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May 14, 2020

Notice: ForteBank JSC Informs on voting results of the annual general meeting of shareholders


FORTEBANK JSC INFORMS ON VOTING RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS ForteBank JSC (hereinafter – Bank), with its executive body (Management Board) located at the address: 8/1, Dostyk str., Yessil district, Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan, hereby announces the voting results of the Annual General Meeting of the Bank Shareholders (hereinafter the “Meeting”) held on May 4th, 2020 from 10.00 to 11.00 by Nur-Sultan standard time, at the following address: “Astana” Conference Room, 8th floor, 8/1, Dostyk str., Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan. In accordance with the approved agenda, the following issues were considered at the Meeting, and following resolutions were passed based on the voting results. * * * Issue 1 of the Agenda “On approval of the 2019 annual financial statements of the Bank” To approve the attached audited annual financial statements of ForteBank JSC for the year ended 31 December, 2019. * * * **Issue 2 of the Agenda “On approval of the order of distribution of the Bank’s 2019 net income, the amount of the dividend per one common share of the Bank”** 1. To approve the following order of distribution of net profit of ForteBank JSC for 2019: - the amount up to a maximum of KZT 21,117,000,000.00 (twenty-one billion one hundred seventeen million tenge) to be allocated for payment of dividends; - the amount of net income remaining after the payment of dividends to be retained at the disposal of the Bank. 2. To approve the amount of dividend per a common share of ForteBank JSC in the amount of KZT 0.2372 (zero point twenty-three seventy-two tiyn), including the amount of taxes payable in accordance with the laws of the Republic of Kazakhstan. The total amount of dividends payable to each shareholder must be accurate to the integer tiyn (rounding is performed according to the mathematical rounding rules). The rule of mathematical rounding is the method of rounding, when the value of an integer tiyn (integer tiyns) does not change if the first digit after the one being rounded is from 0 to 4, and changes by increasing by one if the first digit after the one being rounded is from 5 to 9. 3. To record the list of shareholders eligible to receive dividends as of May 05, 2020, 00:00 by Nur-Sultan standard time. 4. To determine the date of commencing of dividend payment on common shares of ForteBank JSC – starting from May 06, 2020. 5. To approve the payment procedure – at a time in one payment. 6. To approve the form of payment of dividends on common shares of ForteBank JSC – in non-cash form to the banking details of shareholders indicated in the Bank shareholders register. Banking details: name ForteBank JSC, Certificate of Incorporation No.4241-1900-AO, location: 8/1, Dostyk str., Nur-Sultan city, Republic of Kazakhstan, Z05P1P0 (010017), payment details: BIN 990740000683, BIC IRTYKZKA, correspondent account KZ23125KZT1001300204 with the National Bank of the Republic of Kazakhstan Republican State Institution. * * * **Issue 3 of the Agenda “On the Report of the Board of Directors of the Bank for the past financial year”** To approve the report of the Board of Directors of ForteBank JSC for the expired fiscal year. * * * **Issue 4 of the Agenda “On the appeals of shareholders to the actions of the Bank and its officials, and the results of consideration thereof”** To take into consideration the information provided by the Management Board of ForteBank JSC that during 2019, the Bank has received 23 appeals from 17 of its shareholders regarding accrual and payment of dividends on ForteBank JSC shares, as well as on the sale of ForteBank JSC shares owned by its shareholders, to which the Bank has responded by sending the appropriate explanations; there were no appeals of shareholders to the actions of the Bank and its officials. * * * **Issue 5 of the Agenda “On the amount and composition of remuneration of members of the Board of Directors and the Management Board of the Bank in 2019”** To take into consideration the attached information on the amount and composition of remuneration of members of the Board of Directors and the Management Board of the Bank in 2019. * * * **Issue 6 of the Agenda “On designation of the audit organization conducting audit and review of the financial statements of the Bank in 2020-2022 and for 2020-2022”** To designate Ernst & Young LLP as the audit organization for conducting audit and review of the financial statements of the Bank in 2020-2022 and for 2020-2022. * * * **Issue 7 of the Agenda “On approval of the Amendment No.6 to the Charter of the Bank” ** 1. To approve the Amendment No.6 to the Charter of the Bank as amended by Annex 1 hereto, which will enter into force on the date of the present resolution commencement. 2. To authorize G. Andronikashvili, the Chairman of the Management Board (or the person acting as such) to sign the Amendment No.6 to the Charter of the Bank on behalf of its shareholders and fulfill other actions associated with the approval of the Amendment No.6 to the Charter of the Bank. * * * *Total common voting shares of the Bank represented at the Meeting during the whole time thereof – 73,714,243,282 (98.7032 % of the total common voting shares).* __________________________________________________________________________________________ Contacts: Investor Relations Tel. +7 (7172) 58 75 75 (int. 10249) E-mail: IR@fortebank.com

