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18.03.2013 12:04 #Instruments

KASE COMMITTEE ON INDICES AND SECURITIES VALUATION DEFINES PRICE CORRIDOR PARAMETERS FOR PENSION ASSET MANAGEMENT COMPANIES ON EXCHANGE SECURITIES MARKET

/KASE, March 18, 13/ – In accordance with the letter from the National Bank of the Republic of Kazakhstan dated February 1, 2013 the Committee on Indices and Securities Valuation (Committee) of Kazakhstan Stock Exchange (KASE) has defined parameters of price corridors to enable pension asset management companies to calculate maximum allowed purchase or sale prices of securities in KASE trading system.

The table below shows values of the limits, basis figures (prices or yield), which are to be used for calculation of absolute values of price corridors and durations of price corridors defined by March 18, 2013 decision of the Committee.

According to the Committee's mentioned decision:

– the upper limit of securities' purchase price is equal to the upper frontier of the price corridor indicated in the table; however, for common shares of JSC "KazTransOil" – not higher than KZT850 per share with the lower limit of the price being not restricted;

– the lower limit of securities' selling price is equal to the lower frontier of the price corridor indicated in the table; however for common shares of JSC "KazTransOil" – not lower than KZT750 per share with the upper limit of the price being not restricted.

---------------------------------------------------------------------------
                           Frontier       Basic amount                     
                           of price   (price or yield) for                 
                         corridor (of    calculation of        Validity    
  Type (title)              basic        absolute value        of price    
  of securities            amount)      of price corridor      corridor    
- ---------------------- ------------ --------------------- ---------------
                                                                           
Shares                                                                     
---------------------------------------------------------------------------
  common shares of        +/-0.46 %     closing price of    March 18, 2013–
  KazTransOil                         preceding trading day March 20, 2013 
  common shares of        +/-1.71 %     closing price of    March 18, 2013–
  Kazakhtelecom                       preceding trading day March 20, 2013 
  preferred shares of     +/-1.82 %     closing price of    March 18, 2013–
  Kazakhtelecom                       preceding trading day March 20, 2013 
  common shares of        +/-1.08 %     closing price of    March 18, 2013–
  KazMunaiGas                         preceding trading day March 20, 2013 
  Exploration Production                                                   
  preferred shares of     +/-1.16 %     closing price of    March 18, 2013–
  KazMunaiGas                         preceding trading day March 20, 2013 
  Exploration Production                                                   
- ---------------------- ------------ --------------------- ---------------
                                                                           
Debt securities whose quotation subject is                                 
---------------------------------------------------------------------------
  "net" price              +/-1.5 %    market "net" price   March 18, 2013–
                                      as of January 1, 2013 March 20, 2013 
  "dirty" price            +/-2.5 %   market "dirty" price  March 18, 2013–
                                      as of January 1, 2013 March 20, 2013 
- ---------------------- ------------ --------------------- ---------------
                                                                           
GS                                                                         
---------------------------------------------------------------------------
  Notes of National Bank  +/-0.08 pp  yield at market price March 18, 2013–
                                      as of March 18, 2013  March 20, 2013 
  MEKKAM                  +/-0.08 pp  yield at market price March 18, 2013–
                                      as of March 18, 2013  March 20, 2013 
  MEOKAM (< 366 days      +/-0.08 pp  yield at market price March 18, 2013–
  to redemption)                      as of March 18, 2013  March 20, 2013 
  MEUKAM (< 366 days      +/-0.08 pp  yield at market price March 18, 2013–
  to redemption)                      as of March 18, 2013  March 20, 2013 
  MEOKAM                  +/-0.08 pp  yield at market price March 18, 2013–
  (> 366 and < 1825 days              as of March 18, 2013  March 20, 2013 
  to redemption)                                                           
  MEUKAM                  +/-0.08 pp  yield at market price March 18, 2013–
  (> 366 and < 1825 days              as of March 18, 2013  March 20, 2013 
  to redemption)                                                           
  MEOKAM (> 1825 days     +/-0.15 pp  yield at market price March 18, 2013–
  to redemption)                      as of March 18, 2013  March 20, 2013 
  MEUKAM (> 1825 days     +/-0.15 pp  yield at market price March 18, 2013–
  to redemption)                      as of March 18, 2013  March 20, 2013 
  MEUJKAM                 +/-0.21 %   market "dirty" price  March 18, 2013–
                                      as of March 18, 2013  March 20, 2013 
  MUIKAM                  +/-0.21 %   market "dirty" price  March 18, 2013–
                                      as of March 11, 2013  March 20, 2013 
---------------------------------------------------------------------------

Notes to table: market price means the price obtained by the exchange as a result of market valuation in accordance with the Methodology of Securities Valuation; pp – percentage points.

Values of corridor frontiers on shares and GS will be reviewed by the Committee on a weekly basis as of the beginning of the first business day of each calendar week. Values of corridor frontiers on corporate bonds will be reviewed on April 1 this year.

[2013-03-18]