1. BANK PRESENTATION January 2016

2. BRIEF REVIEW OF KEY PERFORMANCE INDICATORS

3. POSITION IN THE BANKING SECTOR OF THE REPUBLIC OF KAZAKHSTAN ASSETS AND LOAN PORTFOLIO 24 years of successful growth Sustaining of universal position with the developed branch network. Tsesnabank is in the Top 3 of Kazakhstani banks in terms of assets as of 01.01.2016. Stable growth of market share in terms of assets, loan portfolio and deposits. Market share in terms of assets Market share in terms of loan portfolio and deposits 3 Source: NBK No.No. Assets, KZT bln 01.01.16 Growth rate YoY, % 1Kazkommertsbank5 05276,1% 2Halyk Bank 4 05453,9% 3TSESNABANK 1 93947,2% 4Sberbank 1 59724,4% 5Bank Center Credit 1 44030,9% 6Kaspi Bank 1 24425,5% …………… Total on second-tier banks 23 78430,4%

4. Source: NBK Growth trend in terms of assets Growth trend in terms of loan portfolio 4 GROWTH TREND OF KEY PERFORMANCE INDICATORS  Positive trend of Bank’s assets growth is observed during the period from January 2015 till January 2016, having increased by 47,2%  Bank’s loan portfolio has increased by 43,7%, in 2015, having reached KZT 1 trillion 536 billion as of January 2016, whereas banking sector similar indicator increased by 9,7%

5. Tsesnabank demonstrates high dynamics of retail* and corporate deposits growth. POSITION IN THE BANKING SECTOR OF THE REPUBLIC OF KAZAKHSTAN DEPOSIT BASE Deposit base has grown due to: Expansion of the regional branch network Enhancement of trust of depositors High credit ratings of issued by international rating agencies Standard & Poor’s и Fitch Ratings 5 Source: NBK No. Corporate deposits, KZT bln 01.01.16 Growth rate YoY, % 1Kazkommertsbank1 83483,1% 2Halyk Bank1 29361,1% 3TSESNABANK83214,1% 4Sberbank64014,3% 5Bank Center Credit4566,3% 6Bank RBK44571,6% …………… Total on second-tier banks 8 72026,2% No. Retail deposits, KZT bln 01.01.16 Growth rate YoY, % 1Kazkommertsbank1 431104,5% 2Halyk Bank1 41856,6% 3Kaspi Bank64956,1% 4Bank Center Credit54763,9% 5TSESNABANK50585,4% 6Sberbank49765,9% 7ATF Bank36756,5% 8ForteBank305- …………… Total on second-tier banks 6 88655,0% * As of January 2016 Tsesnabank ranked #2 in terms of retail deposits growth among top ten second-tier banks by the size of assets Retail and corporate deposits growth trend

6. Loan portfolio quality of Tsesnabank is one of the best in the banking sector of the Republic of Kazakhstan. Share of loans overdue 90+ as of January 2016 is just 3,49%. Share of loans overdue by 90+ (NPL) 6 POSITION IN THE BANKING SECTOR OF THE REPUBLIC OF KAZAKHSTAN LOAN PORTFOLIO QUALITY Source: NBK, Tsesnabank Factors influencing on reduction of share of NPLs of the Bank: Well-balanced loan policy (diversification by industries) Tightening requirements for borrowers to get a loan Strengthening loan monitoring unit (implementation of early detection of loans quality deterioration, continuous monitoring of borrower solvency, introduction of profitability of default system) Effective work on problem loans return Source: NBK N o. Share of loans over due 90+01.01.16 ………… 19Bank of Astana4,31% 20Capital Bank Kazakhstan3,95% 21Altyn Bank3,56% 22TSESNABANK3,49% 23Shinhan Bank Kazakhstan3,21% 24Kassa Nova Bank2,99% 25Bank RBK2,82% ……… Average of the banking sector7,95%

