/KASE, March 12, 10/ - Astana-finance (Astana) informed Kazakhstan Stock Exchange (KASE) by the official letter on delay of the third coupon interest payment on bonds KZP02Y03D017 (KASE official list buffer category, ASFIb23;
KZT100, KZT5.0 bn; August 29, 08 - August 29, 11, the semi-annual coupon 11.00 % APR for the reporting coupon period; 30/360).

According to the mentioned bonds issue prospectus Astana-finance must have paid the interest on March 1-15, 2010. The prospectus specifies that "in case of default on payment or incomplete payment at fault of the Issuer of coupon interest and/or the principal in the terms set with the Prospectus, the Issuer shall pay bondholders fines for each day of delay, on the basis of the official refunding rate of the National Bank of the Republic of Kazakhstan as of the day of money obligation or its part fulfillment".

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At present the company is in the process of financial obligations restructuring and the action plan is being developed with involvement of financial and legal advisors.

After the restructuring plan approval the company will inform on time-frame of the coupon interest payment.

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Below are links to similar documents:

• KASE news of September 14, 2009 "Astana-Finance (Kazakhstan) delays payment of 2nd coupon on bonds KZP08Y10C532 (ASFIb22)" - see more
• KASE news of May 19, 2009 "/CORRECTED/ Astana-Finance (Kazakhstan) and Astana Finance B.V. (Netherlands) stop pay coupon interest and principal on international debt, principal on domestic debt beginning May 15 " - see more

At present twelve companies, securities of which are present in KASE official list, informed on inability to fully or partially fulfill their obligations on bonds. Listed companies defaulted payment on bonds is available on KASE website in section "Issuers" ("default") at address see more

KASE reminds that in compliance with the Exchange internal document "Rules of Exchange Information Dissemination", KASE is not responsible for authenticity of disseminated information on the Exchange members and securities issuers, admitted to circulation on the Exchange, if this information is based on messages and documents received by the Exchange from these members and securities issuers in pursuance of their obligations to the Exchange. KASE does not validate the mentioned messages and documents when developing this information. Individuals, willing to refute the information, published in this message, must apply to KASE by a corresponding official letter.

[2010-03-12]