KazTransOil announces release of resolution of Republic of Kazakhstan government approving decision of Samruk-Kazyna's Board of Directors on offering parameters of KazTransOil shares under People's IPO

13.11.12 18:12
/KASE, November 13, 12/ - Kazakhstan Press Club/PG Communications today provided Kazakhstan Stock Exchange with the following press-release of JSC "KazTransOil" (Astana) dated October 31, 2012: quote On release of a resolution of the government of the Republic of Kazakhstan on approval of a decision of the Board of Directors of JSC "SWF "Samruk- Kazyna" on the price, quantity and structure of JSC "KazTransOil" shares to be offered at Kazakhstan Stock Exchange under government program "People's IPO" On October 31, 2012 resolution # 1376 of the government of the Republic of Kazakhstan on approval of a decision of the Board of Directors of JSC "SWF "Samruk-Kazyna" on the price, quantity and structure of JSC "KazTransOil" shares to be offered at Kazakhstan Stock Exchange under government program "People's IPO" was signed. According to the resolution, during the initial offering on Kazakhstan's organized securities market common shares counting 38,463,559 (thirty eight million four hundred sixty three thousand five hundred fifty nine) pieces at KZT725 per share by way of conducting subscription. Orders for purchase of shares can be submitted by citizens of the Republic of Kazakhstan and pension funds established in accordance with the legislation of the Republic of Kazakhstan. Participation of physical persons in the subscription is carried out by way of submitting relevant orders for purchase of shares through brokerage firms as well as through branches of JSC "Kazpost". Details of participation in subscription are available on website http://www.halyk-ipo.kz , as well as by phone 8 800 080 50 70 (calls inside Kazakhstan free of charge). Physical persons wishing to purchase Company shares are entitled to submit orders for purchase without limitation of the amount. The procedure of satisfying of orders stipulates satisfaction of orders to the amount of up to KZT7 million without any limitation. For amounts exceeding the threshold of KZT7 million satisfaction of orders will be carried out based on the actually existing demand and volume of securities left after distribution amongst top-priority investors. In order to define the order of offering orders of physical persons are nominally divided in two components: 1) amount of the order or its part under KZT7 million inclusive; 2) part of order exceeding KZT7 million. During the offering shares are divided amongst various groups of investors as follows: 1. Order of the market-maker for shares for maintaining liquidity at secondary market. 2. Orders of retail investors (amount of the order or its part under KZT7 million (seven million) on the part of one investors are satisfied in full). 3. Orders of accumulative pension funds established in accordance with the legislation of the Republic of Kazakhstan (satisfied in full). In case of the demand exceeding the actual supply satisfaction of orders is carried out pro rata to volumes announced. 4. Orders of retail investors in part of the amount exceeding KZT7,000,000 (seven million) from one investor (satisfied in full in case the combined amount of orders does not exceed the volume of actual supply). In case the combined amount of orders from retail investors exceeds the volume of shares (minus the order of the market-maker for shares) the size of the maximum amount of order satisfaction will be reduced as follows: 1. reduction starts from the maximum amount of order satisfaction being equal to KZT7,000,000 (seven million); 2. the reduction pace makes up an amount equal to the price of one share; 3. the reduction is carried out until the moment of equalization of the size of demand and volume of shares. The volume of Shares not demanded by retail investors will be offered among pension funds in accordance with orders submitted by them. In case the combined demand on the part of pension funds exceeds the volume of shares orders of pension funds will be satisfied pro rata to their volumes. The volume of Shares not demanded by pension funds will be used for covering orders of retail investors in the part of amount exceeding KZT7,000,000 (seven million), as follows: 1. In case the combined demand is less than the remaining volume of shares all order are satisfied in full. 2. In case the combined demand is higher than the remaining volume of Shares part of orders exceeding KZT7,000,000 (seven million) are satisfied pro rata. The volume of Company shares not demanded by investors is offered on the organized securities market not earlier than 6 (six) months after the offering date under Program "People's IPO" according to the procedure set by the legislation. When distributing shares among various groups of investors during their offering the deadline for submitting an order within the subscription period is not taken into account. Following the October 30, 2012 decision of the Listing Commission of JSC "Kazakhstan Stock Exchange" common shares of JSC "KazTransOil" rated at BBB- (Standard&Poor's), BBB- (Fitch) and Baa3 (Moody's), being offered, were included in the first (supreme) category of the Exchange's official list's sector "shares". Dates of subscription to common shares of JSC "KazTransOil" being offered - from November 6 to December 5, 2012. The major shareholder in the person of JSC NC "KazMunayGas" in his letter dated November 5, 2012 waived his right to preemptive purchase of common shares of JSC "KazTransOil". The location of joint-stock company "KazTransOil" is as follows: 19 Kabanbai batyr ave., Astana. Dated of state registration of common shares issue of JSC "KazTransOil" is June 26, 2012. The issue prospectus of JSC "KazTransOil" shares and other information about the company is available on website www.kaztransoil.kz , as well as at 19 Kabanbai batyr ave., block C, room ะก0521, Investor Relations service, Astana. Payment for common shares of JSC "KazTransOil" should be made until December 5, 2012 in accordance with terms of the brokerage services agreement. JSC "KazTransOil" is a subsidiary organization of JSC "National Company KazMunayGas"; it is a major oil transportation company in the Republic of Kazakhstan owning a diversified network of oil pipelines and waterways with a combined length of around 8 thousand km. JSC "KazTransOil" transports ca. 59% of the total volume of oil extracted in the country to foreign markets and for internal consumption. Not for public distribution or release, directly or indirectly, in the United States, Australia, European economic zone, Canada, Russian Federation or Japan. Press-service of JSC "KazTransOil" tel. +7 (7172) 555 135 unquote [2012-11-13]