Presentation Financial Performance Update March 2010

1. Presentation Financial Performance Update March 2010

2. 2009 Highlights Financial Performance Update • Assetsincreased by 30%. Loans to customers grew to USD 967 mln. Liquidity cushion is excessive comprising about 43% of total assets. • Shareholder support by capital increase in total by USD 82 mln. No significant change in equity due to diminishing impact of financial loss of USD 83 mln. • KAS net loss of USD 83 mlndriven by planned provisioning increase by 371% (USD 123 mln) leading to comfortable 134% coverage. • Liabilities increased by 34% to USD 2 bln. Depositbase grew by 76% to USD 1.6 bln. • Gradual changes in senior management. FMSA approved appointment of Mr. Michael Eggleton as a Chairman of the Board. • M&A - signed share purchase agreement of commercial Troika Dialog Bank (Russia) acquisition. Subject to regulatory approvals, transaction is to be closed within Q1 2010.

3. Macroeconomic conditions Financial Performance Update • Foreign debt decreased from USD 46 bn to USD 28.4 bn mainly due to debt restructuring bydefaulted Kazakh banks.As expected, around USD 10 bn to be additionally written off after completion of whole restructuring process. • Alliance finalized restructuring process on March 30, 2010. • Astana-Finance signed initial MoU with creditors in Oct. 2009 • BTA reached an outline agreement with creditors in Dec. 2009, but deadline is still postponed. • Temirbank creditors approve debt restructuring plan on March 31, 2010 . • Falling inflation and weak domestic demand resulted in 5-times cut of refinancing rate from 9.5% to 7% for the whole year. • In Feb 2009 NB RK devalued tenge by 24%. First official trade band kept by NB RKtill Dec 2009 was +/- 3%. However NB RK plans trade band to widen since Feb 2010 to +10/-15% • Forecast budget deficit to increase to 1.5-2% of GDP in 2010. • In 2009 inflation rate was 6.2%. As expected in 2010 it would be at 6-8% • Around USD 3.4 bn in loans ratified by major multinational organizations to finance infrastructure development works Source: NB RK

4. Strategic initiatives and priorities… Financial Performance Update …. as universal financial institution …across business segments Increasing share of trade finance facilities among clients Window to cross-sell retail products Current accounts and deposits support funding profile Opportune time for expanding market share 6% market share in the medium term perspective Further expansion within CIS region Diversification of funding sources Growth opportunities given changes in strategies of bigger banks Growth Corporate Enhancement of Risk Management System Unified IT- system High professional qualification and business culture of the team Loan portfolio management in deteriorating macroeconomic conditions Selective approach in SME market Active participant of state support program jointly with SamrukKazyna and DAMU Funds. Analyzing and building client base for future expansion SME Asset quality Expanding branch and ATMs networks, alternative sales sources Cross-selling with employees of corporate clients Focus on retail deposits, favorable period to increase market share Development of competitive sophisticated card business Expansion of distribution network in Kazakhstan Cross-sales among existing client base Product innovations and high quality service Focus on lower risk corporate business in current market Universal spectrum of development Retail

5. Asset structure Financial Performance Update (USD mln) Asset structure Asset growth • - loans to customers less provisions for impairment • Asset YoY growth of 30% mainly driven by increase of the Bank’s liquid assets, primarily cash and balances with NB RK by 41%. In addition loan portfolio and securities grew by 20% and 76% respectively. • Share of government securities represents 84% of the securities portfolio Rest 16% are debt securities of primarily state-owned companies, i.e. Development Bank of Kazakhstan, Kazakhstani Mortgage Company, KazAgroFinance. • High liquid assets represented by cash and balances with NB RK as well as high liquid securities amount to 44% of total asset portfolio. According to adopted strategy to be on the safe side the Bank’s management took a decision to keep liquidity cushion more than required. Source: basedon 2007- 2008 unconsolidated audited IFRS financial statements 2009 unaudited KAS financial statements of the Bank.

6. Loan portfolio: strategic focus on corporate and selected SME and retail segments Financial Performance Update Average interest rates Loan portfolio by business segments (USD’mln) • For 2009 loan portfolio increased by 20%. • Corporate loan portfolio continues growing as a consequence of lending policy of the Bank focusing on corporate business. Growth of interest rates on corporate side shows adequate feedback of the bank on rising funding costs.. • Meanwhile for 2009 SME loan portfolio increased by 140% mainly due to government support of SME business. Thus, through state support program the Bank has used KZT 25 bn for SME financing. Stable decrease of effective interest rates on SME lending was primarily stipulated by the terms and conditions of within state support program. Decrease of retail lending rates in 9 months was caused by state support of small entrepreneurs which were included into retail business group. Source: basedon 2007- 2008 unconsolidated audited IFRS financial statements *-2009 unaudited KAS financial statements of the Bank.

7. Loan portfolio breakdown Financial Performance Update Jan 10 by industry by currency by maturity • Since September 1, 2009 second tier banks obliged to create 20% provisions on loans denominated in US dollars. USD denominated loans were considerably decreased. • Loans to distressed industries like construction in total loan portfolio amounted to 11%. This is mainly road construction, infrastructure projects, electricity network. Where residential real estateconstruction was 4%and commercial – 7%. • Mortgage loans amounted to 14% of total loan portfolio 10% of which issued to clients for purchase on secondary market and 4% on primary. Source: 9M 2009 unaudited KAS financial statements of the Bank. * - Individuals include entrepreneurs.

