On September 28, KASE Listing Commission accepted the plan on removal of basis for transfer of bonds KZ2CKY05B273 (KZNHb2) of Kazneftehim (Kazakhstan) to the KASE official list "buffer category"

/KASE, September 29, 09/ - By the decision of Kazakhstan Stock Exchange (KASE) Listing Commission of September 28, 2009 was accepted the plan on removal of basis for transfer of bonds KZ2CKY05B273 (KZNHb2, KZT1, KZT4.0 bn, February 18, 05 - February 18, 10; the semi-annual coupon 10.00 % APR; 30/360) of Kazneftehim (Almaty) to the KASE official list "buffer category". In the KASE conclusion of September 21, 2009 it was noted that in August 2009 on mentioned bonds Kazneftehim defaulted payment on the coupon interest for the ninth coupon period. In addition, Kazneftehim fails to observe requirements for the information disclosure, established by Listing Rules and the agreement on listing of corporate serial securities of February 15, 2005 signed between Kazneftehim and KASE. In compliance with item 13-5 of Board resolution of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations "On Requirements for Issuers and their Securities, Admitted (Admissible) to Circulation on the Stock Exchange, and certain Stock Exchange list categories" of May 26, 2008 # 77, Kazneftehim provided to KASE on September 16, 2009 the plan on removal of basis for transfer of securities to the KASE official list "buffer category". In compliance with item 13-7 of the mentioned resolution the issue on approval of the mentioned Listing Commission decision will be considered at the Exchange Council meeting on October 1, 2009. If the Exchange Council approves the mentioned Listing Commission decision, bonds KZ2CKY05B273 of Kazneftehim to be transferred from the Non-rated Debt Securities second subcategory to the KASE official list "buffer category" that will be informed by KASE additionally. [2009-09-29]