KAZPOCHTA JSC WILL ACCEPT APPLICATIONS FROM THE POPULATION ON PURCHASE OF COMMON SHARES OF KAZAKHTELECOM JSC SINCE NOVEMBER 30 TILL DECEMBER 10, PRICE RANGE - KZT25.0-33.0 TH. PER SHARE

/KASE, November 29, 06/ - Kazakhtelecom JSC (Astana), shares of which are traded on Kazakhstan stock exchange's (KASE) category "A" official listing had provided KASE with press-release of the following contention: Quotation begin In accordance with the resolution of Government of Republic of Kazakhstan dated October 17, 2006 under #1001 "About selling of part of shares of the joint stock company Kazakhtelecom JSC" was accepted the decision about offering of 4.6% voting shares (497,597 copies of common named shares) of Kazakhtelecom JSC (further - Company), belonging to Holding Samruk JSC, on the internal market of Republic of Kazakhstan. The goals of this offering - are reanimation of the exchange's market by attracting and forming of maximal wide circle of investors - physical persons and receiving of the fair price for the pointed shareholding. The special attention during holding of the offering will be paid to questions of clarity of the process of selling and availability of participation in it all strata of the population. Financial consultant is IFH Resmi JSC. Juridical consultant is LeBof, Lam, Green and MacRey LLP. On the basis of recommendations of the financial consultant and considering the market price for the last three months, it is determined the price range of selling - from KZT25,000 to KZT33,000. Bids for purchasing of shares are accepted form the unlimited number of physical persons in the departments of Kazpochta JSC since November 30 till December 10. The list of points of Kazpochta JSC with addresses and contact telephone numbers will be published in "Kazakhstanskaya Pravda" and "Yegemen Kazakhstan" newspapers on November 30, 2006. The same information the interested persons can receive by calling to Call- centers of Kazakhtelecom JSC and Kazpochta JSC, and also on the web- sites of the Companies, specified below. Kazakhtelecom JSC www.telecom.kz +7 800 080 20 80 (from 9 till 21.00) (within RK call is free) Kazpochta JSC www.kazpost.kz +7 (327) 2 59 06 05 +7 800 080 08 80 (within RK call is free ) Quotation end [2006-11-29]