Bank will also make a presentation to its creditors at a meeting held at the offices of White & Case LLP in London. All creditors interested in attending that presentation should submit a request by e-mail to the following address: BTA.Noteholders@lazard.fr and they are also strongly encouraged to disclose their holdings as this will facilitate a better understanding of the various constituencies holding the Bank’s securities, enhance the Bank’s communications with them and ensure adequate representation on the steering committee.

The Bank is also pleased to confirm that notices have been distributed to holders of Senior Notes and OID Notes through the clearing systems inviting them to nominate candidates for the Creditor Director positions that currently remain vacant following the resignations of the two Creditor Directors from the Bank’s Board of Directors. The nominations must be made on or before 11:00 am (London time) on 10 February 2012 by submitting appropriate electronic instructions through the relevant clearing systems. Following this deadline, the Bank shall contact the nominating holders of Senior and OID Notes in order to obtain information about the nominees in order to enable Senior and OID Noteholders to make informed voting decisions at the subsequent meetings of Noteholders.

The Bank would like to repeat its assurance that the Bank’s restructuring will in no way prejudice the interests of depositors. The Bank’s obligations to depositors will be fully honoured and the Bank confirms that it continues to service deposit transactions and credits, make money transfers and handle payment card transactions for its customers as usual.