The bonds of KAZKOMMERTSBANK (Kazakhstan) are included in the KASE's official list of securities under "A" category

/KASE, Aug.31, 99, KASE's official press release/ - According to the decision of Council of KASE at August 31, 1999 the bonds of KAZKOMMERTSBANK are included in the official list of securities under "A" category. The National Securities Commission of Kazakhstan registered the issue by the decree #399 at August 11, 1999 and enrolled it in the State Securities register under A7 number. The general information about bonds and issue: Total volume of the issue: $30 million. Nominal value of the bond: $100. Kind of the bonds: registered, coupon. Form of issue: paperless. Gross amount: 300 000 bonds. Circulation time: 2 years from the date of the circulation beginning. Beginning of the circulation: September 06, 1999. Maturity date: September 06, 2001. National identification number: KZ272KA7B9A11. Trade code of KASE: KKGBb. Type of the bonds backing: straight (unsecured) bond. Placement time: during the circulation time with granting of the placement reports, agrees the current state legislation. Confirmation of the holders' proprietary interests: fixing on the depo accounts in the register of the bonds holders by the independent registrar or on the depo accounts open by the nominal holders (Central Depository, Banks - custodians, broker companies which have the license for of the registration of transactions with securities). The purchasing of the bonds is made by the residents of Kazakhstan in tenge according to the KASE's USD average weighted rate at the date of purchasing, by the non-residents of Kazakhstan - according to the current legislation. The circulation of the bonds begins from the issue date and ends 5 bank days before the Maturity Date. The bonds freely circulate in exchange and over-the-counter markets of Kazakhstan. Part of the coupon income, accrued during the bond keeping is included in the bond sale / purchase price at the secondary circulation. The circulation of the bonds in the secondary market from the date of the fixing of the coupons payment register till the day of coupons payment (including the day of payment) is carried out disregarding accumulated coupon income. The information about coupon payments: Coupon rate: 10% p.a. Payments per year: 2. Dates of payments: March 06, 2000; September 06, 2000; March 06, 2001; September 06, 2001. The persons, which acquired the bonds not later than 30 days before the date of payment have the right to the coupon yield. The emitter pays a coupon payment two times a year, according to the rate, stipulated in the issue parameters, at the temporary rate of 360/30. The coupons are paid to the residents of Kazakhstan in a tenge at the current KASE's average weighted rate, to the non-residents - according to the current legislation. The bonds are retired according to the nominal value at the day of redemption by transfer of money on the accounts of the holders registered 5 bank days before the maturity date. The redemption of the bonds by the residents of Kazakhstan is made in a tenge at the KASE's average weighted rate at the maturity date, by the non-residents - according to the current legislation of Kazakhstan. Places of the execution of the emitter's obligation: offices, branches and agencies of KAZKOMMERTSBANK, and also offices of the KAZKOMMERTSBANK's authorised agents. The order of the taxation of coupon yield is determined according to the current legislation. However today it is impossible to deny, that the investors, except banks and pension funds, can meet the certain difficulties in the field of the taxation of the bonds issued by the private emitters. The ownership capital of KAZKOMMERTSBANK at the moment of the issue registration is $34,251,453.36.