The first issue bonds of OJSC "Almaty Kus" (Kazakhstan) were entered into KASE lists under category "A"

/KASE, Apr.11, 00/ - By the decision of the Board of Kazakhstan stock exchange (KASE), dated April 11, 2000, and based on the decision of the Exchange council of April 7, coupon bonds of Open joint stock company "ALMATY KUS" (Chapaevo, Almaty region, primary activity - production and sale of poultry farming products, lease) were entered into official list of securities of the Exchange under category "A". Bonds with the national identification number KZ2C3AF64A13 were assigned a trade code ALKSb. The date the trades will start in these bonds will be announced additionally. General information on the bond issue Issue registration date: April 6, 2000 Type of the securities: coupon bonds indexed by the change in the exchange rate of tenge to dollar Circulation term: one year Face value, USD: 100.00 Issue volume, USD: 4,500,000.00 Issue volume, units: 45,000 Coupon rate (interest): 14% APR Coupon payment frequency: semiannually Coupon (interest) payment dates: October 14, 2000, October 14, 2001 The register of the issuer is maintained by LLP "Reestr-Service" (license #200500070 of the National securities commission of Kazakhstan, dated March 6, 1997). The terms of the issue do not contain clauses that may discriminate or limit the owners of the bonds in the rights to transfer or alienate the securities. Placement and repayment terms of the bonds Placement and circulation beginning date - April 14, 2000. Maturity date - April 14, 2001. Bonds are inscribed and issue in non-documentary form. Private persons and legal entities, residents and non-residents of Kazakhstan can become the owners of the bonds. The bonds begin to circulate from the issue date and will terminate ten days prior to the maturity date, that is on April 4, 2001. Owners of the bonds are paid coupon rate equal to the amount specified in issue parameters of the bonds, calculated using 360/30 time basis (360 days in a year, 30 days in a month). Coupon is calculated in U.S. dollars and paid out in tenges at weighted average rate of tenge to U.S. dollar, settled on the main (morning) trade session of KASE on the settlement day. The persons, who own the bonds for at least 10 days prior to the payment date, are entitled to receive the coupon payments. Bonds are repaid at face value by transferring an equivalent amount in tenge at weighted average rate of tenge to U.S. dollar, settled on the main (morning) trade session of KASE on the repayment day, to the accounts of the owners. The owners should be registered in the register of the issuer not later than April 4, 2001. No lotteries are stipulated by the terms of the issue. Additional information Primary activities of OJSC "Almaty Kus" are: commodity and pedigree eggs, pedigree chickens, egg powder and poultry meat. The products of the company are oriented to domestic market and are in great demand. This is especially important due to growing consumption of the products of domestic producers and due to the measures taken by the government to protect domestic producers (introduction of equipment imports benefits, income tax benefits, introduction of import tariffs etc) to stimulate the growth of import substitute domestic production. Funds, raised by issuing the bonds, are intended for the restructuring and expansion of current production of OJSC "Almaty Kus" in order to diversify its activities and to get into new markets. According to extracts from the business-plan, presented by the issuer in the issue terms of the bonds, restructuring and expansion of current production includes: - putting into service the workshop for deep processing of chicken meat on the basis of butcher workshop of Abai poultry farm to produce boiled frankfurters and smoked sausages on German equipment from "Hanse Maschinen"; - reorientation of Avatskaya poultry farm to produce broiler meat. Advantages of the projects: - availability of their own raw material base - poultry meat is a by-product of the poultry farms that produce eggs; - existing infrastructure of the butcher workshop of Abai poultry farm (refrigerators, warehouses needed for functioning of the production line) will save significant resources when the chicken meat processing production is put into service; - beneficial geographic location - close raw material sources and the market. Announced and paid authorized capital of OJSC "Almaty Kus" - KZT700 mln. Shareholders' equity - KZT697.7 mln (5.05 mln U.S. dollars). The company has registered a single issue of shares for KZT700 mln, which contained 64,867,490 common inscribed and 5,132,510 preferred inscribed shares with KZT10 face value. By the decision of the Board of KASE, dated April 4, 2000, these shares - common inscribed (KZ1C31690513, trade code ALKS) and preferred inscribed (KZ1P31690518, trade code ALKSp) - were entered into official list of securities of the Exchange under category "A".