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Specialised Financial Court of Almaty Confirms the Completion of BTA Bank’s Restructuring

28.12.2012

Almaty, 28 December 2012 – “BTA Bank” JSC (the “Bank”) is delighted to announce that the Specialised Financial Court of Almaty (the “Court”) has today issued an order terminating the Restructuring relating to U.S.$11.1 billion of the Bank’s financial indebtedness due to the implementation by the Bank of all actions contemplated by the Restructuring Plan.

As the Bank has announced before, the Restructuring Plan was approved by the Bank’s shareholders at an extraordinary general meeting held on 3 December 2012 (by a majority of 99.4 per cent., including the approval of 89.5 per cent. of the GDRs voted at the meeting), by its creditors at the Claimants’ Meeting held on 5 December 2012 (by a majority of 93.8 per cent.) and by the Court on 13 December 2012. The Restructuring Plan was successfully implemented by the Bank on 24 December 2012.

As a result of the Restructuring the Bank’s financial indebtedness subject to it has been reduced from approximately U.S.$11.1 billion. to approximately U.S.$3.3 billion.

Terms used in this press release and defined in the Information Memorandum of the Bank dated 8 November 2012, as supplemented, are used in this press release as so defined.

Media contacts:
BTA Bank

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