8. Loan portfolio quality: NPLs vs provisions Financial Performance Update Oct 09 Loan portfolio by risks NPLs and provisions as a % of total loans Unsecured consumer loans comprise 1.2% of total loan portfolio. 10% of loan portfolio is guaranteed by deposits. Related party loans account to 1.7% of loan portfolio. LTV ratio on loan portfolio amounted to 42%. Revaluation of collateral is run each half year. Source: 2009 unaudited KAS financial statements of the Bank. * - NPLs = Bad debts + Doubtful 5 category + provisions on homogeneous loans

9. Liabilities: strong support and commitment from wealthy shareholders Financial Performance Update Strong capital growth Liabilities and Equity Structure Jan 10 (USD mln) Total liabilities: USD 2 023 mln As planned second capital injection took place in December 2009 and amounted to KZT 9 bn. That was fully forwarded for creation provision according to tightened requirement of regulator. Capital adequacy ratio is substantially higher than Basel requirements (Tier I CAR at 11% and Total CAR at 16%) CAR ratios under KAS prudentials: K1-1 – 7.8% (>5 – for banking holding); K1-2 – 11%; K2- 16 (>10 respectively) Emphasizing on local deposits market as a main source in terms of funding the Bank gathered about USD 1.6 bn in customer accounts. Source: basedon 2007- 2008 unconsolidated audited IFRS financial statements *-2009 unaudited KAS financial statements of the Bank.

10. Financial Performance Update Funding: soaring market share on local deposit market Current accounts and term deposits Term Deposits by currency by maturity Biggest winner of retail deposits for 2009 by 210%. One of the healthiest loan/deposit ratios – 71%. Term deposits comprise 83% of total deposit base. Deposits denominated in USD increased by around 49% however deposit portfolio retains well diversified. Almost half of term deposits are short term indicating market trend of crisis of confidence to the whole banking system. Since August 2009 the Bank decreased interest rates by around 2% to match lending rates under state support programs. Source: basedon 2007- 2008 unconsolidated audited IFRS financial statements *-2009 unaudited KAS financial statements of the Bank.

11. Financial Performance Update Profit decrease as a result of provisioning enhancement Net income vs provisions created against loan portfolio Profitability ratios (USD mln) • Financial loss was caused by increase of charges on provisions on loan portfolio by 371% comparing with the same period last year as well as outrunning growth of interest expenses of 54% than interest revenues of 31% • Fee and commission income rose due to increase of expenses on network development. • Cost to income ratio’s decrease reflects subsidiaries sale. This deal took place in first quarter however has affected annual financial results. • The Bank works on operating expenses optimization via reduction of advertisement and payroll costs etc. Source: basedon 2007- 2008 unconsolidated audited IFRS financial statements *-9M 2009 unaudited KAS financial statements of the Bank.

12. Visit us at www.eubank.kz Financial Performance Update Contact information AinagulIskakova Head, Debt Capital Markets Tel.: +7 727 250 8710 E-mail: Aynagul.Iskakova@eubank.kz Irina Aristova Head, Financial Institutions Tel.: +7 727 244 5393 E-mail: Irina.Aristova@eubank.kz ZhannaNurambekova Head, Financial Institutions, CIS & Baltics Tel.: +7 727 244 5379 E-mail: Zhanna.Nurambekova@eubank.kz ZareenaTaimagambetova Executive Director Tel.: +7 727 244 39 15 E-mail: Zareena@eubank.kz Eurasian Bank 56 KunayevStreet, 050002, Almaty, Kazakhstan Tel.: +7 727 250 86 66, Fax: +7 727 250 86 97 E-mail: FI@eubank.kz

13. Appendix

14. Key Performance Indicators Financial Performance Update *Based on KAS figures

15. Main assets of beneficial shareholders Financial Performance Update Alijan Ibragimov (33.33%) Alexander Machkevich (33.33%) Patokh Chodiev (33.33%) Eurasian Financial Company (100%) Eurasian Industrial Company (100%) Eurasian Natural Resources Company (43.77%) • Ferroalloys: • Kazchrome • Zairem GOK • Serov (Russia) • Tuoli (China) Eurasian Aluminium Company (100%) EuroCenterAstana (100%) Shubarkol’ Komir (91%) Impala Intercom (15%) Altyn-Tay (100%) BN-Invest-Komir (100%) Giproshakht (100%) Granitek (100%) Eurasia Development (100%) Eurasia Finance Group (100%) Eurasiaenergoprom (82%) EPEK-Trade House (100%) Information Agency “Inter Asia” (10%) Express-K newspaper office (17%) Rudnensky vodokanal (100%) Sary-Arka spetskoks (100%) Folias (100%) Energosystema (100%) Yuzhugol’invest (100%) Yuzhenergoprom (85%) Eurasian Construction (5%) Eurasiaenergoprom (100%) Other companies (less than 5% share) (91%) (9%) Eurasian Bank Iron Ore: SSGPO BML (Brazil) Eurasian Accumulative Pension Fund Alumina & Aluminium: Aluminium of Kazakhstan Kazakhstan Aluminium Smelter Eurasian Capital (Brokerage Company) Eurasian Insurance Company Energy: Eurasian Energy Corporation Logistics: ENRC Logistics

16. Macroeconomic indicators Financial Performance Update Source: NB RK, Statistical Agency of RK, FSA