Joint-Stock Company Kazkommertsbank (“KKB” or the “Bank”) (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, announces the completion of the buyback of the first part of common shares under the Option Agreement with respect to JSC Kazkommertsbank as of 15 January 2009 signed between JSC NWF Samruk-Kazyna, JSC Central-Asian Investment Company, Mr. N.S. Subkhanberdin and JSC Alnair Capital Holding (the “Option Agreement”).