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May 14, 2020

ForteBank JSC informs on dividends payment on common shares


**ForteBank JSC informs on dividends payment on common shares** Herewith ForteBank JSC (hereinafter - Bank) informs that the Bank, in accordance with decision made by the Annual General Meeting of Shareholders dated May 4th, 2020 (minutes №01/20) on common shares dividends payment for 2019 in the amount of KZT 0,2372 (zero point twenty-three seventy-two tiyn) per one share, has paid dividends according to available payment details in the amount of KZT 21 108 706 425,33 (twenty-one billion one hundred eight million seven hundred six thousand four hundred twenty-five tenge 33 tiyn), which comprises 99,99% of the total accrued dividends amount, during the period of dividends payment started on May 6th 2020. Based on the decision made by the Annual General Meeting of Shareholders, the dividends were paid according to the payment details provided by Central Securities Depository JSC as of 00:00, Nur-Sultan time, May 5th 2020. Total amount of the Bank’s common shares dividends for 2019 accrued to be paid to the shareholders was KZT 21 109 677 636,23 (twenty-one billion one hundred nine million six hundred seventy-seven thousand six hundred thirty-six, 23) tenge . The accrued dividends that have not been distributed due to the absence of the up-to-date payment details of the shareholders shall be transferred by the Bank to the unclaimed dividends account with Central Securities Depository JSC in compliance with the requirements of clause 4 of article 23 of the Law of the Republic of Kazakhstan On the Joint Stock Companies. Thus, in case of non-delivery of the due and payable dividends, the Bank shareholders should contact Central Securities Depository JSC in order to receive the dividends accrued. You may have preliminary consultation with the specialists of Central Securities Depository JSC regarding the receipt of the dividends by using the following contact details: website: www.kacd.kz; Call Center: +7 (727) 312 33 04, +7 (777) 150 94 22 (WhatsApp only); Hotline (free of charge calls from the landline and mobile phones within the Republic of Kazakhstan): 8 800 080 86 68. _____________________________________________________________________________ Contacts: Investor Relations Tel. +7 (7172) 58 75 75 (int. 10249) E-mail: IR@fortebank.com

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April 2, 2020

Notice: on May 4, 2020, the Annual General Meeting of ForteBank JSC shareholders will take place


