Overview of key developments from analysts of Asyl Invest JSC (Kazakhstan) on April 20, 2010

/IRBIS April 20, 2010/ - ASYL INVEST JSC (Almaty) provided IRBIS overview of major events and of their investment ideas and forecasts on April 20, 2010. Analysts of ASYL INVEST JSC identify the following significant developments in the markets: - Max Petroleum (MXP): have drilled dust. Max Petroleum Plc, a British oil exploration company whose core business is concentrated in Kazakhstan, yesterday announced the completion of drilling exploratory wells KZN-2 on the West Block of North Kyzylzhar-II, which was considered as a promising structure of 12 structures in the license block A and E. Drilling reached a depth of 1457 meters, but any petrol marks or signs were not found there. The drilling rig ZJ-30 will now work for 2 months at the exploratory well BOR-2 fields Borkildakty in Block E Caspian basin in western Kazakhstan. Thus, the third oil discovery in Block E is failed. Earlier it was reported that drilling of the BOR-1 was productive - a tributary of 200 barrels per day of oil. "ASYL INVEST Analysts believes that this news is neutral for the company stock price, because Drilling is fraught with such risks. - Citigroup Inc issued strong financial results for the first quarter of 2010. Net income totaled $ 4.4 billion, 15 cents per share, which is the best result over the past two years. Following yesterday's trading the bank's shares rose more than 7%. - In the U.S. yesterday took the data on the index of leading indicators which were better than analysts' forecasts. The index of leading indicators in March rose by 1.4%, forecast growth of 1.1%. In addition, an ASYL INVEST analyst notes that: - BTA Bank and the creditors committee signed an agreement on the conditions of restructuring with the creditors' committee According to the bank, this Agreement contains the detailed terms of financial restructuring of the bank, as set out in the Agreement on the main commercial terms of restructuring, signed on December 17, 2009, as amended in accordance with the Agreement on amendments to the principal commercial terms of restructuring, signed on March 17, 2010; - Ministry of Finance of Kazakhstan will deploy medium-term treasury bonds, MEOKAM-24 Release 79, totaling KZT18 billion and with maturity of two years; - Batys Transit has paid the fourth coupon BTTRb1. - S & P Assigns upcoming issue of senior unsecured bonds KazMunaiGaz Finance Sub BV volume of $ 7.5 billion rating "BB +". 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. [2010-04-20]