BTA Bank subsidiary BTA Securities provided additional info on planned placement of bonds KZP01Y07D853 (SKKZb22) and KZP02Y10D855 (SKKZb23) of National Wealth Fund Samruk-Kazyna

/KASE, September 24, 10/ - BTA Bank subsidiary BTA Securities (Almaty), a member of Kazakhstan Stock Exchange (KASE), provided to KASE the following letter: quote Herewith BTA Securities and Halyk Finance being financial consultants and underwriters of the 1st and 2nd bond issues within the second bond program of National Wealth Fund Samruk-Kazyna (hereinafter - Fund), and also Development Bank of Kazakhstan being a financial consultant to the Fund, inform that by KASE Listing Commission decision (protocol of meeting of September 21, 2010) bonds of the mentioned issues are included into Rated Debt securities category (superior category) of KASE official list's debt securities section, effective from September 24, 2010. Rating Agency of the Regional Financial Center of Almaty assigned to bonds issues within the Fund's second bond program debt instruments ratings at AAA/P1 level (forecast stable). National Wealth Fund Samruk-Kazyna is a sovereign fund of the Republic of Kazakhstan with total assets of more than USD60.0 bn. The Fund centrally runs own stocks and shares held in national development institutions, national companies from country's various economic sectors. Fund's main activities include fostering national economy's modernization and diversification, assisting in national economy's stabilization, and increasing companies' efficiency. The Fund is to actively assist the Government of the Republic of Kazakhstan, by quickly and promptly solving issues regarding raising investments for the economy's real sector, boosting regional activities, enhancing cross-industry and cross-regional ties, and by intensively using available advantages and opportunities. With the exclusive purpose of financing ventures of own companies and dependent businesses, the Fund undertook bonds issues within its second bond program with the following parameters: - bond type: bonds of first and second issues within the second bond program are uncovered coupon bonds; - issue volume: volume of each bonds issue within the second bond program makes up KZT75.0 bn. The total volume of the bond program - KZT150.0 bn; - coupon rate: coupon rate on the first and the second bonds issue within the second bond program for their entire circulation is fixed and will be established upon special trades to be held on the KASE trading place, as their cut-off rate; - circulation term: circulation term of first issue bonds within the second bond program makes up 7 years from the first circulation date, second issue bonds will circulate 10 years; - early repayment terms: upon the Board of Directors' decision, the Fund has the right to early repay the bonds in full. In such case, 10 calendar days before the early repayment date the Fund notifies the bond holders about early repayment by sending them an appropriate notification. An early bond repayment is carried out at face value at the same time with coupon payment accrued as of date of early repayment. Accumulative pension funds, insurance companies, and broker-dealers are considered as prospective investors for these bonds issues. In accordance with pension funds' prudential rules, the debt securities were assigned zero credit risk level, similar to that of government securities of the Republic of Kazakhstan, issued by the Finance Ministry of the Republic of Kazakhstan, and the National Bank of the Republic of Kazakhstan, and of securities backed by the Government of the Republic of Kazakhstan. It should be mentioned that the placement of the said issues is to commence with placing the second issue within the second bond program, whose circulation term is 10 years. The placement will be on the formal market, as well as over-the- counter. Organizing first special trades in second issue bonds is set on September 27, 2010, whereby the coupon rate will be the cut-off parameter. Indicative cut-off rate level by special trades results is expected to be as high as 6.3% APR. unquote [2010-09-24]