ForteBank JSC (hereinafter referred to as the “Bank”), the executive board (Management Board) is located at: bldg. 8/1, Dostyk str., Yessil district, Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan, hereby notifies its shareholders on Annual General Meeting of shareholders of the Bank (hereinafter the “Meeting”) convened at the initiative of the Board of Directors of the Bank (Minutes of Meeting No.10 dated March 31, 2020) on the basis of Article 35.1, Article 37.3.3 and Article 41 of the Republic of Kazakhstan Law “On Joint Stock Companies” (hereinafter the Law “On Joint Stock Companies”). The Meeting will be held on **May 4, 2020** at 10.00 a.m. (Nur-Sultan time), at the following address: Conference Room “Astana”, 8th floor, bldg. 8/1, Dostyk str., Nur-Sultan city. The participants shall be registered on May 4, 2020 from 09.00 a.m. to 09.45 a.m. (Nur-Sultan time) at the venue of the meeting. The register of the Bank shareholders eligible to participate at the Meeting will be compiled as at 00.00 a.m. (Nur-Sultan time) on April 20, 2020. In the absence of a quorum, the adjourned Annual General Meeting of the Bank shareholders will be held on May 5, 2020 at 10.00 a.m. (Nur-Sultan time) at the same address. The participants of the adjourned Annual General Meeting of the Bank shareholders will be registered on May 5, 2020 from 09.00 a.m. to 09.45 a.m. (Nur-Sultan time) at the venue of the meeting. **Agenda of the Meeting** 1. On approval of the 2019 annual financial statements of the Bank. 2. On approval of the procedure for distribution of the Bank’s 2019 net income, the amount of the dividend per common share of the Bank. 3. On the Report of the Board of Directors of the Bank for the past financial year. 4. On the appeals of shareholders to the actions of the Bank and its officials, and the results of consideration thereof. 5. On the amount and composition of remuneration of members of the Board of Directors and the Management Board of the Bank in 2019. 6. On appointment of an audit organization for performance of an audit and review of the financial statements of the Bank in 2020-2022 and for 2020-2022. 7. On approval of an amendment № 6 to the Charter of the Bank. In accordance with part two of Article 43.4.1 of the Law “On Joint Stock Companies”, the agenda of the annual general meeting of shareholders may be supplemented by a shareholder owning, independently or together with other shareholders, five or more percent of the voting shares of the company, or by the board of directors, provided that shareholders of the Bank have been notified of such amendments not later than 15 days prior to the date of the annual general meeting. Pursuant to Article 44.4 of the Law “On Joint Stock Companies”, the materials on issues of the agenda of the meeting shall have been prepared and available for familiarization of shareholders not later than 10 calendar days before the date of the General Meeting of shareholders at the location of the Management Board of the Bank. Upon request of a shareholder of the Bank, the materials on issues of the agenda of the meeting shall be sent thereto within three business days of the day of receipt of the request, provided that the costs for making copies of documents and delivery of documents shall be borne by the Bank. For more information on holding the meeting, please call: +7 (7172) 59 99 99, extension 10200. We hereby offer the shareholders of the Bank to acquaint themselves with the following procedure for holding the meeting. In accordance with article 17.5 of the Republic of Kazakhstan Law “On Banks and Banking Activities in the Republic of Kazakhstan”, “legal entities incorporated in offshore zones the list whereof is established by the competent authority (see: resolution of the Management Board of the Agency of the Republic of Kazakhstan for regulation and development of financial market dated February 24, 2020, № 8 On establishing a list of offshore zones for the purposes of banking and insurance business, business of the professional participants of stock market and other licensable types of activity on the stock market, business of the joint stock investment funds and business of organizations performing micro-financial activities), shall not be able to directly or indirectly own and (or) use, and (or) dispose the voting shares of the Republic of Kazakhstan resident banks”. According to para.5-1 of the named article, “the shareholder participating at the general meeting of shareholders shall submit a statement which indicates the compliance with para.5 of this article by its shareholders (participants), in case the bank has no information on country of residence of such shareholders (participants)”. The second subparagraph of current para. stipulates that “a shareholder who has not submitted the above statement is not allowed to participate at the general meeting of shareholders”. In this regard, at registration, participants of the Meeting shall submit documents confirming their eligibility to participate at the Meeting and vote on issues considered at the Meeting. The shareholders (representatives thereof) arrived shall be registered before opening of the meeting. It is required to have an identity document. A representative of the shareholder must submit a power of attorney confirming the authority thereof to participate and vote at the meeting, or a document confirming the eligibility to act on behalf of the shareholder or represent interests thereof without a power of attorney. A shareholder (representative of a shareholder) who has not been registered shall not be counted in determining the quorum and shall not be entitled to vote. The meeting opens at the announced time if a quorum is present. The meeting shall hold elections of the chairperson and secretary of the meeting, determine the form of voting – open or secret (by poll). In accordance with Article 50.1 of the Law “On Joint Stock Companies”, voting on the agenda of the annual general meeting of shareholders is carried out under the principle of “one share – one vote”, except for cumulative voting when electing members of the Board of Directors and providing each person eligible to vote at an annual general meeting of shareholders, with one vote on the procedural issues of holding the general meeting of shareholders. The chairperson shall not be entitled to interfere with the speeches of those eligible to participate in the discussion of the agenda issue, except for cases when such speeches result in violation of the rules of the meeting or when the dispute on this issue is over. The annual general meeting of shareholders shall be entitled to take a decision on suspension of its work and on extension of the period of work, including postponement of consideration of certain issues of the agenda of the general meeting of shareholders to the following day. An annual general meeting of shareholders may be declared closed only after consideration of all issues of the agenda and adoption of resolutions thereon. In accordance with Article 52.1 of the Law “On Joint Stock Companies”, the minutes of the annual general meeting of shareholders shall be drawn up and signed within three business days after the closing of the general meeting of shareholders. The meeting shall be held in accordance with Articles 35-37, 39-48, 50-52 of the Law “On Joint Stock Companies”, Articles 17.5 and 17.5-1 of the Law “On Banks and Banking Activities”, and Article 15 of the Bank Charter. We look forward to welcoming the shareholders of the Bank to participate in the Annual General Meeting of shareholders of the Bank.

