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

08.04.13 11:56
/KASE, April 8, 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 April 8, 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 +/-0.43 % closing price of April 8, 2013– KazTransOil preceding trading day April 14, 2013 common shares of +/-1.73 % closing price of April 8, 2013– Kazakhtelecom preceding trading day April 14, 2013 preferred shares of +/-1.82 % closing price of April 8, 2013– Kazakhtelecom preceding trading day April 14, 2013 common shares of +/-1.02 % closing price of April 8, 2013– KazMunaiGas preceding trading day April 14, 2013 Exploration Production preferred shares of +/-1.15 % closing price of April 8, 2013– KazMunaiGas preceding trading day April 14, 2013 Exploration Production - ---------------------- ------------ --------------------- -------------- Debt securities whose quotation subject is -------------------------------------------------------------------------- "net" price +/-1.5 % market "net" price April 8, 2013– as of March 26, 2013 April 14, 2013 "dirty" price +/-2.5 % market "dirty" price April 8, 2013– as of March 26, 2013 April 14, 2013 - ---------------------- ------------ --------------------- -------------- GS -------------------------------------------------------------------------- Notes of National Bank +/-0.07 pp yield at market price April 8, 2013– as of April 8, 2013 April 14, 2013 MEKKAM +/-0.07 pp yield at market price April 8, 2013– as of April 8, 2013 April 14, 2013 MEOKAM (< 366 days +/-0.07 pp yield at market price April 8, 2013– to redemption) as of April 8, 2013 April 14, 2013 MEUKAM (< 366 days +/-0.07 pp yield at market price April 8, 2013– to redemption) as of April 8, 2013 April 14, 2013 MEOKAM +/-0.06 pp yield at market price April 8, 2013– (> 366 and < 1825 days as of April 8, 2013 April 14, 2013 to redemption) MEUKAM +/-0.06 pp yield at market price April 8, 2013– (> 366 and < 1825 days as of April 8, 2013 April 14, 2013 to redemption) MEOKAM (> 1825 days +/-0.11 pp yield at market price April 8, 2013– to redemption) as of April 8, 2013 April 14, 2013 MEUKAM (> 1825 days +/-0.11 pp yield at market price April 8, 2013– to redemption) as of April 8, 2013 April 14, 2013 MEUJKAM +/-0.23 % market "dirty" price April 8, 2013– as of April 8, 2013 April 14, 2013 MUIKAM +/-0.23 % market "dirty" price April 8, 2013– as of April 8, 2013 April 14, 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. Due to an increase of inflation from 6.69 % to 7.01 % APR over the past three months as well as to a decrease and fixing of the yield on GS auctions the Committee took a decision to use market price fixed as of March 26, 2013 as the basis value parameters of frontiers of corridors for corporate bonds (January 1, 2013 market prices were used earlier). The indicated data on corporate bonds are to be used until the Committee's next meeting. [2013-04-08]