/IRBIS, Dec.24, 99/ - Results of the next trade for the internal State Securities on KASE with the session closing quotation:

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

--------  -------- -------- -------- ---------- --------
KZT             41                        15.45
KZT             48    14.77               15.48     15.2
KZT             55                        15.51
KZT             56    15.30               15.57     55.2
KZT             63    15.36               15.67    311.7
KZT             67    15.02               15.71      7.1
KZT             70                        15.81
KZT             76                        15.83
KZT             77                        15.88
KZT             81                        16.11
KZT            147                        18.49
KZT            161                        18.52
KZT            168                        18.53
KZT            172                        18.55
--------  -------- -------- -------- ---------- --------
USD            244     9.74                         25.8
USD           1567    14.54   *14.54     *15.53    279.9
--------  -------- -------- -------- ---------- --------
TOTAL                                              695.0

* АВМЕКАМ - whole yield to redemption.

For securities denominated in USD, the yield calculated by IRBIS at the official rate on the transaction date (138.25 tenge per dollar) is shown.