Ad Hoc Group Of BTA Bank Recovery Unit Holders Seeks To Engage With Fellow Recovery Unit Holders

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Ad Hoc Group Of BTA Bank Recovery Unit Holders Seeks To Engage With Fellow Recovery Unit Holders

PR Newswire LONDON, Oct. 18, 2012

LONDON, Oct. 18, 2012 /PRNewswire/ -- In connection with the restructuring of BTA Bank JSC, an Ad Hoc Group of Recovery Unit holders, who together hold over 25% of the Recovery Units in BTA Bank, have retained Milbank, Tweed, Hadley & McCloy LLP to represent their interests. The Ad Hoc Group, which includes international banks, hedge funds and pensions funds, seeks to engage with other Recovery Unit holders. Any interested Recovery Unit holders should contact Milbank, Tweed, Hadley & McC loy for further information. BTA Bank JSC is incorporated in the Republic of Kazakhstan.

Milbank, Tweed, Hadley & McCloy (legal advisers to the Ad Hoc Group)

Nick Angel e-mail:[e-mail] Tel: [phone] or Peter Newman e-mail:[e-mail] Tel: [phone].