/IRBIS, Dec.15, 99/ - Prices and quotations for GDR of Kazakhstan companies at German stock exchanges at closing of the trades on December 14, 1999 has made (in Euros per GDR, unless otherwise specified): Last Code Open High Low Last Trend,% Volume ISIN

---------  ----   ----   ----  -----   -------   ------   ------------
KKGBy.BE   8.20   8.20   8.20   8.20     +1.23        0   US48666E2028
KKGBy.F    7.35   8.20   7.35   8.20    +12.33    5,424   US48666E2028
KZTKy.BE   3.50   3.50   3.50   3.50      0.00        0   US48666D2045
SYRGq.BE   2.80   2.80   2.80   2.80     -6.67        0   US8257001078
SYRGq.F    3.00   3.00   3.00   3.00     -6.25        0   US8257001078
RKA                            61.60     -0.19
---------  ----   ----   ----  -----   -------   ------   ------------

KKGBy - "KAZKOMMERTSBANK", 30 shares per GDR;
KZTKy - "KAZAKHTELECOM", 1 share -- 3 GDR;
SYRGq - "SHNOS", 5 shares -- 1 GDR;
RKA - REUTERS composite ADR index for Kazakhstan issuers. BE - Berlin Stock Exchange;
F - Frankfurt Stock Exchange,

Source: REUTERS