Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on April 16, 2010

/IRBIS April 16, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on April 16, 2010. Analysts of ASYL INVEST JSC identify the following significant developments in the markets: - ENRC (ENRC): involvement loan of $ 400 million for the construction of electrolysis plant in Pavlodar. According to the KASE, yesterday between JSC "Kazakhstan Electrolysis Plant" and JSC "Development Bank of Kazakhstan" was agreed by the contract a bank loan for $ 400 million for 15 years, in which ENRC acts as a guarantor of the obligations of JSC "Kazakhstan electrolysis plant."The loan will be used to recover the costs incurred by funds for the construction of the first and partially the second stage of Kazakhstan electrolysis plant. Borrowings will be provided to JSC" KEZ "from the preferential line of credit from EXIM Bank of China, opened the Kazakhstan Development Bank" - the report indicates. Previously, Mr. A. Kassenov Managing Director of BRC said that the Export-Import Bank of China will provide bank credit to finance the Kazakh projects with Chinese participation. Kazakhstan electrolysis plant in Pavlodar, which belongs to ENRC, subject to the terms of financing, as the contractors are a Chinese company, and the plant will be installed Chinese equipment. Company needs approximately $ 498 million capital investment for plant construction. In this case, the remainder of the work the company needs about $ 287 million analysts "Asyl INVEST do not expect a material impact on the dynamics of news shares of the company, because company has assured the financial position and not heavily dependent on external financing. - In addition, the analysts Asyl INVEST note that: - KASE included in the representative list of indexes KASE_BY, KASE_BP and KASE BC bonds LLP Almatyenergosbyt (AESOb1) and LLP Ekibastuz-1 (EKGSb1). _ This material is for informational purposes and is not an offer or recommendation to perform any transaction in securities. Agency IRBIS is not responsible for the opinions expressed in this material. [2010-04-16]