/KASE, October 20, 11/ - Halyk Finance, a subsidiary of Halyk Savings Bank of Kazakhstan, and BCC Invest, a subsidiary of Bank CenterCredit (Almaty), who are underwriters for bonds KZ2C0Y05E065 (KZ2C00001634, KASE official list, Rated Debt Securities category, KASTb3) of Holding KAZEXPORTASTYK (Astana), have provided Kazakhstan Stock Exchange (KASE) with the following communique today:

quote

Herewith JSC Halyk Finance and JSC BCC Invest announce accepting of orders from brokers and investors intending to participate in the proposed initial offering of the third issue bonds of Holding KAZEXPORTASTYK (Issuer) at the unorganized market of the Republic of Kazakhstan.

BONDS PARAMETERS:

------------------------------- ---------------------------------------------
Issuer name:                    JSC Holding KAZEXPORTASTYK
------------------------------- ---------------------------------------------
Issuer rating:                  Standard & Poor's: B/Stable
------------------------------- ---------------------------------------------
Short description of bonds:     Unsecured coupon bonds
------------------------------- ---------------------------------------------
ID No.:                         KZ2C0Y05E065
------------------------------- ---------------------------------------------
Total number of bonds
on offer:                       20,000,000 units (this volume may
                                be increased at Issuer's disposal)
------------------------------- ---------------------------------------------
Face value of one security:     KZT1,000
------------------------------- ---------------------------------------------
Yield to maturity at offering:  10% APR
------------------------------- ---------------------------------------------
Expected settlement date:       October 31, 2011
------------------------------- ---------------------------------------------
Dirty offering price
corresponding with the yield
to maturity at offering and
expected settlement date
(see above):                    KZT968.7595 per bond
------------------------------- ---------------------------------------------
Coupon interest on bonds:       fixed, 8.5% APR
------------------------------- ---------------------------------------------
Coupon payment frequency:       twice a year during bonds circulation
------------------------------- ---------------------------------------------
Time base:                      360 days in a year and 30 days in a month
------------------------------- ---------------------------------------------
Circulation start:              Date of inclusion of securities into
                                Kazakhstan Stock Exchange official list,
                                July 18, 2011
------------------------------- ---------------------------------------------
Circulation term:               5 years from circulation start
------------------------------- ---------------------------------------------
Expected rating of the bonds:   B/ Rating Watch Negative (Fitch)
------------------------------- ---------------------------------------------
Currency of issue and service:  tenge
------------------------------- ---------------------------------------------
Restrictions (covenants),       - keeping the maximum value
at whose violation the investor of financial liabilities to equity at 2.0
may claim from  the Issuer      - restriction on alienation of fixed assets
early buyback of bonds           to the amount exceeding 10% of assets
at face value                   - restriction on arrest of assets to the
                                amount exceeding 50% of assets
                                - absence of facts of cross-default on other
                                financial liabilities to the amount of 10%
                                and more of assets    
                                - ban on changing the character
                                and type of main activity
                                - presence of bonds in the trade
                                organizer's official list
------------------------------- ---------------------------------------------
Additional information:         the bonds' issue prospectus is available
                                on website of JSC Kazakhstan Stock
                                Exchange at
           see more    
                                amendments to the bonds' issue
                                prospectus in English can be seen
                                on website of JSC Kazakhstan Stock
                                 Exchange at
        see more
-----------------------------------------------------------------------------

PROCEDURE OF OFEFRING BONDS FOR PURCHASE:

-----------------------------------------------------------------------------
Trading method:                 Subscription by way of concluding
                                a purchase-sale agreement with the Issuer
------------------------------- ---------------------------------------------
Date and time of
start of accepting orders:      October 20, 2011, 17:00 o'clock (Almaty time)
------------------------------- ---------------------------------------------
Expected date and time
of end of accepting orders:     October 28, 2011, 18:00 o'clock (Almaty time)
------------------------------- ---------------------------------------------
Orders submission method:       closed
------------------------------- ---------------------------------------------
Settlement terms:               by the settlement date the bonds' buyer must
                                ensure availability of money to pay for the
                                bonds he bought in his account or broker's
                                account, as well as present all necessary
                                payment instructions.
-----------------------------------------------------------------------------

Orders drawn up in the form published today on its website on KASE website, at ( see more ) please send in written to the following addresses:

JSC "Halyk Finance", 19/1 Al-Farabi ave., Business Center Nurly Tau, block 3Б, 6th floor, 050013 Almaty, as well as at e-mail FarhadO@halykbank.kz

JSC "BCC Invest", 100 Shevchenko str., 5th floor, 050022 Almaty, as well as at e-mail jgoloshapova@bcc-invest.kz

With all relevant quesries and for additional information please turn to the following reopresentatives of JSC "Halyk Finance" and JSC "BCC Invest":

JSC "Halyk Finance": Farkhad Ohonov (tel. 8 (727) 330-01-52, fax 8 (727) 259-05-93, e-mail: FarhadO@halykbank.kz), Yulia Feller (tel. 8(727) 330-62-12, fax 8 (727) 259-05-93, e-mail: FellerY@halykbank.kz)

JSC "BCC Invest": Yulia Goloshapova (tel. 8 (727) 259-85-98 (ext. 7299), fax 8 (727) 244-32-31, e-mail: jgoloshapova@bcc-invest.kz).

unquote

[2011-10-20]