Detailed information regarding the withholding …

Detailed information regarding the withholding tax in Kazakhstan Introduction This information is prepared for shareholders and Global Depositary Receipt (GDR) holders of JSC Kazkommertsbank ( the Bank ), who are non-residents of the Republic of Kazakhstan, not holding any business activity through permanent establishment and willing to sell their holdings of shares of JSC Kazkommertsbank in accordance with JSC Kazkommertsbank proposal dated August 11, 2014 ( Shareholders ). In accordance with general requirement of the tax legislation of the Republic of Kazakhstan payment of purchase price for shares held by shareholders ( the Shares ), should be made by JSC Kazkommertsbank as a purchaser ( the Purchaser ) must withhold individual or corporate income tax ( the Tax ). Centralized reception of documents provided by еру Shareholders in regard to the withholding tax is exercised by the Bank (both for common shares and GDRs).

Detailed information regarding the withholding tax in Kazakhstan Introduction This information is prepared for shareholders and Global Depositary Receipt (GDR) holders of JSC “Kazkommertsbank” (“the Bank”), who are non-residents of the Republic of Kazakhstan, not holding any business activity through permanent establishment and …

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