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December 4, 2019

Fitch Ratings revised the Outlook on ForteBank from Stable to Positive


PRESS RELEASE Nur-Sultan city 04.12.2019 Fitch Ratings revised the Outlook on ForteBank from Stable to Positive On December 3rd, 2019, Fitch Ratings announced its decision to revise the outlook from Stable to Positive and to confirm the Long-Term Issuer Default Rating (IDR) of ForteBank at “B”. According to Fitch analysts: “ForteBank has demonstrated stable and reasonable profitability in the past few years (ROAA and ROAE at 2,3% and 20% in 9M19, respectively), which we view as sustainable. Forte’s overall asset quality is of a lower-risk asset structure. The funding and liquidity profile is a relative rating strength.” Mr. Guram Andronikashvili, Chairman of the Management Board of ForteBank, commented on the news: “ForteBank’s outlook upgrade by Fitch is an important event for us and our clients, once again proving the stability and reliability of the bank. We continuously demonstrate positive financial results, which reflect deep trust of our clients in ForteBank.” As a reminder, earlier Moody’s Investors Service upgraded the long-term deposit rating of ForteBank from B3 to B1 (by two notches at once), with Stable outlook, and S&P Global Ratings upgraded ForteBank’s rating from “B” to “B+”, with Stable outlook. In 2019, ForteBank demonstrates qualitative growth in terms of the key financial metrics: * · +15,8% (+280,7 billion KZT) assets growth since the beginning of the year, which allowed the bank to join the top-3 largest banks in the country; · +5% (+32,6 billion KZT) bank’s loan portfolio growth; · +7,5% (+83,3 billion KZT) bank’s deposit portfolio growth; · +49,9% (+5,2 billion KZT) growth of the bank’s fee and commission income in 9M19, in comparison with the same period in 2018; · +46,5% growth of net profit according to the operating results in 9M19, in comparison with 9M18. · The Bank continues to have one of the highest capital adequacy ratio on the market – 17,4% (K2) – (data from the National Bank of the Republic of Kazakhstan) · Liquidity ratio also continues to stay at a high level and amounts to -156%. * as of 01.10.2019 _________________________________________________________________________________ Following the 2018 results, ForteBank is among the three largest banks in Kazakhstan in terms of assets, and occupies leading positions in terms of capitalization and liquidity. ForteBank mobile application was recognized as No.1 in Kazakhstan and among the top 10 in the CIS according to Markswebb, Russian analytical agency. ForteBank was recognized as “Bank of the year in Kazakhstan” by The Banker and Global Finance for the second year in a row.

