ANALYSIS: 30 the most capitalized listing companies of KASE as of June 1 of 2006 (shares market)

/IRBIS, Sergey Yakovlev, June 2, 06/ - IRBIS, the information agency of financial markets (Almaty) has compiled top-30 of the most capitalized companies, shares of which are in Kazakhstan stock exchange's (KASE) official securities list. Table of ranking as of morning June 1 of 2006 and comparable data as of morning May 1 of 2006 are given below. ------------------------------------------------------------------------------ As of June 1, 06: As of May 1, 06: Change of: Brief or ---------------------- ---------------------- ---------------- abbreviated po- capita- stake po- capita- stake capita- stake, name of company si- lization, of com si- lization, of com lization, perc. (all - JSC) tion m. USD pany, % tion m. USD pany, % m. USD points --------------- ---- --------- ------- ---- --------- ------- --------- ------ CNPC-Aktobe- 1 6713.9 20.93 1 9060.1 25.49 -2346.2 -4.56 munaygas Bank TuranAlem 2 3757.2 11.71 2 5458.1 15.36 -1700.9 -3.64 Kazakhtelecom 3 3641.9 11.35 4 4334.0 12.19 -692.2 -0.84 Kazkommertsbank 4 3246.3 10.12 3 4545.2 12.79 -1298.9 -2.67 Halyk bank 5 2668.6 8.32 6 2673.1 7.52 -4.5 +0.80 KAZZINC 6 2212.3 6.90 5 2887.0 8.12 -674.7 -1.23 TNC Kazchrome 7 1655.0 5.16 24 63.5 0.18 +1591.5 +4.98 ATFBank 8 1234.6 3.85 8 824.3 2.32 +410.3 +1.53 Alliance-Bank 9 1075.2 3.35 7 1052.2 2.96 +23.0 +0.39 Bank 10 942.5 2.94 9 571.6 1.61 +370.9 +1.33 CenterCredit Pavlodar ES 11 789.9 2.46 21 116.1 0.33 +673.8 +2.14 Aluminium of 12 611.3 1.91 16 241.3 0.68 +370.0 +1.23 Kazakhstan UKTMC 13 560.6 1.75 10 562.0 1.58 -1.4 +0.17 TEXAKABANK 14 509.6 1.59 11 496.7 1.40 +12.9 +0.19 BANK CASPIAN 15 350.6 1.09 12 445.2 1.25 -94.6 -0.16 Astana-Finance 16 294.6 0.92 15 287.1 0.81 +7.5 +0.11 Nurbank 17 278.0 0.87 13 331.8 0.93 -53.9 -0.07 KazTransCom 18 265.9 0.83 14 306.9 0.86 -41.1 -0.03 Temirbank 19 226.8 0.71 18 196.4 0.55 +30.4 +0.15 Mangistau- 20 149.1 0.46 17 227.2 0.64 -78.1 -0.17 munaygas Valut-Tranzit- 21 112.5 0.35 20 136.6 0.38 -24.2 -0.03 Bank Kazakhinstrakh 22 108.6 0.34 19 155.9 0.44 -47.3 -0.10 Corporation 23 93.8 0.29 22 84.2 0.24 +9.6 +0.06 Ordabasy Kant 24 85.0 0.26 32 22.1 0.06 +62.9 +0.20 Temirleasing 25 82.0 0.26 25 50.0 0.14 +32.0 +0.12 CHARALTYN 26 74.2 0.23 23 80.3 0.23 -6.1 +0.01 Kazinvestbank 27 50.5 0.158 26 49.3 0.14 +1.3 +0.02 Chimfarm 28 50.1 0.156 27 48.9 0.14 +1.3 +0.02 AOEP 29 47.0 0.15 28 45.8 0.13 +1.2 +0.02 Tsesnabank 30 31.5 0.10 29 30.7 0.09 +0.8 +0.01 ------------------------------------------------------------------------------ Abbreviations in the table Halyk bank - Halyk savings bank of Kazakhstan JSC; UKTMC - Ust- Kamenogorsk titanium-magnesium combine JSC; Kazakhinstrakh - Foreign insurance company Kazakhinstrakh JSC; Pavlodar ES - PAVLODARENERGOSERVICE JSC, AOEP - Aktyubinsk oil equipment plant JSC. In order to get exact brief names of other companies one should put "JSC" after the name. Notes Company's market capitalization is value, equal to the product of the number of the company's shares (common and preferred), which are in circulation, and price of the last deal, made on KASE in the shares. Number of paid shares is determined by KASE as difference between the number of announced shares and number of shares on issue and re-issue accounts of the issuer (including nominal holding), as well as shares, which, according to nominal holder, are in issuer's ownership. It's notable that in company's market capitalization calculation KASE considers new number of paid up shares not to the date of compiling the extract from the register, but to the date of receiving the extract by the exchange (to be more precisely to the date of its processing by the exchange). Disadvantages of such method are obvious. However using another method is impossible since KASE calculates capitalization daily, takes it into account in indexes and can not recalculate these indicators backdating. According to the Listing rules, companies, whose securities have been included in KASE's official securities list, are obliged to furnish stock exchange with extracts from register system of shareholders, at present, in the beginning of each calendar quarter. Each extract is processed by KASE either on the day of receipt, or the next working day. However, many issuers present extracts on specified in it date with a considerable delay (from several days to several months). Although, among companies, which present extracts with the longest delay, as a rule there are industrial organizations, with rarely changed authorized capitals. Price of the last deal is used while calculating company's market capitalization on KASE until now regardless the deal was market or nego. If no deals were made in shares of any company on KASE, and at that, authorized bodies in the old legal framework registered all issues of such shares, face value of shares is taken into account while calculating. If shares issue has been registered in a new legal framework (in other words the notion of face value exists only for company's founders while forming dues), in case of absence of deals in this issue of shares their market value equals to zero. While calculating companies' market capitalization to the date of ranking, deals made on KASE in the shares on that day, are not considered. In other words, capitalization is calculated by the results of the last trades previous to ranking date. Company's market capitalization index is calculated in Kazakhstan tenge. It's converted into US dollars at weighted average rate of tenge against dollar, formed in the morning session of KASE in the last working day, preceding to ranking date. Company's stake, % is the indicator, received by ascription of company's market capitalization to total capitalization of exchange's market of shares of KASE's official securities list and expressed as percentage. At closing of the market as of May 31 of 2006 this indicator was USD32,074.6 m. KASE's official securities list comprised 92 shares of 64 issuers. [2006-06-02]