OREANDA-NEWS. April 15, 2008.
The following issues are proposed for voting at the Annual General Shareholders Meeting.
Approval of the agenda of the Annual General Shareholders Meeting of JSC Halyk Bank as of 25 April 2008 as approved by the Board of Directors of JSC Halyk Bank (Minutes #35 dd. 13 March 2008), reported the press-centre of Halyk Savings Bank.

Approval of the agenda of the Annual General Shareholders Meeting of the Bank is required in accordance with the Law of the Republic of Kazakhstan on Joint Stock Companies (the Law on Joint Stock Companies).

AGENDA:

1. Approval of JSC Halyk Bank’s annual financial statements for the year ended 31 December 2007.

2. Approval of distribution of JSC Halyk Bank’s net income for the year 2007. Adoption of a resolution on the payment of dividends on JSC Halyk Bank’s shares. Approval of the amount of dividend per common share of JSC Halyk Bank.

3. Consideration of shareholders’ appeals to actions of JSC Halyk Bank and its officials and the results of such consideration.

Informing shareholders on the amount and structure of remuneration of the Members of the Board of Directors and Management Board of JSC Halyk Bank.

4. Informing shareholders on the amount and structure of remuneration of the Members of the Board of Directors and Management Board of JSC Halyk Bank.

1. Approval of JSC Halyk Bank’s annual financial statements for the year ended 31 December 2007.

2. Approval of distribution of JSC Halyk Bank’s net income for the year 2007. Adoption of a resolution on the payment of dividends on JSC Halyk Bank’s shares. Approval of the amount of dividend per common share of JSC Halyk Bank.

Pursuant to article 36 of the Law of the Republic of Kazakhstan “On Joint Stock Companies” and article 26 of JSC Halyk Bank’s Charter, the Annual General Shareholders Meeting is offered to make the following decisions with regard to the second issue of the agenda:

1) approve the following procedure for distribution of net income in the amount of KZT 38,150,155 million received by JSC Halyk Bank from its operations in 2007:

- part of net income amounting to KZT 1,679,475,552 to be allocated for payment of dividends on preferred shares of JSC Halyk Bank (NIN KZ1Р33870117) and preferred shares convertible to common shares of JSC Halyk Bank (NIN KZ1Р33870216), in the amount and order stipulated in the prospectus for the issue of shares of JSC Halyk Bank (including the amount of taxes payable under the legislation of the Republic of Kazakhstan);

- part of net income to be allocated for payment of dividends on common shares of JSC Halyk Bank (NIN KZ1C33870011) in accordance with the procedures and terms stipulated in the prospectus for the issue of shares of JSC Halyk Bank.

In this connection, approve the dividends per 1 (one) common share of JSC Halyk Bank in the amount of KZT 2.75 (including the amount of taxes payable under the legislation of the Republic of Kazakhstan);

- part of net income to be allocated to increase reserve capital of JSC Halyk Bank up to the amount not exceeding KZT 35,000,000,000 (thirty five billion tenge), given a minimum reserve capital requirement of 2% (two percent) of the Bank’s loan portfolio subject to classification in accordance with the legislation of the Republic of Kazakhstan and with consideration for planned growth of JSC Halyk Bank’s loan portfolio;

- the remaining part of net income received from the Bank’s operations in 2007 to be allocated to retained earnings.

2) approve the following procedure for payment of dividends on JSC Halyk Bank’s preferred shares and preferred shares convertible to common shares:

- determine May 12th, 2008 as a record date for the list of shareholders eligible to receive dividends on preferred shares and preferred shares convertible to common shares;

- start payment of dividends on May 13th, 2008. Dividends to be paid starting from May 13th, 2008 until May 16th, 2008;

- dividend payment method – wire transfer and (or) cash payment.

3) approve the following procedure for payment of dividends on JSC Halyk Bank’s common shares:

- determine May 19th, 2008 as a record date for the list of shareholders eligible to receive dividends on common shares;

- start payment of dividends on May 20th, 2008;

- dividend payment method – wire transfer and (or) cash payment.

3. Consideration of shareholders’ appeals to actions of JSC Halyk Bank and its officials and the results of such consideration.

In accordance with amendments to the Law of the Republic of Kazakhstan “On Joint Stock Companies” regarding protection of rights of minority investors, the issue of shareholders’ appeals to actions of JSC Halyk Bank and its officials and results of such consideration shall be submitted for consideration by the general meeting of shareholders.

In connection with the above and pursuant to the requirements of Article 35 of the Law of the Republic of Kazakhstan “On Joint Stock Companies”, hereby please be informed on the following appeals to actions of JSC Halyk Bank and its officials and results of such consideration.

Thus, as a result of initial offering of JSC Halyk Bank’s shares from 16 December 2006 till 26 February 2007 eighty one shareholders’ requests for placement of 4,153,195 (four million one hundred fifty three thousand one hundred ninety five) shares for the total amount of KZT 2,126,103,584.40 (two billion one hundred twenty six million one hundred and three thousand five hundred and eighty four tenge and forty tiyn) have been satisfied.

As a result of redemption by JSC Halyk Bank of its shares that took place from 1 January 2007 to 31 December 2007, 79,126 (seventy nine thousand one hundred twenty six) common shares have been redeemed from 181 shareholders for the total amount of KZT 7,625,120 (seven million six hundred twenty five thousand one hundred twenty tenge) at shareholders’ requests. Three applications from shareholders have been received on cancellation of applications submitted earlier on redemption of shares by JSC Halyk Bank (afterwards, these shareholders sold their shares on the secondary securities market).

Eighteen requests from JSC Halyk Bank’s shareholders have been received with the following responses thereon:

1) fourteen inquiries of JSC Halyk Bank’s shareholders on the issue of share placement and payment of dividends were considered and the applicants were informed about the procedure and the terms for placement of the Bank’s shares and payment of dividends on these shares;

2) two shareholders’ requests on confirmation of the number of shares held by these shareholders were received and the applicants were informed about the procedures for providing such confirmation;

3) one inquiry on the issues relating to the competence of general meeting of shareholders (in particular, request for information on the amount and structure of remuneration paid to the members of the Board of Directors and the Management Board of JSC Halyk Bank for 2006) was received and the applicant was informed accordingly.

4) one inquiry on the refusal to satisfy the shareholder’s application for the lump sum material assistance within the program of 80th anniversary of JSC Halyk Bank due to expiration of application submission deadline was received and the applicant was informed accordingly;

5) one application for material assistance to II World War veterans was considered.

4. Informing shareholders on the amount and structure of remuneration of the Members of the Board of Directors and the Management Board of JSC Halyk Bank.

Information will be presented to shareholders at the Annual General Meeting and has been made available to the Depositary (Deutsche Bank Trust Company Americas).