HALYK FINANCE AND VISOR CAPITAL ANNOUNCED PLACEMENT RESULTS FOR BONDS KZ2C0Y07D899 (KMGZB4) OF NATIONAL COMPANY KAZMUNAYGAS (KAZAKHSTAN)

/KASE, December 21, 10/ - Subsidiary organization of Halyk Bank of Kazakhstan - Halyk Finance (Almaty) and VISOR Capital (Almaty), the underwriters for discounted bonds KZ2C0Y07D899 (KMGZb4) of National Company KazMunayGas (Astana), provided today to Kazakhstan Stock Exchange (KASE) the following communication: quote Herewith, Halyk Finance and Visor Capital (hereinafter - the Underwriters) announce the following results for the placement of the 4th bond issue of National Company KazMunayGas (hereinafter - the Issuer) with a total nominal value of KZT100 bn. The mentioned bonds rated at 'BBB' by Fitch Ratings have been issued in accordance with Kazakhstan laws and are the first discounted corporate bonds in the history of the stock market of the Republic of Kazakhstan. As was announced earlier, from November 26 to December 2, 2010 the Underwriters were collecting orders from Kazakhstan brokers and investors for purchase of the Issuer's discounted bonds KZ2C0Y07D899 (KMGZb4) (KASE official list, Rated Debt Securities Category). Before collection, the Issuer fixed the cut-off price (annual yield to maturity) at 7% APR, which under coupon rate equal to 0 and the settlement date defined as December 7, was corresponding to a bond's price of KZT626.0355 with the face value being equal to KZT1,000 per bond. The Underwriters were accepting market orders as well as limited orders, which were submitted by using the closed method within the time span mentioned above. 20 investors and brokers acting on behalf of their clients participated in the placement; 23 orders were submitted totaling to above KZT100 bn at bonds' face value. According to results of the order book closure, the Issuer has satisfied at the above-mentioned price 30 orders from 20 investors and brokers totaling to above KZT100 bn at bonds' face value. In the total amount of orders satisfied by the Issuer, pension market entities accounted for 51.8%, second-tier banks - 25.6%, brokerage and dealer companies and their clients - 21.3%, insurance companies - 1.3%. National Company KazMunayGas is Kazakhstan's national operator for exploration, production, processing and transportation of hydrocarbons. NC KazMunayGas is a 100% holding of National Wealth Fund Samruk-Kazyna. unquote [2010-12-21]