Bank CenterCredit reports on financial analysis of Mortgage Organization Kazakhstan Mortgage Company as of January 1, 2012

/KASE, July 5, 12/ - JSC "Bank CenterCredit" (Almaty), a representative of holders of mortgage bonds KZP03Y05C491 (KZ2C00001063, KZIKb18; KZT1; KZT5.0 bn; December 1, 2007 - December 1, 2012; semi-annual coupon 11.00 % APR; 30/360) of JSC "Mortgage Organization "Kazakhstan Mortgage Company" (Almaty), officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of results of an analysis of the financial position of JSC "Mortgage Organization "Kazakhstan Mortgage Company" as of January 1, 2012. Based on the analysis conducted, JSC "Bank CenterCredit" announced the following: quote A negative moment in the Company's operations is its losses in 2011. The losses are related to a considerable increase in interest expenses and losses from devaluation. As a result, the Company's capitalization figures are worsening. At the same time, the Company timely and in full performs its liabilities towards creditors and bondholders; no default has been detected. The Company meets all prudential requirements. On June 21, 2012 JSC "Mortgage Organization "Kazakhstan Mortgage Company" made an interest payment on the international loan from the Investment Bank "Credit Suisse" according to the Loan Agreement dated December 10, 2007 to a total amount of JPY10,715,000,000 at an interest rate of 6.3%, to the amount of USD4,348,884.67. Responsibility for the reliability of information provided necessary for conducting an analysis of the financial position and the state of property swerving as collateral for fulfillment of the Issuer's liabilities towards bondholders, is carried by the management of JSC "Mortgage Organization "Kazakhstan Mortgage Company". unquote [2012-07-05]