7. Sources: www.standardandpoors.com www.fitchratings.comwww.standardandpoors.com www.fitchratings.com According to the scale of rating agencies Standard & Poor’s и Fitch Ratings 7 CREDIT RATING OF SECOND-TIER BANKS OF THE REPUBLIC OF KAZAKHSTAN Assets as of 01.01.2016, KZT bln Standard & Poor’s as of 01.01.2016 Fitch Ratings as of 01.01.2016 1“Kazkommertsbank»”JSC5 052B-/Negative/С, kzBB-B-/Negative/B 2“Halyk Bank Kazakhstan”JSC4 054BВ+/Negative/В, kzAA-BB/Stable/B 3“Tsesnabank” JSC1 939B+/Stable/B, kzBBBB+/Stable/B, BBB-(kaz) 4SB of “Sberbank” JSC1 597--BB+/Negative/B, AA-(kaz) 5“Bank CenterCredit” JSC1 440B/Stable/В, kzBB+B/Stable/B, BB+(kaz) 6“Kaspi Bank” JSC1 244BB-/Negative/В, kzBBB+-- 7“ATF Bank” JSC1 205--B-/Stable/B, BB-(kaz) 8“ForteBank” JSC1 066B/Stable/В, kzBB-- 9“Eurasian Bank” JSC1 038B/Stable/B, kzBB-- 10“Bank RBK” JSC877B-/Stable/C, kzBB--- 11 “House Construction Savings Bank of Kazakhstan” JSC 474--BBB+/Stable/F2, AAA(kaz) 12“CityBank Kazakhstan” JSC439-- 13«Delta Bank» JSC398B/Stable/B, kzBB+-- 14“NurBank” JSC333B/Stable/В, kzBB+--

8. Credit ratings growth Source: Bloomberg, Press release S&P and Fitch Rating B+ B B- S&P assigned B-/stable S&P Negative forecast S&P Raising of rating S&P Stable forecast S&P Positive forecast S&P Raising of rating Stable forecast Fitch Assigned rating B+ / stable 2 rising of ratings of Standard & Poor's over the last 5 years CREDIT RATING 8  On June 18 of 2015 the international rating agency Standard & Poor's confirmed a long-term credit rating of Tsesnabank at the level of “B +” with the stable forecast and a short-term credit rating at the level "B". The long- term rating on a national scale is confirmed at the level of "kzBBB".  On October 27 of 2015 the international rating agency Fitch Ratings assigned to Tsesnabank the long-term ratings of a default of the issuer (“RDI”) in foreign and national currency at the B + level with the stable forecast, short-term RDI in foreign and national currency at the level "B", national long-term rating at the level of "BBB- (kaz)" with the stable forecast. Fitch Rating

9. OPERATING ACTIVITIES

10. 10 Source: “Tsesnabank” JSC TSESNABANK’S BRANCH NETWORK Branches of “Tsesnabank” JSC 22 branches 143 banking outlets across Kazakhstan Historically Tsesnabank holds strong position in the Central and Northern Kazakhstan. As of 1 January 2016 the loan market share is 33,7% whereas the term deposit market share is 19,7% The customer base includes more than 263 thousand retail customers and more than 44 thousand corporate customers

11. 11 LOAN PORTFOLIO STRUCTURE Source: “Tsesnabank” JSC Loan portfolio structure by the industries (according to the IFRS) Loan portfolio structure by the regions (according to the IFRS) As of 01.01.2015 As of 01.01.2016

12. The Bank’ loan portfolio as of 01.01.2016 amounted to KZT 1 trillion 536 billion, having increased from the beginning of year by KZT 467 billion. Loan portfolio growth is driven by the following:  refinancing of borrowers with good credit history from other banks  participation in government programs  the bank together with PWC has implemented rating and scoring models to assess of solvency of borrowers  the loan portfolio is well diversified on economy industries  regional diversification is being gradually implemented Assets and loan portfolio trend LOAN PORTFOLIO TREND SECURITIES PORTFOLIO 12 Source: “Tsesnabank” JSC Securities portfolio as of 01.01.2016  The bank continues to adhere to conservative strategy in terms of building a securities portfolio.  As of 01.01.2016 the securities portfolio still consists of high-quality government and quasi- government securities, the share of which constitutes 94%.