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November 19, 2019

Notice of Notes Redemption at the option of the Bank


JSC ForteBank (formerly JSC Alliance Bank) (the “Bank”) U.S.$236,570,000 11.75 per cent. Notes due 2024 (the “Notes”) (ISIN (Unrestricted Notes): XS1153772725; ISIN (Restricted Notes): XS1154028200) Notice of Redemption at the option of the Bank Reference is made to the U.S.$236,570,000 11.75 per cent. Notes due 2024 (the “Notes”) issued by JSC ForteBank (formerly known as JSC Alliance Bank) (the “Bank”) pursuant to a Trust Deed dated 15 December 2014 between the Bank and BNY Mellon Corporate Trustee Services Limited (the “Trustee”), (the “Trust Deed”). NOTICE IS HEREBY GIVEN that: The Bank intends to exercise its right to redeem the Notes at the option of the Bank in whole at 108 per cent. of the principal amount pursuant to the terms and conditions set out in clause 8(c) Schedule 4 of the Trust Deed, together with interest accrued but unpaid on the principal amount redeemed to, but excluding, the date fixed for redemption (the “Early Redemption Amount”). The Early Redemption Amount shall be U.S.$1.08 per U.S.$1.00 in outstanding principal amount of Notes. The Bank will exercise its right to redeem the Notes on the Second Interest Payment Date (being the 15th of December 2019). Given the Second Interest Payment Date does not fall on a business day (as defined in clause 7(f) of Schedule 4 of the Trust Deed), the redemption will occur on the 16th of December 2019 (for value date 15th of December 2019, in accordance with clause 7(f) of Schedule 4 of the Trust Deed). Such redeemed Notes will be cancelled and shall not be reissued or resold. This Notice is irrevocable. Each prepayment in respect of the Notes will be made to the Person shown as the holder in the Register at the close of business (in the place of the Registrar’s specified office) on the day two business days prior to the due date for such payment (the “Record Date”). Terms used herein but not otherwise defined have the meanings given thereto in the Trust Deed. For further information, please contact: ForteBank JSC Investor Relations Tel.: +7 (727) 244 09 73 E-mail: IR@fortebank.com

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May 14, 2019

Notice: extraordinary general meeting of ForteBank JSC shareholders to be held on June 13, 2019


