OREANDA-NEWS. Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

"On 18th of May 2016 JSC Kazkommertsbank (the "Offeror") has launched an invitation to holders of (i) the outstanding USD200,000,000 8.625% Subordinated Loan Participation Notes due 27 July 2016 (ISIN: XS0262468654; Common Code: 026246865) (the "July 2016 Notes", noting that the interest rate applicable to the July 2016 Notes as at the date of this announcement is 6.765% per annum), (ii) the outstanding USD500,000,000 7.50% Fixed Rate Notes due 29 November 2016 (ISIN: XS0276707923, Common Code: 027670792) (the "November 2016 Notes") and (iii) the outstanding EUR750,000,000 6.875% Senior Notes due 13 February 2017 (ISIN: XS0286431100, Common Code: 028643110) to tender their Notes for purchase by the Offeror for cash.

The Tender Offers were made on the terms and subject to the conditions contained in the tender offer memorandum dated 18 May 2016 (the "Tender Offer Memorandum").

The Tender Offer expired at 16:00 (London time) / 21:00 (Astana time) on 27 May 2016. The Offeror hereby informs the Noteholders that the Offeror has accepted for purchase principal amounts of the validly tendered Notes of each Issue ... "