Finance ministry of Kazakhstan recognized the auction for offering on KASE of MEKKAM-3 of 300 issue (KZK1KM033005) frustrated

/KASE, May 29, 07/ - Kazakhstan stock exchange (KASE) informs that on May 29 of 2007 by the Finance ministry of Republic of Kazakhstan was made an attempt for offering of government short-term treasury liabilities (MEKKAM) on KASE on the terms given below (discount bonds, Almaty time). --------------------------------------------------------------------- Parameters of the issue ------------------------------------------ ------------------------- Type of security: МЕKKAM-3 National identification number: KZK1KM033005 Ordinal number of the issue: 300 Trade code of KASE: MKM003_0300 Face value, KZT: 100.00 Date of offering: May 29, 2007 Circulation start date: May 29, 2007 Last circulation day: August 28, 07 Maturity date: August 29, 07 Circulation term: 92 days Time basis: actual/actual ------------------------------------------ ------------------------- Offering terms ------------------------------------------ ------------------------- Offering volume, KZT, m.: 20,000.0 Subject of trade: bonds price Applications submitting method: closed Applications acceptance time: 09:00 - 11:00 Applications confirmation period: 09:00 - 11:30 (Т+0) Cutting off: until 15:00 (Т+0) Bids satisfying method: limited (competitive) at stated price market (uncompetitive) at weighted average price Stake of satisfaction of market bids 10 Payment date May 29, 07 Payment time until 15:00 (T+0) ------------------------------------------ ------------------------- Parameters of demand: ------------------------------------------ ------------------------- Number of participants - primary dealers: 6 Number of submitted bids (total / active): 12 / 10 including: ( limited 12 / 10 ( market 0 / 0 Volume of active bids*, KZT, mln.: 13,892.7 Demand to offering, %: 69.5 Net price on the submitted limited bids, % (all / active): minimal: 97.7818 / 97.7818 maximal: 98.6449 / 98.6449 weighted average: 98.5017 / 98.5021 Profitability on the submitted limited bids, % year (all / active): minimal: 5.45 / 5.45 maximal: 9.00 / 9.00 weighted average: 6.03 / 6.03 --------------------------------------------------------------------- In total volume of bid 0.03% was controlled by application of one of pension funds of Kazakhstan, 74.45% - by applications from second-tier banks, 24.82% - by application of their clients, 0.71% - by applications of broker- dealer organizations. Studying the parameters of demand, Finance ministry recognized the auction frustrated "due to unsatisfactory formed price on submitted applications". [2007-05-29]