Results of primary additional offering of OJSC "Komirbank" (Kazakhstan) bonds of the first issue at KASE

/KASE, Feb.21, 00, official press-release of the Exchange/ - Kazakhstan stock exchange (KASE) informs, that on February 18, 2000 an auction was held in trade system of the Exchange for additional offering of OJSC "Komirbank" (Ekibastuz) coupon bonds of the first issue (KASE official list of securities, category "A"). The table contains the issue parameters and complete results of additional offering. --------------------------------------------------------------- Type of the securities Coupon bond NSIN KZ2CCAEQCA00 KASE trade code KOMBb Face value, USD 10.00 Registered issue volume, USD 2,000,000.00 Issue date Dec.26.1999 Circulation began Dec.26.1999 Maturity date Dec.26.2000 Circulation term 364 days Coupon semiannual Coupon rate, % APR 12,00 Coupon payment dates June 26.2000 Dec.26.2000 --------------------------------------------------------------- Additional offering date Feb.18.2000 Payment date for the bonds purchased at additional offering Feb.18.2000 4:00PM ALM Planned offering volume at face value , USD 580,000.00 --------------------------------------------------------------- Number of participants-members of KASE 1 Total number of investors 1 Number of submitted bids 6 Demand 46,000 Bid prices including accumulated interest, % of face value: - minimum 101.05 - maximum 101.05 - weighted average 101.05 Number of satisfied bids 6 Actual additional offering volume: - bonds 46,000 - at face value, USD 460,000.00 - amount raised, USD 464,830.00 - amount raised, KZT 65,006,475.50 Bid prices of additional offering including accumulated interest, % of face value (USD per paper): - minimum 101.05 (10.105) - maximum 101.05 (10.105) - weighted average 101.05 (10.105) --------------------------------------------------------------- These securities are paid and serviced in KZT at official rate towards the U.S. dollar, set by the National Bank of Kazakhstan on the payment date. Based on the issue regulations of the emitter, all calculations regarding the servicing the issue are made using actual time basis. At additional offering accumulated interest equaled 1.7802% of the face value when calculated by this method, and net price - 99.2698% with 312 days till maturity. When calculated using 30/360 time basis, adopted for processing the trades in coupon bonds at KASE, accumulated interest equals 1.7(3)% of the face value, net price - 99.3167% with 308 days till maturity. Based on the algorithm, used at KASE for approximate estimation of yields of coupon bonds, full yield equaled 12.95% APR for KOMBb buyer at additional offering.