/IRBIS, Dec.21, 99/ - Prices and quotations for GDR of Kazakhstan companies at German stock exchanges at closing of the trades on December 20, 1999 has made (in Euros per GDR, unless otherwise specified):

Last Code Open High Low Last Trend,% Volume ISIN

--------   ----   ----   ----    ----  -------   ------   ------------
KKGBy.BE   8.50   9.00   8.50    9.00    +5.88    5,260   US48666E2028
KKGBy.F    8.10   9.25   8.10    9.25    +8.95   24,780   US48666E2028
KZTKy.BE   3.50   3.50   3.50    3.50     0.00        0   US48666D2045
SYRGq.BE   2.60   2.60   2.60    2.60     0.00      110   US8257001078
SYRGq.F    2.90   2.90   2.90    2.90     0.00        0   US8257001078
RKA                             70.64   +12.61
--------   ----   ----   ----    ----  -------   ------   ------------

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