Calculated average nominal income coefficient on pension assets of APF of Kazakhstan (K2) as of November 1, 2011: 12m - plus 3.22%; 36m - plus 21.92%; 60m - plus 31.26%

/IRBIS, November 28, 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 (APF) as of November 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 the data provided today by the FCS to IRBIS (Almaty) about the coefficients, as well as the results of comparing them to data from October 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 5.87 -0.01 32.51 +6.37 36.31 -0.76 --------------------------- --------- ----- --------- ------ --------- ----- PAIMO ZHETYSU JSC ---------------------------------------------------------------------------- APF UlarUmit JSC 0.96 -1.16 24.19 +11.59 20.27 +0.58 --------------------------- --------- ----- --------- ------ --------- ----- APF, independently managing assets ---------------------------------------------------------------------------- APF Atameken JCS 3.19 -0.30 14.95 +0.24 32.65 -0.43 --------------------------- --------- ----- --------- ------ --------- ----- APF of Halyk Bank 2.76 -2.76 22.63 +1.43 36.46 -3.08 of Kazakhstan JSC APF SAPF JSC 4.34 -0.42 21.01 +0.06 38.16 -0.79 APF Capital JSC 4.61 -0.66 17.52 +0.47 43.41 -6.31 APF Kazakhmys JSC 2.63 -0.70 6.23 +1.35 22.45 -1.27 APF NefteGas-Dem JSC 4.99 -0.27 19.39 +0.19 40.21 +1.14 APF Otan JSC 1.15 +0.89 7.89 +1.66 28.59 -0.90 APF Republic JCS 4.00 -1.00 21.72 -0.76 - - APF Astana JCS* 6.86 -0.03 19.20 +0.28 30.14 -0.08 --------------------------- --------- ----- --------- ------ --------- ----- Average weighted throughout 3.22 -1.24 21.92 +4.21 31.26 -0.99 the system --------------------------- --------- ----- --------- ------ --------- ----- Corrected coefficient 31.00 -0.90 --------------------------- --------- ----- --------- ------ --------- ----- Lower bound yield 21.70 -0.63 --------------------------- --------- ----- --------- ------ --------- ----- For comparison: Accumulated inflation 8.00 -0.70 22.61 -0.33 61.01 -0.58 rate, % ---------------------------------------------------------------------------- * APF ASTANA JCS has been created on the base of Eurasian APF JCS and AMANAT Kazakhstan JCS Nominal income coefficient (К2), according to the FCS methods, reflects the profitability of NPF assets for the mentioned period calculated by accruing totals. According to the resolution of the Board of the FCS on August 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. [2011-11-28]