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JSC Halyk SavingBank (HSBK)

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Thursday 06 March, 2008

JSC Halyk SavingBank

Cooperation Kazakhtelecom

JSC Halyk Savings Bank Kazakhstan
06 March 2008

6 March 2008

             Joint Stock Company 'Halyk Savings Bank of Kazakhstan'

         Mutual Cooperation Memorandum signed with JSC 'Kazakhtelecom'

On the 27 February 2008 JSC 'Halyk Savings Bank of Kazakhstan' (Halyk Bank) and
JSC 'Kazakhtelecom' (Kazakhtelecom) signed a Memorandum for Mutual Cooperation.
The document stipulates the cooperation between Halyk Bank and Kazakhtelecom in
providing a broad range of services to clients and to further improving their
quality of services.

According to the Memorandum, Halyk Bank's subdivisions will be located in the
service units of Kazakhtelecom. These subdivisions will accept payments for both
telecommunications and banking services. A pilot project will be launched in
Almaty, East-Kazakhstan and Kyzylorda oblasts in due course. At a later date
cash desks will also be opened across Kazakhstan.

Halyk Bank and Kazakhtelecom have been successfully cooperating over a long
period of time. A number of projects have been realized jointly by the
companies, including the acceptance of payments for telecommunication services
of Kazakhtelecom via ATM network of Halyk Bank.

This Memorandum is in line with the Service Quality Improvement Program
developed by Kazakhtelecom.

JSC 'Halyk Savings Bank of Kazakhstan'. Halyk Bank is one of Kazakhstan's
leading financial services groups and a leading retail bank with the largest
customer base and distribution network among Kazakh banks. The Bank is
developing as a universal financial group offering a broad range of services
(banking, pensions, insurance, leasing, brokerage and asset management) to its
retail, small and medium enterprise and corporate customers. It is seeking
further expansion of its international operations and credit exposure in the
region. As at 31 December 2007 Halyk Bank's branch network consisted of 670
outlets, comprising 22 regional branches, 125 district branches, 473 limited
service branches, 46 personal service centres, and 4 VIP centres; the number of
ATMs was 1,166 and point-of-sale terminals was 3,375.

JSC 'Kazakhtelecom' holds leading position in the telecommunications market of
the Republic of Kazakhstan, with developed network of centres to render wide
range of telecommunications services: traditional telephony and telegraph, data
transfer and access to Internet, intellectual and satellite network.
Kazakhtelecom serves over 3.27 millions of clients including both legal entities
and individuals. Kazakhtelecom closely cooperates and interacts with more than
40 operators in CIS and foreign countries. Detailed information on activities,
services, and the latest news of Kazakhtelecom is available on portal

                                    - ENDS -

For further information please contact:

Assel Atinova                   +7 727 259 04 30
Zhanar Kairbayeva           +7 727 244 77 65

Financial Dynamics

Paul Marriott                 +44 (0)20 7269 7252
David Cranmer                 +44 (0)20 7269 7217

                      This information is provided by RNS
            The company news service from the London Stock Exchange