Sole shareholder of Subsidiary Bank Alfa-Bank approves 2018 financial statements and net income distribution procedure
/KASE, April 17, 2019/ – Subsidiary Bank Alfa-Bank (Almaty), whose bonds are 
officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about
decisions of its sole shareholder dated April 15, 2019:

- to approve the bank's 2018 financial statements;

- to approve the following procedure of distribution of the bank's 2018 net 

  - not to pay out dividends on the bank's ordinary shares for 2018;

   - to allocate the bank's 2018 net income to retained earnings of past years;

- to take note of information on absence of appeals of the sole shareholder 
  against actions of the bank and its executives in 2018;

- to take note of information on remuneration of members of the bank's Board 
  of Directors and Management Board.

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