Troika Dialog Kazakhstan JSC informs on registration of open unit investment fund Troika Dialog Balanced

/IRBIS, July 14, 08/ - Troika Dialog Kazakhstan JSC (Almaty), the member of Kazakhstan Stock Exchange (KASE) by "A", "K", "P" and "H" categories, disseminated today press release of the following content: Quotation start Troika Dialog Kazakhstan JSC announces on registration and beginning of shares offering of open unit investment fund Troika Dialog Balanced. The fund will provide to Kazakhstan investors opportunity to earn on investments in Kazakhstan issuers` securities. According to Dmitriy Zherebyatev, the Chairman of Board of Troika Dialog Kazakhstan JSC Kazakhstan market of collective investments expects long way of development. Today there are nearly 2000 clients of UIF in Kazakhstan when in Russia, according to some estimation, the amount of such clients makes 400 000 people. "The main activity should develops in two key directions, he said. - At first, it is changing investors` mentality. Unfortunately, majority still takes the stock market as casino, but not the opportunity for investments. Secondly, managing companies also should make advances to clients and offer interesting instruments for investing and their accrual, without expecting favorable situation on the market. I think that entering Kazakhstan market of collective investments of such strong player as Troika Dialog with spotless name and large-scale of high quality investment products will become the good sign for investors". The main game of Troika Dialog Balanced Fund's investment policy is directed to investments in shares and bonds of Kazakhstan issuers in such key industries as oil and gas, metallurgy, real estate, financial sector and electric-power industry. Initially offering of shares of open unit investment fund Troika Dialog Balanced began on August 12, 2008. Minimal assets` volume, at which the fund is formed, makes KZT60 m. Minimal investment sum is KZT100 000.00. Retirement is made once in two weeks. "Notwithstanding that initial offering of fund's share are passing during difficult situation on the market, we don't lose optimism. Crisis always brings new possibilities. We are only at the beginning of our trip on creating the market of collective investments in Kazakhstan and offer our clients to share this way with us, using all advantages of developing market" - Dmitriy Zherebyatev resumed. For editorial staff: As of July 1, 2008 there are 187 unit investment funds, 148 - closed, 19 - open and 20 - intervals operated on security market. Total assets of unit investment funds as of July 1, 2008 made KZT177 bn., including assets of open funds - KZT2.4 bn. Deposit base of physical entities in Kazakhstan banks as of July 1, 2008 made KZT1.5 trl. As of July 1, 2008 there are 235 corporate bonds and 95 shares issues were registered in KASE official list. Total capitalization of corporate securities market, which are included in Exchange's official list, made KZT13 trl. (or 85.99 % from GDP) KZT11.5 trl. of which is capitalization of share market. Troika Dialog Kazakhstan JSC has the license for portfolio managing and broker and dealer activity on security market with the right for controlling clients` accounts as a nominal holder, granted by Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations in May 2007. (AFS). Earlier organization was known as ALMEX Asset Management JSC. New life with new name organization receives as a result of purchasing its majority interest by Troika Dialog. Troika Dialog Kazakhstan JSC has ambitious aims to become the leading player of local market. In nearest future Troika Dialog plans to present in Kazakhstan almost all key directions of the company - trade transactions with securities, investment and banking services, trust management and direct investments. Besides, Troika Dialog intends to give initiatives, which will contribute to growth of liquidity and activity on Kazakhstan stock market. Troika Dialog- is the leading independent investment company, operating on markets of CIS. Company's key directions are trade transactions with securities, investment and banking services, assets beneficial ownership, direct and venture investments. Besides Moscow, Troika Dialog is presented in 21 cities of Russia and also in New York, London, Kiev, Nicosia and Almaty. Today company's staff comprises more than 1440 people. The total assets` sum, which is under control of Troika Dialog, makes RUB250 bn. From which about RUB25 bn. are in unit fund. The amount of UIF`s clients as of July 31, 2008 makes 120 000 people. Troika Dialog was acquired crediting rating of international agency Standard & Poor's - short-term on "B" level, long-term on "BB-" level, on national scale - "ruAA-". For additional information address: Troika Dialog's press service Tel.: +7 (495) 258-05-19 Iya Kuzmenko, e-mail: Iya_Kuzmenko@troika.ru, pressa@troika.ru Quotation end [2008-08-14]