Holding Samruk JSC explains the procedure of purchase of common shares of Kazakhtelecom JSC by physical entities and other aspects of the planned offering

/KASE, November 29, 06/ - The press service of Kazakhstan holding for control over the state assets Samruk JSC (Holding Samruk JSC) has spread today the press release, saying: Quotation start Instruction on purchase of shares of Kazakhtelecom JSC Where and when is it achievable to submit the application for purchase of shares? The person, who is willing to purchase common shares of Kazakhtelecom JSC (hereinafter - the Declarant), is supposed to address to one of the admission offices of Kazpost JSC. The list of addresses with contact information will be published in newspapers The Kazakhstanskaya Pravda and The Yegemen Kazakhstan on November 30, 2006. Applications are admitted daily, besides Sunday, from September 30 2006 to December 10 2006. The time to admit the applications is set from 09:00 a.m. to 18:00 p.m., the lunch time - from 13.00 p.m. to 14.00 p.m. How to submit the application The declarant must provide the operator of Kazpost JSC with following documents, listed below: - The document, proving the identity (which will be given ach after check with the copy). It is allowed to submit the passport or identity card. - The photocopy of the document, proving the identity. - The tax certificate about о conferring RTN (to be given back after being revised with the copy). - The photocopy of the tax certificate of the Declarant. A representative of the Declarant, acting by proxy, can also submit the application. In this case the following listed documents to be provided: - The photocopy of the document, proving the identity of the Declarant. - The photocopy of the tax certificate of the Declarant. - The document, proving the identity of the representative. - The power to represent interests of the Declarant, drawn up in compliance with civil legislation of the Republic of Kazakhstan (to be left in the hands of an operator). The power to represent interests of the Declarant can be either general or it must specify the price, the amount of shares and the list of legal actions, directed to purchase of common shares of Kazakhtelecom JSC, which the representative has the legal right to execute. The Declarant has the legal right to submit the single application. In case there is submitted more than one application, the application, admitted the last one in terms of time, will be taken into consideration. Other applications will be cancelled. The operator of Kazpost JSC will fill in the application online. The application is printed in number of two copies and presented to the Declarant to be signed. The Declarant before signing the application must to get known the context and to check parameters of the application. After signing the application, the responsibility for data, given in the application, is accounted upon the Declarant. The operator of Kazpost JSC must attest the copies, signed by the Declarant. The single copy of the application will be given back to the Declarant. The second specimen with the photocopy of the identification card and tax certificate will be left in the operator's of Kazpost JSC. Which price of the share to be in the application The seller of shares will set the prices range, which will be published in newspapers The Kazakhstanskaya Pravda and The Yegemen Kazakhstan on November 30 2006. The Declarant has the legal right to set any price within the declared range. How bids to be satisfied Afterward, when the time to admit the application to be expired, the seller will determine parameters of bids satisfaction. Parameters to satisfy bids will be published in newspapers The Kazakhstanskaya Pravda and The Yegemen Kazakhstan, and also will be provided for every mail delivery office of Kazpost JSC not earlier than December 15. Signing of the purchase and sale contract and of other documents After parameters of bids satisfaction will be published in media, the Declarant must address to the admission office of Kazpost JSC, in which he submitted its application for purchase of the shares. The operator, who admitted the application, is supposed to inform the Declarant about results of the consideration session. If the bid is satisfied either completely or partially, the operator will inform the amount, which the Declarant must pay, and also terms of payment and the time, set to sign the documents. Payment of shares is made completely for the entire amount of shares to be purchased, and only in cash. Payment of shares piece-meal is not received. Payment of shares in cash is acceptable in the office, where the application was submitted. The remuneration by cashless payment is made by requisites of the seller, which are provided by the operator of Kazpost JSC. After getting the payment for shares, the operator will provide the Declarant with the portfolio of documents to be signed, which includes: - The purchase and sale contract in number of two copies. - The contract on nominal holding in number of two copies*. - The order to open the personal account of the Declarant in the account system of Kazpost JSC and sub-account in the account system of Central securities depository in number of two copies. - The order to pay shares to the personal account of the Declarant in number of two copies. - After signing the above-mentioned documents by the purchaser, the single copy of each document will be passed to the Declarant, and the second copy will be let in the hands of the operator of Kazpost JSC. In order to legalize the right for holding of shares, the personal accounts will be opened in the account system of Kazpost JSC for every Declarant, of which bids were satisfied, to this account will the purchased shares be paid. In order to get the confirmation of registration of the purchase and sale deal in shares, the Declarant has the right to address to the admission office of Kazpost JSC. *At that, if the issuer is going to purchase its sales further on the organized market of securities (the stock exchange), he can conclude the contract on broker serving at the same time, on the basis of which Kazpost JSC can act as the Broker of the client in order to sell his shares on the stock exchange. INCOMES, RECIEIVED FROM SALES OF SHARES ON THE STOCK EXCHANGE, ARE NOT LIABLE TO TAX. Quotation end [2006-11-29]