ForteBank JSC (hereinafter referred to as the “Bank”) of which the executive board (Management Board) is located at: 8/1, Dostyk str., Yessil district, Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan, hereby notifies its shareholders that Extraordinary General Meeting of Shareholders of the Bank (hereinafter the “Meeting”) summoned at the initiative of the Board of Directors of the Bank (Minutes of Meeting No.21 dated 11 May 2019) on the basis of Article 35.1, Article 37.3.3 and Article 41 of the Republic of Kazakhstan Law “On Joint Stock Companies” (hereinafter the Law “On Joint Stock Companies”). The Meeting will be **held on 13 June 2019 at 10.00 a.m. (Nur-Sultan time)**, at the following address: Conference Room “Astana”, 8th floor, 8/1, Dostyk str., Nur-Sultan city. The participants shall be registered on 13 June 2019 from 09.00 a.m. to 09.45 a.m. (Nur-Sultan time) at the venue of the meeting. The register of the Bank shareholders eligible to participate at the Meeting will be compiled as at 00.00 a.m. (Nur-Sultan time) on 29 May 2019. In the absence of a quorum, the adjourned Extraordinary General Meeting of the Bank Shareholders will be held on 14 June 2019 at 10.00 a.m. (Nur-Sultan time) at the same address. The participants of the adjourned Extraordinary General Meeting of the Bank Shareholders will be registered on 14 June 2019 from 09.00 a.m. to 09.45 a.m. (Nur-Sultan time) at the venue of the meeting. **Agenda of the Meeting** – On the composition of the Board of Directors of the Bank and on determining the level of remuneration of members of the Board of Directors of the Bank. In accordance with Article 43.4.1 of the Law “On Joint Stock Companies”, the agenda of the annual general meeting of shareholders may be amended by a shareholder owning, independently or together with other shareholders, five or more percent of the voting shares of the company, or by the board of directors, provided that shareholders of the Bank have been notified of such amendments not later than 15 days prior to the date of the annual general meeting. Pursuant to Article 44.4 of the Law “On Joint Stock Companies”, the materials on issues of the agenda of the meeting shall have been prepared and available for familiarization of shareholders not later than 10 days before the date of the General Meeting of Shareholders at the location of the Management Board of the Bank. Upon request of a shareholder of the Bank, the materials on issues of the agenda of the meeting shall be sent thereto within three business days upon receipt of the request, provided that the costs for making copies of documents and delivery of documents shall be borne by the shareholder. For more information on holding the meeting, please call: +7 (7172) 59 99 99, extension 10200. We hereby offer the shareholders of the Bank to acquaint themselves with the following procedure for holding the meeting. In accordance with article 17.5 of the Republic of Kazakhstan Law “On Banks and Banking Activities in the Republic of Kazakhstan”, “legal entities incorporated in offshore zones the list whereof is established by the competent authority (see: Letter No.04-01-14/1615 from the Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Institutions dated 29 April 2009), are not able to directly or indirectly own and (or) use, and (or) dispose the voting shares of the Republic of Kazakhstan resident banks”. According to para.5-1 of the named article, “the shareholder participating at the general meeting of shareholders shall submit a statement which indicates the compliance with para.5 of this article by its shareholders (participants), in case the bank has no information on country of residence of such shareholders (participants)”. The second subparagraph of current para. stipulates that “a shareholder who has not submitted the above statement is not allowed to participate at the general meeting of shareholders”. In this regard, at registration, participants of the Meeting shall submit documents confirming their eligibility to participate at the Meeting and vote on issues considered at the Meeting. The shareholders (representatives thereof) arrived shall be registered before opening of the meeting. It is required to have an identity document. A representative of the shareholder must submit a power of attorney confirming the authority thereof to participate and vote at the meeting, or a document confirming the eligibility to act on behalf of the shareholder or represent interests thereof without a power of attorney. A shareholder (representative of a shareholder) who has not been registered shall not be counted in determining the quorum and shall not be entitled to vote. The meeting opens at the announced time if a quorum is present. The meeting shall hold elections of the chairperson and secretary of the meeting, determine the form of voting – open or secret (by poll). In accordance with Article 50.1 of the Law “On Joint Stock Companies”, voting on the agenda of the extraordinary general meeting of shareholders is carried out under the principle of “one share – one vote”, except for cumulative voting when electing members of the Board of Directors and providing each person eligible to vote at an extraordinary general meeting of shareholders, with one vote on the procedural issues of holding the general meeting of shareholders. At cumulative voting, the votes granted by the shares may be given by the shareholder all in favor of one nominated member of the board of directors, or distributed among several nominated members of the board of directors. The chairperson shall not be entitled to interfere with the speeches of those eligible to participate in the discussion of the agenda issue, except for cases when such speeches result in violation of the rules of the meeting or when the dispute on this issue is over. The extraordinary general meeting of shareholders shall be entitled to take a decision on suspension of its work and on extension of the period of work, including postponement of consideration of certain issues of the agenda of the general meeting of shareholders to the following day. An extraordinary general meeting of shareholders may be declared closed only after consideration of all issues of the agenda and adoption of resolutions thereon. In accordance with Article 52.1 of the Law “On Joint Stock Companies”, the minutes of the extraordinary general meeting of shareholders shall be drawn up and signed within three business days after the closing of the general meeting of shareholders. The meeting shall be held in accordance with Articles 35, 36, 37, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 50, 51, 52 and 54 of the Law “On Joint Stock Companies”, Articles 17.5 and 17.5-1 of the Law “On Banks and Banking Activities”, and Article 15 of the Bank Charter. In accordance with the issue of the agenda of the Meeting “On determining the number of members, term of appointment of the Bank’s Board of Directors, election of members thereof, determining the amount and terms of remuneration, as well as reimbursement of expenses for the members of the Bank’s Board of Directors for performance thereby of responsibilities of theirs”, we kindly ask you, to submit to the Bank the list of nominated members of the Board of Directors of the Bank by 6 p.m. on 29 May 2019. We inform that in accordance with Article 44.2 of the Republic of Kazakhstan Law “On Joint Stock Companies”, the information on proposed nominated members of the Board of Directors of the Bank should include: 1) last name, first name, and patronymic (optional); 2) education background; 3) information on affiliation with the Bank; 4) information on places of work and positions held for the last three years; 5) other information confirming the qualification and experience of the candidate. The person proposed (recommended) to be elected as a member of the Board of Directors of the Bank must comply with the requirements for executives established by Article 20 of the Republic of Kazakhstan Law “On Banks and Banking Activities in the Republic of Kazakhstan”, Article 54 of the Republic of Kazakhstan Law “On Securities Market”. The person proposed (recommended) to be elected to hold the position of an Independent Director must meet the requirements of Article 1.20 of the Law “On Joint Stock Companies” as well. We look forward to welcoming the shareholders of the Bank to participate in the Extraordinary General Meeting of Shareholders of the Bank.

