/IRBIS, July 9, 01/ - By the decision of the Board of Kazakhstan Stock Exchange (KASE), and based on the decision of the Exchange Council, dated July 7, 2001, from June 10, 2001, first issue inscribed coupon bonds of Atyraumunaigasgeologya OJSC (Atyrau) were admitted to the official list of KASE securities under category "B".

Below is brief characteristics of the issue.

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Type of the securities:                  inscribed coupon bonds, indexed by the
                                         change in the exchange rate of tenge
                                         to U.S. dollar
National identification number:          KZ2C4AUC1A24
Number in the state register:            A30
Registrar:                               Kazregistr LLP (Almaty)
Date of registration:                    Jan 12 01
Face value, USD:                         100.00
Issue volume, USD:                       10,000,000
Issue volume, bonds:                     10,000
Circulation starts on:                   Jan 15, 01
Floatation term:                         180 days from circulation starting date
Circulation term:                        1 year
Maturity:                                Jan 15, 02
Interest:                                12% APR
Interest payment days:                   July 15 and January 15
Time basis for coupon calculations:      360/30
Fixing date of the register for coupon
payments:                                first - 30 days, second - 10 days
Dates when the register is fixed
for coupon payments:                     June 15, 01 and January 5, 02
Fixing date of the register for the
maturity:                                10 days
Date when the register is fixed
for the maturity:                        Jan 5, 02
Servicing of the issue:                  in tenge at official rate of the
                                         National Bank of Kazakhstan, effective
                                         on the payment or maturity date
Financial consultant of the issue:       Asia Business Consulting OJSC (Almaty)
Admittance date to the KASE trade lists: July 9, 01
Date of the first trades:                July 10, 01
KASE trade code:                         AMGGb1
Price deviation accuracy:                4 decimal points
Market-makers at the KASE:               absent(not required for this
                                         listing category)
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If coupon payment date or maturity date of the bonds falls on week-end or holiday, then the coupon or the principal is paid on the next business day.

Callback of the bonds is not specified, except for the cases, set by the Law of Kazakhstan. None of the bondholders has the right to callback the bonds, except for the cases, set by the Law of Kazakhstan.

The funds, raised by the bond issue, are to be used to conduct additional survey and development of Airankol hydrocarbons site (Jylyoi district of Atyrau region).