/IRBIS, Dec.10, 99/ - Results of the next trades in domestic State Securities at Kazakhstan stock exchange including closing quotations:

Yield to Maturity, % APR Days ---------------------------- Volume, till average best best mln Currency Maturity on deals offer bid tenge

--------  -------- -------- -------- ---------- --------
KZT             55                        15.72
KZT             62                        15.80
KZT             69                        15.92
KZT             70    14.36               15.03     14.6
KZT             77                        16.03
KZT             81    14.98               15.34     32.6
KZT             84    15.14    15.25      15.53     39.7
KZT            161                        18.52 
KZT            175                        18.58
--------  -------- -------- -------- ---------- --------
USD            172                         8.70
USD*           231    14.08                         33.8
USD          1,581    17.47  **12.74    **17.47    308.4
--------  -------- -------- -------- ---------- --------
TOTAL                                              429.1

* MGU - bonds of local executive body of Mangistau region ** AVMEKAM, full yield to maturity.

Yields, shown for securities denominated in USD, are calculated by IRBIS at the official rate on the transaction date (138.35 tenge per dollar).