Not for distribution in the United States

PRESS RELEASE

(for immediate release)

JSC TEMIRBANK

TEMIR CAPITAL B.V.

8 MARCH 2010

SUPPLEMENTARY INFORMATION MEMORANDUM GIVING FURTHER DETAILS ON JSC TEMIRBANK'S RESTRUCTURING TO BE PUBLISHED

JSC Temirbank announces the publication of a Supplemental Information Memorandum providing  further information on the availability of a GDR programme and other matters relating to the Restructuring. The Supplemental Information Memorandum will be published shortly after the publication of this press release via the website of the Information Agent: http://bonds.thomsonreuters.com/temirbank

Restructuring Creditors are reminded that the meetings referred to in the Information Memorandum are timed to be held before expiry of the FMSA's deadline of 31 March 2010 for approval of the Restructuring Plan by creditors.  JSC Temirbank strongly encourages holders to express their view through voting as early as possible. 

Nothing in this press release should be relied on for any purpose. In particular and without limitation, nothing in this press release, the Information Memorandum, the Supplemental Information Memorandum or any other document issued with or appended to it should be relied on in connection with the purchase of any shares, securities or assets of the Bank (including but not limited to the Amended Notes). This press release is not an offer of securities in the United States.  Securities may not be offered or sold in the United States absent registration or an exemption from registration.

Restructuring Creditors may direct any queries they have regarding the restructuring to either:

The International Department of the Bank by email at [email protected] or by telephone at +7 727 259 0528 or +7 727 258 7829; or

The Information Agent: Thomson Reuters by email at [email protected] or by telephone to any of Ellis Farrell + 44 207 542 8775, Christina Mermiga + 44 207 542 5836 or Melina Bobbio + 44 207 542 9013 or by post to Thomson Reuters, 30 South Colonnade, Canary Wharf, London, UKE14 5EP.