PRESS-RELEASE

Halyk Bank repays $638million Eurobond issue

4 May 2017

Joint Stock Company Halyk Savings Bank of Kazakhstan ('Halyk Bank') (LSE: HSBK) repaid its 10-year 7.25% coupon rate USD 638,029,000 Eurobond issue on 3 May 2017. The issue has been repaid in full, at maturity, out of Halyk Bank's own funds.

Umut Shayakhmetova, Chairperson of the Management Board, Halyk Bank, commented:

'Halyk Bank has fully repaid the Eurobond on a designated maturity date out of its own funds. We believe this is yet another clear indication of our strong liquidity position. The Bank did not have to draw additional financing at international or local markets to honour its payment obligations. It is also worth noting that the Eurobond has been a rather expensive financial instrument for Halyk Bank, with a coupon rate of 7.25% per annum. After its repayment the Bank's average cost of funds should decrease, which, in turn, will have a positive effect on profitability of our assets.'

JSC Halyk Bank is the leading financial services group and the leading retail bank in Kazakhstan with the largest customer base and the broadest branch network. The Bank holds the first place in net income among second tier banks of Kazakhstan. The Bank is developing as a universal financial services group rendering a wide range of services (banking, insurance, leasing, brokerage and asset management) to its retail, SME and corporate clients. The Bank also operates in Russia, Georgia and Kyrgyzstan.

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For further information, please contact:

Halyk Bank

Kasenova Mira +7 727 259 04 30