13. 13 Source: “Tsesnabank” JSC Current accounts and deposits (according to the IFRS) Source: “Tsesnabank” JSC GOVERNMENT FUNDING. DEPOSITS Structure of deposits and current accounts by the branches as of 01.01.2016.  Positive growth trend of current accounts and deposits of Bank is observed during the period from 1 January 2015 through 1 January 2016, having increased by 33,4%

14. Shareholder’s structure Capital 14 CAPITAL 01.01.2016 Source: “Tsesnabank” JSC As of 01.01.2016 the principal shareholder of Tsesnabank JSC is: “Financial Holding “Tsesna” JSC is established in October, 2012 and holds 50,9% of ordinary (voting) shares of the bank. The main activity is purchasing shares (equity interest) of the financial organizations, and also managing their shares (equity interest). In 2011, the Bank additionally placed ordinary shares for the amount of KZT 5.7 bln., thereby the entire volute of authorized shares in the amount of KZT 30 bln is fully placed. On 12 January 2012, the General Meeting of Shareholders decided to increase the total number of shares from 30 million to 80 million shares. In 2012, the Bank increased its authorized capital by KZT 5.0 bln. In 2013, the Bank replenished its authorized capital by KZT 6.3 bln. In 2014, the Bank increased its authorized capital by KZT 20.4 bln up to KZT 61.7 bn. As of 01.01.16 the authorized capital is KZT 61,7 bln.

15. Return on assets, ROAReturn on equity, ROE 1515 PROFITABILITY  Return on assets characterizes the ability of the Bank’s assets to generate profit and the efficiency of the Bank to manage its assets and liabilities  As of 01.01.2016, ROA of the Bank is 1,11%  In the international practice rate of return on equity is the key indicator of the efficiency of a bank.  As of 01.01.2016, ROE of the Bank is 14,02% Source: “Tsesnabank” JSC, according to the IFRS

16. Operating incomeInterest margin trend 1616 Source: “Tsesnabank” JSC, according to the IFRS PROFITABILITY  Operating incomes of Bank for the year 2015 amounted to KZT 85,3 bln.  As of 01.01.2016, net interest margin, as an indicator, which allows to evaluate the ability of the Bank to earn net interest income from the total assets, is 4,97%.

17. Current liquidity ratio (k4) min: 0,300 17 Tier 2 capital adequacy ratio (k2) min: 0,075 Source: “Tsesnabank” JSC min: 0,050 PRUDENTIAL REGULATIONS Tier 1 capital adequacy ratio (k1)

18.  Tsesnabank ranked 3d in terms of assets at the end of 2015, and, according to the letter of National Bank of Kazakhstan is included in the list of potential banks (watch-list) which may be recognized as systemically important banks.  Confirmation of the international rating of Standard & Poor's: a long-term credit rating of Tsesnabank at the level of "B +" and a short-term credit rating at the level "B" with the stable forecast. The rating on a national scale is confirmed at the level of "kzBBB".  Assignment by the international rating agency Fitch Ratings of Tsesnabank JSC of a long-term rating of a default of the issuer in foreign and national currency (RDI) at the B + level with the stable forecast.  Consulting project for improvement of the risk management system and internal control system organized by Ernst & Young was successfully performed.  Tsesnabank acquired the Russian subsidiary bank OJSC Plus Bank, Moscow. Awards EVENTS OF TSESNABANK JSC Development factors  International Investment Award “Investment Angel” 2013 in the nomination “Most Dynamically Developing Kazakh and Foreign Bank", 2013.  Award by Euromoney magazine – Tsesnabank is ranked as "The Best Bank in Kazakhstan", 2013, 2014.  Award by The Banker magazine – Tsesnabank is ranked as “The Bank of the Year in Kazakhstan", 2013.  The bank received an award in the nomination "Excellent Results in Implementing the Loan Guarantee Program under the Business roadmap-2020”, 2013.  Award by Commerzbank AG (Germany) "STP Award 2013 Excellent Quality" for excellent quality of international payments.  Award by Deutsche Bank AG (Germany) "STP Excellence Award 2013" for excellent quality of international payments, and also an award of "2014 USD STP Excellence Award".  Award by First Credit Bureau LLC for “Best Partner of 2014” in the nomination “Quality”.  Award by Ernst&Young company for "International cooperation" within the tender "Entrepreneur of the Year", 2015.  Award by the Money transfer system “Unistream” for "Strategic partnership in 2015". 18

