OREANDA-NEWS. April 27, 2012. “BTA Bank” JSC (“BTA” or the “Bank”) today announces that it has suspended all payments in respect of its USD5,221,494,216 aggregate initial Reference Amount of Recovery Units (the “Recovery Units”), reported the press-centre of BTA Bank.

The Bank believes that the suspension of these payments is in the best interests of its creditors generally and that it would not be appropriate to make payments in respect of the Recovery Units when BTA has not paid amounts due on the Bank’s Senior Notes and while discussions continue with stakeholders on the financial restructuring of the Bank.