ISKE SAT COMPANY (KAZAKHSTAN) FAILED TO FULFILL OBLIGATIONS TO HOLDERS OF BONDS KZ2C0Y07C321 (ISKEB1) ON THE 4TH COUPON PAYMENT

/KASE, December 26, 08/ - ISKE SAT COMPANY (Almaty) provided to Kazakhstan Stock Exchange (KASE) explanations of the situation related to coupon interest payment to holders of its bonds KZ2C0Y07C321 (KASE official list, the second subcategory of "Non-rated Debt Securities", ISKEb1; KZT1,000, KZT1.0 bn.; December 15, 06 - December 15, 13, the semi-annual coupon 10.00 % APR; 30/360) for the period from June 15 to December 15, 2008: Quotation start Due to the delay of expected money receipt on account, ISKE SAT COMPANY notifies on failure to pay the coupon within the set timeframe in compliance with the Investment Memorandum terms. Based on the above mentioned we informs that the coupon will be paid on December 31, 2009. Quotation end On compliance with sub-item 4 of item 38 of mentioned bonds issue prospectus "the interest (coupon) is paid in KZT by money transfer to bank accounts of bonds holders during 10 calendar days upon the circulation period termination for which the payment is maid". In addition, in compliance with sub-item 7 of item 38 of this prospectus "in case of non-payment or incomplete payment of the interest (coupon) and/or the accumulated principal within the time, set forth by this prospectus, the Issuer pays this issue bonds holders a penalty for each day of delay, calculated based on the official refunding rate of the National Bank of the Republic of Kazakhstan for the day of money obligations non-fulfillment or its part, but not more than 10 % from unpaid amount". We remind that ISKE SAT COMPANY and four more listed companies of KASE, whose securities are included into the exchange official list, informed on inability to fully or partially fulfill obligations to bonds holders on coupon payment. These companies are: - Doszhan Temir Zholy (DTZ) (Almaty) - on infrastructural bonds KZ2CKY23B672 (KASE official list, the second subcategory of "Non-rated Debt Securities", DTJLb1; KZT1,000, KZT30.0 bn.; August 2, 05 - August 2, 28, the annual coupon indexed on the inflation rate, 19.95 % APR for the current coupon period, 30/360) for the period from August 2, 2007 to August 2, 2008; - Transstroimost (Almaty Region) - on bonds KZ2CKY05B950 (KASE official list, the first subcategory of "Non-rated Debt Securities", TSSMb1; KZT100, KZT5.0 bn.; April 6, 06 - April 5, 11, the semi-annual coupon indexed on the inflation rate, 12.00 % APR for the reporting period) for the period of April 6 - October 6, 2008; - Almaty distillery plant (Almaty) - on bonds KZ2C0Y05C523 (KASE official list, the second subcategory of "Non-rated Debt Securities" category, ALVZb1, KZT1,000; KZT2.0 bn.; May 4, 07 - May 4, 12; the semi-annual coupon indexed on the inflation rate, 13.00 % APR for the reporting period, 30/360) for the period of May 4 - November 4, 2008; - ROSA (Pavlodar) - on bonds KZ2CKY05C040 (KASE official list, the second subcategory of "Non-rated Debt Securities", ROSAb2; KZT1,000, KZT1.8 bn.; May 18, 06 - May 18, 11, the semi-annual coupon indexed on the inflation rate, 11.00 % APR for the reporting period, 30/360) for the period of May 18 - November 18, 2008. KASE reminds that in compliance with the Exchange internal document "Rules of Exchange Information Dissemination", KASE is not responsible for authenticity of disseminated information on the Exchange members and securities issuers, admitted to circulation on the Exchange, if this information is based on messages and documents received by the Exchange from these members and securities issuers in pursuance of their obligations to the Exchange. KASE does not validate the mentioned messages and documents when developing this information. Individuals, willing to refute the information, published in this message, must apply to KASE by a corresponding official letter. [2008-12-26]