Stabilization period after IPO of ENCR is completed

/INTERFAX-KAZAKHSTAN, Almaty, December 11, 07/ - Stabilization period that took effect after accomplishment of the global initial offering of securities of Kazakhstan's raw materials holding Eurasian Natural Resources Corporation (ENRC) is completed, is said in the message of ENCR. Deutsche Bank (global coordinator of the offering and stabilization manager) has additionally placed within their option 25.250 m. shares. Thus, global floatation of the holding's securities taking into account the option made 277.750 m. shares or 21.3% of company's capital. ENCR raised 1.5 m. pounds from this offering. As it was spread, on December 7 ENCR has offered within IPO on London stock exchange 20% of shares at the price of 540 pence per security to the sum of 1.364 bn. pounds. According to the message, ENCR has offered 252.5 m. new shares. Furthermore, ENCR provided the global coordinator of the offering (Deutsche Bank) with the option of over-allotment for the additional 25.3 m. shares to the sum of up to 136.4 m. pounds that can be used before January 10 of 2008. Unconventional deals will start conducting on LSE since December 12. The main organizer of IPO is Deutsche Bank, co- organizers are ABN Amro Rothschild, Credit Suisse and Morgan Stanley. ENRC consolidated assets of such enterprisers as Kazchrome, Aluminum of Kazakhstan, Kazakhstan electrolysis plant, Zhayremskiy ore mining and processing combine, Sokolovsko-Sarbayskoye mining and processing union, Euroasian energy corporation and also ENRC Logistics and ENRC Marketing & Sales. 24.8% shares of ENRC belong to Government of Kazakhstan. [2007-12-11]