1. Leasing in Kazakhstan: post crisis experience April 2010

2. 2007: Overheated economy TOP 5 Banks in CIS: 2 of them are from Kazakhstan Total foreign debt of Kazakhstani banks - $46 bn. or 50% of GDP Excessive financing of residential construction sector 1

3. Leasing Market Forecast 21,1 85,2 172,2 252 415 763 1 546 2 577 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 2002 2003 20042005 2006200720082009 F CAGR = 111% USD, mln.

4. 2008: Crisis Liquidity shortage Bank Interest rates increased from 10-12% to 18-20% Non performing portfolio of leasing companies 30-50% 1

5. Post crisis years Liquidity excess Volume of new business decreased ~ 5 times Total portfolio of leasing companies decreased 30-50% Excess of construction equipment on the market 1

6. Post crisis learnings Immediate recognition of losses Portfolio concentration Industry financing limits Discipline 1

7. Coping with the problems Changing business model Scope of services Geographic expansion 1

8. Contact info ARMAN SHARIPOV, CFO HALYK LEASING (ХАЛЫК ЛИЗИНГ) 98 Zheltoksan Ave. Almaty, 050000 Kazakhstan +7 727 239 8797 +7 727 239 8798 armansh@halykbank.kz