S&P Rates Golomt Bank's Senior Notes 'B+'

(The following was released by the rating agency) HONG KONG (Standard & Poor's) April 10, 2012--Standard & Poor's Ratings Services today assigned its 'B+' long-term issue rating to a proposed offshore issue of senior unsecured notes by Golomt Bank of Mongolia (B+/Positive/B). The rating on the notes is subject to our review of the final issuance documentation.

The U.S.-dollar-denominated notes will have a fixed-rate coupon. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of Golomt Bank.