Temirbank Joint Stock Company (KAS:TEBN) agreed to acquire an additional 54.53% stake in Temirleasing JSC (KAS:TMLZ) from BTA Bank JSC (KAS:BTAS) on December 19, 2013. As on December 23, 2013, Temirbank Joint Stock entered into a sale and purchase agreement to acquire 54.53% stake of Temirleasing from BTA Bank JSC. BTA Bank will sell 0.85 million shares of Temirleasing as part of the transaction. The transaction was resolved by the Board of Directors of BTA Bank. The transaction is subject to receipt of requisite consents/authorizations of the authorized state agencies of the Republic of Kazakhstan.

Temirbank Joint Stock Company (KAS:TEBN) completed the acquisition of 54.53% stake of Temirleasing JSC (KAS:TMLZ) from BTA Bank JSC (KAS:BTAS) on February 7, 2014.