Calculated average nominal income coefficient on pension assets of NPF of Kazakhstan (K2) as of January 1, 2011: 12m - plus 4.39%; 36m - plus 16.05%; 60m - plus 43.55%

/IRBIS, January 19, 2011/ - Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS or the Agency) to calculate the coefficients of nominal income (K2) on pension assets (PA) from pension funds in Kazakhstan (NPF) as of January 1, 2011 the year for three periods of the funds - over the last 12, 36 and 60 months (12m, 36m and 60m respectively). Below is a table containing rendered today by AFN news agency of financial markets IRBIS (Almaty), the coefficients, as well as the results of comparing them with comparable data as of January 1, 2011. ---------------------------------------------------------------------------- К2 for the period, %: ----------------------------------------------- 12m 36m 60m Name --------------- --------------- --------------- PAIMO or APF indicator trend indicator trend indicator trend ---------------------------- --------- ----- --------- ----- --------- ----- PAIMO GRANTUM Asset Management JSC ---------------------------------------------------------------------------- Grantum APF JSC 6.22 +0.07 24.52 -0.65 40.26 -0.27 ---------------------------- --------- ----- --------- ----- --------- ----- PAIMO ZHETYSU JSC ---------------------------------------------------------------------------- APF UlarUmit JSC 4.14 +0.71 6.53 -1.75 31.36 -0.47 ---------------------------- --------- ----- --------- ----- --------- ----- APF Amanat Kazakhstan JSC 2.50 +0.21 14.06 +0.39 38.41 -0.64 ---------------------------- --------- ----- --------- ----- --------- ----- PAIMO Nur-Trust JSC ---------------------------------------------------------------------------- APF Atameken JSC 4.77 -0.04 19.42 -0.27 44.95 -0.47 ---------------------------- --------- ----- --------- ----- --------- ----- APF, independently managing assets ---------------------------------------------------------------------------- APF of Halyk Bank 4.98 +0.30 19.03 -0.20 51.62 -0.74 of Kazakhstan JSC APF BTA Kazakhstan JSC -3.34 -0.48 11.40 -2.26 69.65 -2.74 APF SAPF JSC 6.37 -0.40 20.04 -0.79 40.45 -0.24 APF Capital JSC 5.83 +0.03 22.08 -0.50 53.43 -0.15 APF Kazakhmys JSC 3.09 -0.20 7.87 -2.76 30.15 -1.63 APF NefteGas-Dem JSC 6.17 +0.54 21.90 -1.63 43.22 0 APF Otan JSC 5.67 +1.56 12.86 +0.02 42.79 +0.51 Eurasian accumulated pension 8.79 +1.70 19.54 +0.52 35.29 +1.06 fund JSC APF Republic JSC 6.24 +0.13 30.03 -1.64 - - ---------------------------- --------- ----- --------- ----- --------- ----- Average weighted throughout 4.39 +0.22 16.05 -0.90 43.55 -0.56 the system ---------------------------- --------- ----- --------- ----- --------- ----- Corrected coefficient 41.48 -0.40 ---------------------------- --------- ----- --------- ----- --------- ----- Lower bound yield 29.04 -0.27 ---------------------------- --------- ----- --------- ----- --------- ----- For comparison: Accumulated inflation 7.80 +0.10 25.36 -1.46 61.44 -0.09 rate, % ---------------------------------------------------------------------------- Nominal income coefficient (К2), according to the AFN's methods, reflects the profitability of NPF assets for the mentioned period calculated by accruing totals. According to the resolution of the Board of the FSA on January 5, 2009 # 181 Adjusted weighted average nominal income is calculated as a weighted average of the current value of "clean" of pension assets that were in the investment management organization engaged in the investment management of pension assets, and more than 60 months (as of the first calendar day of the first month of the period for which was carried out calculation of the coefficient K2), the value of K2 for the same period for the Fund, the coefficient of nominal income does not exceed 130% of the average rate of nominal income for the relevant period, calculated at current market value " net "of pension assets. The minimum value of the coefficient K2 is at least 70% of the value of the adjusted weighted average rate of nominal income for the period. [2011-01-19]