/IRBIS, Dec.29, 99/ - Results of the next trades in domestic State Securities at Kazakhstan stock exchange including closing quotations:

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

--------  -------- -------- -------- ---------- --------
KZT             58    15.63                         94.0
KZT             62    14.71               14.44     46.6
KZT             65    14.48               14.65    100.0
KZT             71    14.50    14.50      14.55    110.0
KZT             72             14.51
--------  -------- -------- -------- ---------- --------
USD            148     8.00                        151.1
USD            239     9.72                         26.2
USD*           362    13.07               13.07     14.3
USD          1,562    12.18  **11.79    **12.74     12.7
--------  -------- -------- -------- ---------- --------
TOTAL                                              554.9

* ALU, municipal bonds of Almaty;
** AVMEKAM, full yield to maturity.

Yields, shown for securities denominated in USD, are calculated by IRBIS at the official rate on the transaction date (138.20 tenge per dollar).