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May 1, 2019

ForteBank has completed the acquisition of 100% of the shares of Bank Kassa Nova


ForteBank JSC announces the closure of the transaction for acquisition of 100% of shares of Bank Kassa Nova JSC. The transaction has been completed after obtaining the approval of the National Bank of the Republic of Kazakhstan. “The acquisition of Kassa Nova is one of the steps to implement the strategy of ForteBank JSC development aimed at the consolidation of the banking assets of the group. This transaction will allow ForteBank JSC work with certain more niche segments of the market, and will give Kassa Nova an impetus to further development, will strengthen the financial performance of the bank, and allow its customers gain access to technological and product solutions implemented at ForteBank JSC,” Mr. Guram Andronikashvili, Chairman of the Management Board of ForteBank JSC, commented. Ms. Sholpan Nurumbetova, Chairwoman of the Management Board of Bank Kassa Nova JSC, also noted that this event is fully consistent with the bank’s business development strategy: “In the period of rapid development and market changes, this transaction is a successful step to strengthen financial stability and increase the liquidity of the Bank. Thanks to the access to ForteBank’s technological solutions, we will be able not only to optimize costs, but also to improve the quality of services. As a result, our employees and customers will receive a full range of unique services with the most favorable and comfortable conditions.” Bank Kassa Nova JSC will continue to function as a full-fledged subsidiary bank and fulfill its obligations to depositors, creditors and investors. *At the end of 2018, ForteBank is one of the three largest banks in Kazakhstan in terms of assets, and occupies a leading position in terms of capitalization and liquidity. ForteBank mobile application was recognized as №1 in Kazakhstan and among the top 10 in the CIS according to Markswebb, Russian analytical agency. For the second consecutive year, ForteBank has been recognized as “Bank of the year in Kazakhstan” by The Banker and Global Finance.*

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May 1, 2019

ForteBank has completed the acquisition of 100% of the shares of Bank Kassa Nova


ForteBank JSC informs about the decision of acquiring 100% of Bank Kassa Nova JSC shares belonging to Nova Leasing JSC. “The acquisition of Kassa Nova shall consolidate the group’s banking assets and give customers of both banks the access to product and technology solutions. The banks will work to further improve the synergy and efficiency of their resources,” **Guram Andronikashvili**, Chairman of the Management Board of ForteBank, commented. **Sholpan Nurumbetova**, Chairman of the Management Board of Bank Kassa Nova JSC, confirmed that this event is fully consistent with the Bank’s business development strategy: “The upcoming deal will give an impetus to the growth of business and profitability of Kassa Nova. We are confident that our customer base will not only remain, but also increase due to the strengthening of the position of Kassa Nova in the market of Kazakhstan, thanks to access to ForteBank technologies. And in this, we see good opportunities for confident development.” Bank Kassa Nova JSC will continue to operate as a full-fledged subsidiary bank, and fulfill its obligations to depositors, creditors and investors. The closing of the deal is expected immediately after obtaining the relevant permits of the National Bank of the Republic of Kazakhstan and the permits of other creditors.

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May 17, 2017

On voting results at the annual general shareholders meeting held on April 29, 2019


