Ornek XXI (Kazakhstan) delays payment of 8th coupon on bonds KZ2CKY05B703 till September 1, 2009

/KASE, October 2, 09/ - Ornek XXI (Almaty oblast) informed Kazakhstan Stock Exchange (KASE) delayed payment of the eighth coupon interest on bonds KZ2CKY05B703 (KZT100, KZT4.0 bn; 20.09.05 - 20.09.10, semiannual coupon indexed to inflation rate, 11.00 % APR as for the reporting coupon period; 30/360). According to the bond issue prospectus Ornek XXI had to pay the interest in the period September 20 through October 2, 2009. The prospectus says "in case of default or incomplete payment of interest (coupon) and/or nominal value on bonds within 10 calendar days, beginning the payment day, fine shall be accrued in favor of bondholders for each day of delay, calculated on the basis of the official refinance rate set by the Kazakhstan National Bank as on the day of compliance with money obligation or a part thereof". Ornek XXI informed: Quotation begins Herewith Ornek XXI informs on impossibility to comply with obligations on payment of the coupon interest on bonds KZ2CKY05B703 (ORNKb1; KZT100; KZT4.0 bn; 20.09.05-20.09.10) according to the Bond issue prospectus (item 7, item 36, sub-item 5,6) that is in the period September 20 through October 3, 2009. The main reason of delay in payment of the regular coupon is slowing in operation due to cut in construction volumes in the Republic and untimely receipt of funds from purchasers. Taking into account these grounds, we ask to prolong the date of interest payment for all bondholders till September 1, 2010. The company confirms future compliance with obligations before the bondholders in payment of the coupon interest and fines for each day of delay in full and in terms defined with the bond issue prospectus. Ends KASE reminds that according to its internal document "Rules on exchange information disclosure" it incurs no responsibility for authenticity of the information it spreads on KASE members and issuers admitted to circulation on KASE, provided such information is based on messages and documents arriving from such members and issuers in pursuance with obligations before KASE. At generation of such information KASE shall not check authenticity of the messages and documents. A person, willing to disprove the information released in this message, must appeal to KASE with a corresponding official letter. [2009-10-02]