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BTA Bank Begins Negotiations on Its Proposed Financial Restructuring

15.06.2012

“BTA Bank” JSC (the “Bank”) is pleased to announce that it has begun formal discussions with the Steering Committee of its creditors in respect of the proposed restructuring of certain of its financial indebtedness. During meetings held on 12 and 13 June in London, the Bank’s advisers presented a draft of its preliminary restructuring proposal to the Steering Committee and its advisers. The Bank looks forward to welcoming the Steering Committee to due diligence meetings in Almaty next week and aims to progress substantive negotiations on an agreed term sheet over the following two weeks.

Media contacts:

BTA Bank
Tel.: +7(727) 266 47 99
e-mail: pr@bta.kz
Website: www.bta.kz