Moody's withdraws Bank Technique OJSC's ratings

- Long-term local-currency deposit rating of Caa2

- Long-term foreign-currency deposit rating of Caa2

- Short-term local and foreign-currency deposit ratings of Not Prime

- Long-term Counterparty Risk Assessment of Caa1(cr)

- Short-term Counterparty Risk Assessment of Not Prime(cr)

- Baseline credit assessment (BCA) of caa3

- Adjusted Baseline Credit Assessment of caa3

At the time of the withdrawal the long-term bank deposit ratings carried a negative outlook.

RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

Headquartered in Baku, Azerbaijan, Bank Technique reported total assets of AZN568.5 million, total shareholders' equity of AZN49.8 million and net income of AZN1.3 million, according to audited International Financial Reporting Standards as of 30 June 2014.