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JSC Kazkommertsbank (JSCD)

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Wednesday 25 January, 2006

JSC Kazkommertsbank

Shares placement

JSC Kazkommertsbank
25 January 2006


NOTICE

Notice hereby is given that JSC Kazkommertsbank (location: 135 zh Gagarin Ave.,
Almaty, Republic of Kazakhstan) is going to place ordinary shares of JSC
Kazkommertsbank.

Date of the state registration is 04.01.2006 (received by the Bank on
17.01.2006), National Identification Number - KZ1C00400016, entry number at the
national registry of the issued securities A0040, the number of shares
registered is 200 000 000 (two hundred million).

To receive the JSC Kazkommertsbank share prospectus or any other information on
shares please contact Mr. Orynbassar Kuatov by phone at + 7 3272 585 125, by fax
+ 7 3272 585 242, by e-mail at okuatov@kkb.kz or by regular mail at 135 zh
Gagarin Ave., Almaty, Republic of Kazakhstan.
At that:

(1) JSC Kazkommertsbank share issue price will be determined by the JSC
Kazkommertsbank Board of Directors after issuing a resolution on placement
(sale) of JSC Kazkommertsbank shares;
(2) the number of issued shares could be altered taking into account exercise
the pre-emptive right to purchase JSC Kazkommertsbank shares by the current JSC
Kazkommertsbank shareholders;
(3) investor orders will be booked after the current JSC Kazkommertsbank
shareholders exercise their pre-emptive right to purchase JSC Kazkommertsbank
shares, at the additionally announced date.



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