19. Main Business Directions: Retail Business, SME and Corporate Business EVENTS OF TSESNABANK JSC  Active and successful participation in government programs, including: Lending program for corporate business in the manufacturing industry through Development Bank of Kazakhstan JSC; Program of “Damu” Entrepreneurship Development Fund JSC for SME lending in the manufacturing industry; Program for agricultural business development “Agribusiness-2020” in the framework of financial recovery; The program of “Agricultural Credit Corporation ” JSC for the subsequent financing of subjects of agro-industrial complex according to programs of animal industry: The loan program for small cattle acquisition - “Altyn asyk” and loans for the development of horse breeding program - “Kulan". The program for agro-industrial complex "Subsidizing Interest Rates on loans and Leasing of Technological Equipment and Agricultural Machinery" implemented by the Ministry of Agriculture of the Republic of Kazakhstan; The program of "KazAgro" for on-lending of subjects of agro-industrial complex for the purpose of carrying out spring field and harvest works; Investment Program of Asian Development Bank for SME development in cooperation with “Damu” Entrepreneurship Development Fund” JSC; “Damu” Entrepreneurship Development Fund” JSC “Business Road Map – 2020” - United Program for Business Support and Development; The program of refinancing of mortgage housing loans / mortgage loans at the expense of “Fund of the Problem Credits” JSC ; Cooperation with “Financial Center” JSC and involvement into the State Educational Savings System. 19

20. EVENTS OF TSESNABANK JSC 20  Together with the American Service Quality Institute the program of the Sterling service culture creation (2015-2018) is implemented.  New credit process regarding limits for corporate persons and sole traders within the consulting Ernst & Young’s project is developed.  The issue of the payment guarantee in operational divisions of branches is automated.  The network on the automated issue of the covered tender guarantees in additional premises of branch network is expanded.  Certification of Bank according to the payment cards industry data security standards (PCI DSS).  The alternative office premises of Payment Systems Department accompanying external payments terminals for ensuring efficiency, stability, safety of payments making and money transferring are created. Internal quality changes Main directions of business: Retail Business, SME and Corporate Business  Development of trade finance product line for clients requirements satisfaction.  Successful passing through certification in IPS MasterCard International Incorporated, the Bank issues the payment cards MasterCard, serves in an acquiring network of MasterCard system.  The service "CashBack" of the payment cards MasterCard – 0,5% from amount of each made transaction in trade and service enterprise returns to the bank account of the client.  Reaching next level of development of IT technologies – implementation of WAY4 card system.  Start of Front-end system, unique in the market, for managers of branches for fast and effective servicing of payment cards holders.  Business process optimization on connection of clients to Internet banking system for corporate persons.  Implementation of "The Accession Agreement on current clients’ accounts“ project.

21. STRATEGIC PLANS  Preserving and strengthening the Bank’s position among the top 5 Kazakh banks, while maintaining of good asset quality.  Further development of the Bank, while maintaining the universality policy.  Preserving and strengthening of leading position in the central and northern regions of Kazakhstan, and also strengthening of leading position in the western and southern regions  Active participation in government programs for development of priority sectors of the economy and SME support, including support of exporters  Development of IT technologies and business processes. 21

22. BOARD OF DIRECTORS STRUCTURE 2 Chairman of the Executive Board Rustam Yakupbayev Deputy Chairman of the Board Yerzhan Tadzhiyakov Deputy Chairman of the Board Galym Ordabayev Deputy Chairman of the Board Aydar Seytbekov Deputy Chairman of the Board Saule Shaymerdenova Deputy Chairman of the Board Zhamila Batyrbekova Deputy Chairman of the Board Marat Mukhambetov Deputy Chairman of the Board Kanat Tuksaitov Deputy Chairman of the Board Olga Boiko Chairman of Board of Directors Dauren Zhaksybek Member of Board of Directors Erkegali Edenbayev Member of Board of Directors Nikolay Meshcheryakov Non-executive Director Kayrat Satylganov Non-executive Director Eduard Babayan Member of Board of Directors Victor Vogel