On September 28, KASE Listing Commission rejected the plan on removal of basis for transfer of bonds KZ2C0Y07C321 (ISKEb1) of ISKE SAT COMPANY (Kazakhstan) to the KASE official list "buffer category"

/KASE, September 29, 09/ - By the decision of Kazakhstan Stock Exchange (KASE) Listing Commission of September 28, 2009 was rejected the plan on removal of basis for transfer of bonds KZ2C0Y07C321 (ISKEb1; KZT1,000, KZT1.0 bn, December 15, 06 - December 15, 13; the semi-annual coupon 10.00 % APR, 30/360) of ISKE SAT COMPANY (Almaty) to the KASE official list "buffer category". In the KASE conclusion of September 21, 2009 it was noted that in December 2009 on mentioned bonds ISKE SAT COMPANY defaulted payment of the coupon interest for the fourth and in June 2009 the fifth coupon period. In addition, ISKE SAT COMPANY fails to observe requirements for the information disclosure, established by Listing Rules and the agreement on listing of corporate serial securities of December 8, 2006 signed between ISKE SAT COMPANY and KASE. In compliance with item 13-5 of Board resolution of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations "On Requirements for Issuers and their Securities, Admitted (Admissible) to Circulation on the Stock Exchange, and certain Stock Exchange list categories" of May 26, 2008 # 77, ISKE SAT COMPANY provided to KASE on September 17, 2009 the plan on removal of basis for transfer of securities to the KASE official list "buffer category". In compliance with item 13-7 of the mentioned resolution the issue on approval of the mentioned Listing Commission decision will be considered at the Exchange Council meeting on October 1, 2009. If the Exchange Council approves the mentioned Listing Commission decision, bonds KZ2C0Y07C321 of ISKE SAT COMPANY undergo delisting that will be informed by KASE additionally. [2009-09-29]