KASE appraises market value of bonds XS0244509963 of JPMorgan Chase Bank, National Association and XS0240118017 of Merrill Lynch & Co., Inc.

/KASE, October 29, 08/ - Kazakhstan Stock Exchange (KASE) started to appraise market value of the following bonds, issued in accordance with the legislation of other states: - JPMorgan Chase Bank, National Association (The city of Columbus, state Ohio, USA) issue XS0244509963 (US_JPM_e1, KZT13.2 bn.; 14.02.06 - 14.02.16; semiannual coupon indexed to Kazakhstan inflation rate); - Merrill Lynch & Co., Inc. (The city of New-York, USA) issue XS0240118017 (US_MER_e1, USD100.0 m., 05.01.06 - 11.01.21, floating indexed to level of devaluation of tenge to US dollar semiannual coupon depending on Kazakhstan inflation rate, service in KZT at market maker rate). The decision was conditioned by absence of regular quotes on the bonds in the Bloomberg information system and huge presence of the bonds in Kazakhstan accumulative pension funds' portfolios. The KASE Risk Committee October 28, 2008 decided at appraisal of US_JPM_e1 and US_MER_e1 to make calculations on their yield in accordance with item 21-2 of the KASE internal document "Securities Valuation Methodology". Due to the bonds being quoted on KASE in dirty prices (with account of accrued interest), the KASE Risk Committee decided on the following: - at determination of accrued interest to use interest rates in current coupon periods, calculated by formulae, which are released in the issue prospectuses of the bonds; - at calculation of yield of the bonds to intercalate the received values of coupon periods for all consequent bond circulation coupon periods until the date of maturity. Results of market value appraisal of US_JPM_e1 and US_MER_e1 will be released at the KASE website in the corresponding files beginning October 28, 2008. [2008-10-29]