ON MAY 16 KASE SUSPENDED TRADING IN COMMON SHARES KZ1C12280018 (KZ0009093241, KZTK) AND PREFERRED SHARES KZ1P12280114 (KZ0009094645, KZTKP) OF KAZAKHTELECOM DUE TO THEIR PRICES DECREASING BY 66.56 % AND 71.11 % ACCORDINGLY

/KASE, May 16, 12/ - Today at 11:50 o'clock Almaty time, Kazakhstan Stock Exchange (KASE) suspended trading in common shares KZ1C12280018 (KZ0009093241, KASE official list, first category, KZTK) of JSC "Kazakhtelecom" (Astana) following a 66.56 % decrease in their price. The price of the last deal with KZTK, concluded on May 15, 2012, made up KZT29,900.00 per share. Trading in KZTK was suspended on May 16, 2012 following a deal involving the shares at a price of KZT9,999.00 per share (33.44 % of the first one out of the mentioned values). At 11:50 o'clock Almaty time, KASE suspended trading in preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first category, KZTKp) of JSC "Kazakhtelecom" following a reduction of 71.11 % in their price. The price of the last completed deal in KZTKp, concluded on May 15, 2012, made up KZT26,999.00 per share. Trading in KZTKp was suspended on May 16, 2012 following a deal involving the shares at a price of KZT7,800.00 per share (28.89 % of the first one out of the mentioned values). An express study of circumstances of such a decrease known to KASE does not allow assuming that a technical fault of a trader of a KASE member or a technical failure in KASE trading system's operation were the reason. KASE reserves the right to autonomously determine the expediency of a more detailed study of circumstances of such decrease and the need for publishing the results of such study. The trading was suspended in accordance with item 1, article 12-2 of KASE internal document "Rules of Exchange Securities Trading". According to the Rules of Exchange Securities Trading, KASE suspends trading in certain shares officially listed at KASE as first category in case of a reduction in the price of such shares by 30 per cent and more relative to the price of the last completed deal in those shares, which was concluded during the last previous successful trading session. If not otherwise ruled by a decision of Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan, the suspended trading is resumed at the beginning of the new trading day with regard to the shares. [2012-05-16]