/SUUPLEMENTED/ Bank CenterCredit checks collateral on bonds KZ2CKY05B752 (DNBNb1) of Danabank (Kazakhstan)

/KASE, December 30, 09, the third paragraph was added/ - Bank CenterCredit (Almaty), representing holders of mortgage bonds KZ2CKY05B752 (DNBNb1; KZT1,000, KZT1.0 bn; 05.01.06 - 05.01.11, semiannual coupon indexed to inflation rate, 9.60 % APR as for the current coupon period; 30/360) of Danabank (Almaty), listing on the Kazakhstan Stock Exchange (KASE), informed KASE on the check of collateral on the bonds of Danabank as on October 1, 2009. Based on the check Bank CenterCredit informed "mortgage bond collateral state and ratio do not comply with requirements of the bond prospectus and collateral agreements". The collateralized sum is not covering the loan in full. Coupon interests are paid timely and in full". In addition, Bank CenterCredit informed that "in compliance with bonds issue prospectus Danabank (hereinafter - the Issuer) DNBNb1 - NIN KZ2CKY05B752 the Issuer will support the cost of pledged mortgage certificates at the level not lower than 140% fro total face value, including accrued interest, except for bonds bought back. As of October 1, 2009, in compliance with Tsentr DAR extract 800,000 bonds were circulating, out of which the Issuer bought back 600,000 bonds, i.e. the holders have 200,000 bonds. Therefore, the security cost must be not less than KZT289.6 m. The liquid security cost makes up KZT275.1 m". [2009-12-30]