KZ1C31680016 issue common shares of Insurance company SAYA JSC (Kazakhstan) are excluded from KASE's official "B" listing category in connection with listing requirements violation

/KASE, June 12, 06/ - By the decision of Kazakhstan stock exchange's (KASE) Council since June 12, 2006 KZ1C31680016 issue common shares of insurance company Saya JSC (Aktobe) will have been excluded from KASE's official "B" listing category. Decision on de-listing was taken because of non-execution by Insurance company Saya JSC of requirements of subpoint 5) of point 4 of the decree of the Board of the Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations "About requirements to issuers and their securities, which are admitted (have been admitted) to circulation on the stock exchange, as well as to separate listing categories of the stock exchange" dated March 15, 2004 #63 (hereinafter - Decree), and also according to subpoints 3) of point 1 of the article 20 of Listing rules of KASE. According to the above documents, assets of financial organization, whose securities are in the stock exchange's official list by following after the highest listing category, should be made not less than 1,000,000 units of month calculation index (MCI). According to data of audited financial statements, assets of the Company, as of January 1 0f year 2006, made KZT326.3 m. (316,818 MIC), on data of non-audited financial statements as of April 1 of 2006 - KZT328.8 m. (319,203 MIC). Common shares of Insurance company Saya JSC were included in KASE's official "B" listing category on August 27, 2001 under SAYA. First trades on these shares were held on September 2, 2001. For the whole period of exchange's trades 7 deals on SAYA (825 shares) for KZT854,783.14 ($5,645.6) at the price KZT1,004.32 and KZT1,500.00 per one share. As repo subject on KASE these shares were not used. The company's primary activities - insurance activity. [2006-06-12]