SOUTH-OIL (Kazakhstan) announces proposed complete early redemption of bonds KZ2P0Y03E026 (KZ2P00001605, STSOb1)

/KASE, March 12, 12/ - LLP "SOUTH-OIL" (Shymkent), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with an official letter informing of a full early redemption of bonds KZ2P0Y03E026 (KZ2P00001605, KASE official list, Rated Debt Securities category, STSOb1; KZT10,000, KZT1.0 bn; September 8, 2011 - September 8, 2014; semi-annual coupon 9.00 % APR; 30/360) starting from April 12, 2012. In its letter LLP "SOUTH-OIL" informs of the following: quote An early redemption of bonds, involving buying back of the bonds, will be carried out based on the KZT face value with a simultaneous payment of the final accumulated coupon interest by way of money transfer involving the use of services of a payment agent, within 10 calendar days from the date following the date of the last day of the bonds' circulation before the date of start of their full early repayment, into current bank accounts of bondholders in accordance with data from the bondholders' register. Persons registered in the bondholders' register as of the beginning of the last day of bonds' circulation before the date of start of their full early repayment are entitled to receiving the face value and last interest. The last day of the bonds' circulation before the date of start of their full early repayment is April 11, 2012. In case the investor is a non-resident of the Republic of Kazakhstan, the full early repayment will be carried out in tenge provided there is a bank account set up in the territory of the Republic of Kazakhstan. Conversion of an amount in tenge into another currency will be at the cost of the investor. Data on the registrar: JSC "REESTR", located at: 101A Syzganov str., Almaty, 050059 (legal address)/ 17 Al-Farabi ave., office 1301, block 4B, business center Nurly Tau (actual address), Almaty, 050013, license No. 0406200436 dated August 2, 2005. Data on the payment agent: Subsidiary Bank Joint-Stock Company "Sberbank of Russia", located at: 30/26 Gogol/Kaldayakov streets, Almaty, 050010, Republic of Kazakhstan, tel. +7 (727) 250-00-60, fax: +7 (727) 250-00-63. Other data on the payment agent are determined by the bonds issue prospectus's terms. Place of bonds redemption: 25 Tole bi str., city of Shymkent, 160000, South- Kazakhstan region, Republic of Kazakhstan. Holders of bonds of the Partnership can turn with questions related to bonds redemption, to: 25 Tole bi str., city of Shymkent, 160000, South-Kazakhstan region, Republic of Kazakhstan. Authorized person: Yuliya Kim, tel./fax (7252) 551314" unquote [2012-03-12]