/IRBIS, Ruslan Dzyubaylo, September 19, 06/ - At the instances of professional participants of financial markets Information agency of financial markets, IRBIS (Almaty) publishes representation list of KASE_Shares Index in the given table below by the moment of trades closing in shares at Kazakhstan stock exchange (KASE) on September 18 of 2006.

------------------------------------------------------------------------
                                    Price in                       Accu-
Code of                            tenge per    Quantity Stake,  mulated
share   Short name of the issuer       share   of shares      % stake, %
------- ------------------------- ---------- ----------- ------ --------
AMGZ    CNPC-Aktobemunaigas JSC    95,000.00   8,946,470  26.64     26.6
BTAS    Bank TuranAlem JSC        100,000.00   4,555,948  14.28     40.9
KKGB    Kazkommertsbank JSC         1,000.00 377,821,675  11.84     52.8
KZTK    Kazakhtelecom              30,000.00  10,922,876  10.27     63.0
HSBK    Halyk savings bank
        of Kazakhstan JSC             270.00 899,016,660   7.61     70.6
KZZN    Kazzinc JSC                 9,900.00  20,643,659   6.41     77.0
ATFB    ATFBank JSC                 8,400.00  17,873,416   4.71     81.7
ASBN    Alliance Bank JSC          40,500.00   2,750,000   3.49     85.2
CCBN    Bank CenterCredit JSC       1,150.00  80,316,695   2.89     88.1
UTMK    Ust-Kamenogorsk titanium-
        agnesium combine JSC       28,000.00   1,942,380   1.70     89.8
CSBN    BANK CASPIAN JSC            3,400.00  15,888,000   1.69     91.5
KKGBp   Kazkommertsbank JSC           320.00 124,751,470   1.25     92.8
NRBN    Nurbank JSC                44,000.00     864,480   1.19     94.0
ASFI    Astana-finance JSC          8,100.00   3,215,611   0.82     94.8
KZTC    KazTransCom JSC             9,000.00   2,386,898   0.67     95.5
TEBN    Temirbank JSC               3,500.00   5,895,440   0.65     96.1
VTBN    Valuyt-Tranzit-Bank JSC       289.99  53,982,122   0.49     96.6
HSBKp1  Halyk savings bank
        of Kazakhstan JSC             173.00  80,225,222   0.43     97.0
KANT    Kant JSC                    1,450.00   6,880,031   0.31     97.4
PDES    PAVLODARENERGO-               970.00  10,082,000   0.31     97.7
        ERVICE JSC
ORDB    Corporation Ordabasy JSC    4,000.00   2,245,124   0.28     97.9
ATFBp8  ATFBank JSC                 2,400.00   3,000,000   0.23     98.2
TSBN    Tsesnabank JSC              1,800.00   3,304,998   0.19     98.4
TEBNp   Temirbank JSC               1,130.00   4,990,783   0.18     98.5
ASBNp1  Alliance Bank JSC          13,200.00     400,000   0.17     98.7
NRBNp6  NURBANK JSC                33,000.00     135,520   0.14     98.8
KZTKp   Kazakhtelecom JSC          11,001.00     403,194   0.14     99.0
KZIS    Foreign insurance company
        "Kazakhinstrakh" JSC       18,000.00     239,500   0.14     99.1
HSBKp   Halyk savings bank
        of Kazakhstan JSC             173.00  24,742,000   0.13     99.2
KIBN    Kazinvestbank JSC             150.00  27,526,459   0.13     99.4
VTBNp   Valuyt-Tranzit-Bank JSC       330.00  10,530,368   0.11     99.5
NFBN    NEFTEBANK JSC               1,985.50   1,597,900   0.10     99.6
TSBNp   Tsesnabank JSC              1,800.00   1,750,000   0.10     99.7
GLOT    GLOTUR JSC                  5,000.00     601,370   0.09     99.8
ROSA    ROSA JSC                      570.00   4,900,000   0.09     99.9
ORDBp   Corporation Ordabasy JSc    2,100.00     748,000   0.05     99.9
ORNK    Ornek XXI JSC                   2.00 784,000,000   0.05    100.0
ATFBp   ATFBnak JSC                 2,800.00     400,000   0.04    100.0
KZTCp   KazTransCom JSC             1,600.00     113,624   0.01    100.0
CSBNp   BANK CASPIAN JSC              466.67     112,681  0.002    100.0
------------------------------------------------------------------------

By the moment of aforementioned table making from 43 shares, included into KASE's official "А" listing category, 40 share instruments were in the representation list for KASE_Shares Index calculation.

NOTES TO TABLE

KASE_Shares Index of shares reflects change of prices parameters of shares of KASE's official "А" listing category, registered in the open market of KASE within the day, counting on the level of market capitalization of their issuers. The method of index calculation is regulated by internal document of KASE "Method of stock exchange's indicators calculation", which is available at see more

Code of shares reflects: code of the issuer of security, traded on KASE (the first 4 symbols, the same - code of common share); category of share (if the fifth symbol - "p", share is preferred); number of shares issue (if deemed as necessary, the sixth figure symbol).

Price, tenge per a share - price parameter of a share, which is used for KASE_Shares Index calculation. This is the maximum price of limited bid for purchase of a share (i.e. quotation of demand), submitted to KASE's trade system under trades holding by method of continuous counter auction and active trade session at the moment of day closing, on the date of which representation list is being made, or maximum price of a share that very day on deals, made in KASE's trade system by one of the methods of open trading. Under comparison of demand quotations and prices of deals preference is given to maximum value. At that, data of purchase-and-sale of shares sector in the KASE's secondary market are taken into account.

Quantity of shares - parameter, which is determined by KASE as a difference between the number of announced shares and the number of shares on issuing and reissuing accounts of the issuer (including nominal holding), and also shares, which according to data of nominal holder are in the ownership of the issuer. KASE takes into consideration value of quantity of paid shares under KASE_Shares Index calculation, which is proved by available documents on KASE. Therefore, actual number of paid shares on the date of KASE_Shares Index calculation may differ from used one on KASE. In accordance with Listing Regulation the companies, whose securities are included into KASE's official list, are obliged, at present, to submit excerpts from register system of shareholders to stock exchange at the beginning of each calendar quarter. Each excerpt is processed by KASE either the day of receiving or the following working day. However, many issuers submit excerpts on the date fixed in it with deep delay (from several days till several months). It should be noted that value of the number of paid shares KASE renews in its databases not on the date of making excerpt from register, but on the date of receiving of this excerpt by stock exchange (more accurate to say, to the date of its processing by stock exchange). Shortcomings of this method are evident. However, application of another method is not deemed as possible as KASE calculates this capitalization index and KASE_Shares Index daily and cannot recalculate these indexes by back date.

Share, % - value equals to proportion of product of parameters "Price, tenge per a share" and "Quantity of shares", given in the table for one share, to the sum of products of specified parameters for all shares of representation list, expressed in percentage. Index allows evaluating "weight" of each share in representation list in calculated value of KASE_Shares Index. From mentioned shares in the table one can see that change of value and number of paid common shares of SNPS - Aktobemunaygas JSC influences on KASE_Shares Index mostly, and preferred shares of BANK CASPIAN JSC the least. For clearness the table of representation list of KASE_Shares Index is sorted out by IRBIS by descending order of this index.

Accumulated share, % - cumulated presentation of an index "Share", allowing to judge, for example, about that value of KASE_Shares Index by 52.8% is formed by parameters of all three shares - AMGZ, BTAS and KKGB.

[2006-09-19]