/IRBIS, Dec.23, 99/ - Prices and quotations for GDR of Kazakhstan companies at German stock exchanges at closing of the trades on December 22, 1999 has made (in Euros per GDR, unless otherwise specified):

Last Code Open High Low Last Trend,% Volume ISIN

--------   ----   ----   ----    ----  -------   ------   ------------
KKGBy.BE   9.00   9.00   9.00    9.00     0.00        0   US48666E2028
KKGBy.F    9.00   9.00   8.50    8.50    -5.56   20,600   US48666E2028
KZTKy.BE   3.50   3.50   3.50    3.50     0.00        0   US48666D2045
SYRGq.BE   2.70   2.70   2.70    2.70     0.00        0   US8257001078
SYRGq.F    3.00   3.00   2.80    2.80    -3.45        0   US8257001078
RKA                             69.57    +0.35
--------   ----   ----   ----    ----  -------   ------   ------------

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