ON FEBRUARY 18 AUCTION FOR ADDITIONAL PLACEMENT OF OJSC "KOMIRBANK" (KAZAKHSTAN) BONDS WILL BE HELD AT KASE

/IRBIS, Feb.15, 00/ - Kazakhstan stock exchange (KASE) informs, that on February 18, 2000 an auction for additional placement of coupon bonds of OJSC "Komirbank" (Ekibastuz, KZ2CCAEQCA00, KASE official list of securities, category "A", trade code KOMBb) will be held in trade system of the Exchange. The bonds are denominated in U.S. dollars. Face value is $10. Total issue volume calculated at face value is $2 mln. Payments for the bonds are made in tenges at the exchange rate of the National Bank of Kazakhstan, effective on the payment date. Coupon in semiannual. Coupon rate is 12% APR. Coupon payment dates are June 26, 2000 and December 26, 2000. Coupons are paid in Kazakhstani tenges at the exchange rate of the National Bank of Kazakhstan, effective on the payment date. According to the rules of the emitter coupons are charged using 364/31 time basis. Maturity date of the bonds is December 26, 2000. Bonds are repaid at face value in tenges at the exchange rate of the National Bank of Kazakhstan, effective on the maturity date, by transferring the funds to the accounts of the bond owners that are registered in the register by December 21, 2000. No lotteries are planned by the issue rules. Funds, raised by issuing the bonds, will be used for general corporate goals of OJSC "Komirbank" in accordance with the Charter of the bank. On February 18 additional placement will be held at KASE on following terms: Additional placement volume, calculated at face value, equals 580 th. U.S. dollars. Bids are made by the investors in the trade system of KASE from 10:00AM till 11:30AM Almaty time. Since the price will be an object of the trade, bids should contain a "dirty" price in percents of the face value including accumulated interest by the time the auction is held. In bids the number of bonds should be indicated as a nominal cost of the debt being purchased (product of the number of bonds and face value of one bond). At the auction the amount of the deal will be determined as the product of a "dirty" price and face value of purchased bonds, divided by 100%. Securities purchased at the auction should be paid by 4:00PM Almaty time on February 18, 2000. Following members of KASE of the category "P" (with the right to participate in trades in private issue securities that are entered into official list of the Exchange) are allowed to participate in the auction: OJSC "Demir Kazakhstan Bank", OJSC "KAZKOMMERTSBANK", OJSC "TexaKaBank", CJSC "Affiliated bank "ABN AMRO Bank Kazakhstan", LLP "KBS Securities", OJSC "DB SECURITIES (KAZAKHSTAN)", OJSC "Kazkommerts Securities", CJSC "Company CAIFC", OJSC "Kazakhstan financial company", OJSC "FINANCIAL COMPANY GREENWICH CAPITAL MANAGEMENT", LLP "ATERA capital", LLP "INVESTMENT MANAGEMENT GROUP", LLP "Securities house EASTBROKERS", LLP "PETROKAZ CAPITAL", CJSC "GLOBAL SECURITIES (KAZAKHSTAN)", LLP "KIB ASSET MANAGEMENT Ltd.", LLP "Company R.G. Securities", CJSC "Fondovyi service", CJSC "Kompanya po upravleniu pensionnymi aktivami "Ak niet", LLP "TuranAlem Securities", CJSC "Kompanya Halyk Banka Kazakhstana po upravleniu pensionnymi aktivami", CJSC "Kompanya po upravleniu pensionnymi aktivami "JETYSU", OJSC "Kazpochta". Investors can submit applications to participate in the auction through these members. We draw your attention to the fact that coupon bonds of OJSC "Komirbank" can be purchased for the assets of accumulative pension funds, since the bonds are entered into KASE official list of securities under the category "A". We also remind that coupon bonds of OJSC "Komirbank" were entered into official list of the Exchange under the category "A" by the decision of the Board of KASE # 11/2, dated February 11, 2000 on the basis of the decision of the Exchange council. The securities can be traded at KASE within official list beginning from the placement date, that is from February 18, 2000. Previously, it was said that coupon bonds of OJSC "Komirbank" had been traded at KASE in "Non-listing securities" sector with the second admittance level from January 25, 2000. From that time no deals were made.