Kazakhstan Ministry of Finance: auction on placement on KASE of MEKKAM-12 of 91st issue (KZK1KY010919) on October 13 recognized unexecuted

/KASE, October 13, 08/ - Kazakhstan Stock Exchange (KASE) informs that on October 13, 2008 in the exchange trading system the Ministry of Finance of the Republic of Kazakhstan tried to additionally place government short-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) on the below terms (discount bonds, Almaty time). ISSUE PARAMETERS: ------------------------------------------- ------------------------- Security type: MEKKAM-12 National identification number: KZK1KY010919 Issue serial number: 91/12 KASE trade code: MKM012_0091 Face value, tenge: 100.00 Placement date: 13.10.08 Circulation start date: 13.10.08 Last circulation date: 12.10.09 Maturity date: 13.10.09 Circulation term: 365 days Time base: actual/actual ------------------------------------------- ------------------------- PLACEMENT TERMS: ------------------------------------------- ------------------------- Placement volume, m. tenge: 10,000.0 Trade subject: bond price Order submission method: closed Order receipt time: 09:00-11:00 Order confirmation time: 09:00-11:30 (Т+0) Striking time: до 15:00 (Т+0) Orders satisfaction method: - limited (competitive) at announced price - market (non-competitive) at weighted average price Market order satisfaction stake, %: 70 Payment date: 13.10.08 Payment time: till 15:00 (Т+0) ------------------------------------------- ------------------------- DEMAND PARAMETERS: ------------------------------------------- ------------------------- Number of participants - primary dealers: 2 Number of submitted orders(total / active): 3 / 3 including: - limited: 3 - market: 0 Active orders volume*, m. tenge: 1,288.0 Ask to bid, %: 14.0 Price on submitted limited orders, % (total / active): - minimum: 91.7431 - maximum: 92.6784 - weighted average: 91.9981 Yield on submitted limited orders, % APR. (total / active): - minimum: 7.9000 - maximum: 9.0000 - weighted average: 8.6979 ------------------------------------------- ------------------------- *active orders - orders, not annulled by trade participants as at the moment of expiry of order submission period, including those confirmed by participants of the Confirmation system, the sum on market orders is calculated by the weighted average price of active limited orders In the active orders total volume second-tier banks (STB) accounted for - 71.4 %, brokerage dealers companies - 28.6 %. Having studied ask parameters, the Ministry of Finance have acknowledged the auction as not executed "due to an unsatisfactory price on submitted orders". [2008-10-13]