For the first time KASE trades fixed market value of OJSC "Bank TuranAlem" (Kazakhstan) shares

/IRBIS, Dec.10, 99/ - As it has been informed earlier, today one of investors of OJSC "Bank TuranAlem" (Almaty, official list of securities, category "A") planned to enter the trade floor of KASE state owned block of 10,000 common inscribed shares of the bank. The campaign was preceded by a presentation for potential investors, which included: - announcement of events planned by KASE and its members, which should happen on trade floors of the Exchange in near future (entering the trade floor shares of OJSC "Bank TuranAlem", offering municipal bonds of Almaty and Atyrau region); - short review-presentation of major indicators in activities of OJSC "Bank TuranAlem" compared with that of six biggest banks of Kazakhstan (prepared by KASE); - presentation of OJSC "Bank TuranAlem", prepared by its employees with their comments and explanations. The bank aims at solving the following issues by entering its shares on the trade floor: - Bringing out to free market big numbers of its shares will let OJSC "Bank TuranAlem" to increase the number of its shareholders remarkably (as of August 27 there were 27 of them), and thus, get closer to established standards. - Selling shares, previously placed among the shareholders, will allow to determine the price for the next planned 5th issue for a total of 4.0 bln tenge to be offered public. - With significant number of shares freely trading, affiliated subdivision of the bank - LLP "TuranAlem-securities" would be able to take responsibilities of a specialist or a market-maker for the bank's shares, which will stimulate the trade in these securities on KASE. On trades in common inscribed shares of OJSC "Bank TuranAlem" (trade code BTAS) 4 deals were made totaling $42,210.00, that is 500 share block. All deals were conducted at $90.42 per share. BTAS were entered into KASE official list of securities in category "A" by the decision of the Exchange's board on September 08, 99. Trades in this instrument were opened on September 21, 99, but no deals have not been made yet, since the bank shareholders are not interested in selling their shares. Par value of OJSC "Bank TuranAlem" shares is 10 thousand tenge. As of July 01, 99 book value was equal to 5,484.09 tenge.