ForteBank JSC (Management Board is located at: bldg. 8/1, Dostyk str., Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan) (hereinafter the “Bank”) hereby announces the voting results at the Annual General Meeting of the Bank Shareholders (hereinafter the “Meeting”) held on April 29, 2019 from 10.00 to 11.00 by Nur-Sultan standard time, at the following address: “Astana” Conference Room, 8th floor, bldg. 8/1, Dostyk str., Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan. In accordance with the approved agenda, the following issues were considered at the Meeting, and following resolutions were passed based on the voting results. **Issue 1 of the Agenda “On approval of the 2018 annual financial statements of the Bank”** To approve the attached audited annual financial statements of ForteBank JSC for the year ended December 31, 2018, including consolidated ones. **Issue 2 of the Agenda “On approval of the order of distribution of the Bank’s 2018 net income, the amount of the dividend per common share of the Bank”** 1. To approve the following treatment of a part of undistributed profit of ForteBank JSC for 2018: – the amount up to a maximum of KZT 11,600,000,000.00 (eleven billion six hundred million tenge) to be allocated for payment of dividends; – the amount of net income remaining after the payment of dividends to be retained at the disposal of the Bank. 2. To approve the amount of dividend per common share of ForteBank JSC in the amount of KZT 0.127 (twelve point seven tiyn), including the amount of taxes payable in accordance with the laws of the Republic of Kazakhstan. The total amount of dividends payable to each shareholder must be accurate to the integer tiyn (rounding is performed according to the mathematical rounding rules). The rule of mathematical rounding is the method of rounding, when the value of an integer tiyn (integer tiyns) does not change if the first digit after the one being rounded is from 0 to 4, and changes by increasing by one if the first digit after the one being rounded is from 5 to 9. 3. To record the list of shareholders eligible to receive dividends as of May 02, 2019, 00:00 by Nur-Sultan standard time. 4. To determine the date of commencing of dividend payment on common shares of ForteBank JSC – starting from May 03, 2019. 5. To approve the payment procedure – at a time by one payment. 6. To approve the form of payment of dividends on common shares of ForteBank JSC – in non-cash form to the banking details of shareholders in the system of the Bank share holder registers. Banking details: name ForteBank JSC, Certificate of Incorporation No.4241-1900-AO, location: bldg. 8/1, Dostyk str., Nur-Sultan city, Republic of Kazakhstan, Z05P1P0 (010017), BIN 990740000683, BIC IRTYKZKA, correspondent account KZ23125KZT1001300204 with National Bank of the Republic of Kazakhstan Republican State Institution. **Issue 3 of the Agenda “On the Report of the Board of Directors of the Bank for the past financial year”** To approve the report of the Board of Directors of ForteBank JSC for the expired fiscal year. **Issue 4 of the Agenda “On the appeals of shareholders to the actions of the Bank and its officials, and the results of consideration thereof”** To take in consideration the information provided by the Management Board of ForteBank JSC that during 2018, the Bank received 24 appeals from its shareholders regarding accrual and payment of dividends on ForteBank JSC shares, as well as on the sale of ForteBank JSC shares owned by its shareholders, and that following the consideration of these appeals, ForteBank JSC sent letters to shareholders with appropriate explanations. **Issue 5 of the Agenda “On the amount and composition of remuneration of members of the Board of Directors and the Management Board of the Bank in 2018”** To take into consideration the attached information on the amount and composition of remuneration of members of the Board of Directors and the Management Board of the Bank in 2018. **Issue 6 of the Agenda “On approval of an amendment to the Charter of the Bank”** 1. To approve Amendment No.5 to the Charter of ForteBank Joint Stock Company as amended by Annex 1 hereto, which will enter into force on the date of adoption of the present resolution. 2. To authorize G. Andronikashvili, Chairman of the Management Board (or the person acting as such) to sign Amendment No.5 to the Charter of ForteBank Joint Stock Company on behalf of its shareholders and fulfill other actions associated with the approval of Amendment No.5 to the Charter of ForteBank Joint Stock Company. 3. To approve in all effective internal documents of the Bank as approved by resolutions of the general meeting of shareholders the change of the name of the Republic of Kazakhstan capital, Astana city, in its full, abbreviated and other names in various spelling variants, various letter cases and various grammatical cases to the name of “Nur-Sultan” in the respective letter cases and grammatical cases. 4. To approve in all effective internal documents of the Bank as approved by resolutions of the general meeting of shareholders the change of the name of the street in Almaty city “Furmanov street”, in its full, abbreviated and other names in various spelling variants, various letter cases and various grammatical cases to the name of “Nursultan Nazarbayev avenue” in the respective letter cases and grammatical cases. Total common voting shares of the Bank represented at the Meeting during the whole time thereof – 73,714,243,282 (98.5976 % of the total outstanding common shares).

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№3

by assets among second-tier banks

As of 01 January 2020 ForteBank ranks 3-rd in terms of assets among the second-tier banks in Kazakhstan

+67%

personal internet banking users

In 2019 number of active clients in Personal Internet Banking increased by 67%

KZT 21.1 billion

dividend payout

In May 2020 ForteBank paid dividends on the results of 2019 in the amount KZT 21.1 billion

19.6%

capital adequacy

The capital adequacy ratio, which measures the ratio of the Bank’s equity to risk-weighted assets (К1), as of 31 March 2020, was 19.6% at a statutory ratio of no less than 5.5%.

45%

net profit

2019 net profit exceeds by 45% the similar indicator for 2018