Kazkommerts Fin 2 BV

Publication of Prospectus

Kazkommerts Finance 2 B.V.
27 July 2006

Publication of Prospectus
The following prospectus has been approved by the UK Listing Authority and is
available for viewing:

Prospectus dated 26 July 2006 in relation to the U.S.$200,000,000 8.625 per
cent. Subordinated Loan Participation Notes due 2016 issued by Kazkommerts
Finance 2 B.V. 

To view the full document, please paste the following URL into the address bar
of your browser.


For further information, please contact

JSC Kazkommertsbank 
135 'zh', Gagarin Avenue, Almaty 050060, Kazakhstan
Attn: Orinbasar Kuatov
Tel: +7 3272 585 125
Fax: +7 3272 585 242


Please note that the information contained in the Prospectus may be addressed to
and/or targeted at persons who are residents of particular countries (specified
in the Prospectus) only and is not intended for use and should not be relied
upon by any person outside these countries and/or to whom the offer contained in
the Prospectus is not addressed. Prior to relying on the information contained
in the Prospectus you must ascertain from the Prospectus whether or not you are
part of the intended addressees of the information contained therein. 

Your right to access this service is conditional upon complying with the above

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