Finance ministry of Kazakhstan recognized the auction for offering on KASE of MEKKAM-3 of 303 issue (KZK1KM033039) frustrated

/KASE, September 19, 07/ - Kazakhstan stock exchange (KASE) informs that on September 19 of 2007 an attempt for offering of government short- term treasury liabilities (MEKKAM) was made by the Finance ministry of Republic of Kazakhstan on KASE on the terms given below (discount bonds, Almaty time). ------------------------------------------------------------------------- Parameters of the issue -------------------------------------------- --------------------------- Type of security: МЕKKAM-3 National identification number: KZK1KM033039 Ordinal number of the issue: 303 Trade code of KASE: MKM003_0303 Face value, KZT: 100.00 Date of offering: September 19, 2007 Circulation start date: September 19, 2007 Last circulation day: December 18, 2007 Maturity date: September 19, 2007 Circulation term: 91 days Time basis: actual/actual -------------------------------------------- --------------------------- Offering terms -------------------------------------------- --------------------------- Offering volume, KZT, m.: 10,000.0 Subject of trade: bonds price Applications submitting method: closed Applications acceptance time: 09:00 - 11:00 a.m. Applications confirmation period: 09:00 - 11:30 a.m. (Т+0) Cutting off: until 3:00 p.m. (Т+0) Bids satisfying method: limited (competitive) at stated price market (uncompetitive) at weighted average price Stake of satisfaction of market bids 70 Payment date September 19, 2007 Payment time until 3:00 p.m. (T+0) -------------------------------------------- --------------------------- Parameters of demand: -------------------------------------------- --------------------------- Number of participants - primary dealers: 2 Number of submitted bids (total / active): 11 / 11 including: ( limited 10 ( market 1 Volume of active bids*: 959,392,996.00 including limited: 844,034,596.00 including market: 115,358,400.00 Demand to offering, %: 9.6 Net price on the submitted limited bids, % (all / active): minimal: 95.9340 maximal: 96.8607 weighted average: 96.1321 Profitability on the submitted limited bids, % year (all / active): minimal: 13.00 maximal: 17.00 weighted average: 16.14 -------------------------------------------- --------------------------- * active bids are bids that are not canceled by the participant of trades as of the moment of expiration as of the moment of expiration of bid submission period including the confirmed ones by the participants of the Confirmation system; the sum on market bids is calculated based on weighted average price of active limited bids In total volume of bid 88.0% was controlled by applications of one of pension funds of Kazakhstan, 12.0% - by application from a brokerage-dealership organization. Studying the parameters of demand, Finance ministry recognized the auction frustrated "due to unsatisfactory formed price on submitted applications". [2007-09-19]