AT KASE THE LIST OF SECURITIES, WHOSE QUOTATIONS ARE REGULARLY PUT OUT BYTHE MARKET-MAKERS, IS SIGNIFICANTLY EXPANDED

/IRBIS, June 19, 00/ - On June 19, 2000 by the decision of the Board of Kazakhstan stock exchange (KASE), and based on the decision of the Exchange council, dated June 16, 2000, at KASE the list of private issue securities (PIS), whose quotations are regularly put out by the market- makers, is significantly expanded. In particularly, OJSC "Kazkommerts Securities" (Almaty) was granted a market-maker status of: - OJSC "KAZKOMMERTSBANK" shares (KZ1C00400415, trade code KKGB, official list of securities, category "A", minimum mandatory quotation volume - 20,000 shares, fulfillment of obligations - from June 21, 2000); - OJSC "SHNOS" common inscribed and preferred inscribed shares (KZC1C37402111 and KZ1P37402116, trade codes SYRG and SYRGp, official list of securities, category "A", minimum mandatory quotation volume - 1,500 shares, fulfillment of obligations - from June 26, 2000); - "Kazakhtelecom" common inscribed and preferred inscribed shares (KZ1C12280417 and KZ1P12280412, trade codes KZTK and KZTKp, official list of securities, category "A", minimum mandatory quotation volume - 100 shares, fulfillment of obligations - from June 26, 2000); OJSC "UKTMK" common inscribed and preferred inscribed shares (KZ1C05502017 and KZ1P0550212, trade codes UTMK and UTMKp, official list of securities, category "A", minimum mandatory quotation volume - 50 shares, fulfillment of obligations - from June 26, 2000). CJSC "Fondovyi Servis" (Almaty) was granted a market-maker status of OJSC "Halyk Bank of Kazakhstan" common inscribed shares (KZ1C33870410, trade code HSBK, official list of securities, category "A", minimum mandatory quotation volume - 1,200 shares, fulfillment of obligations - from June 17, 2000). LLP "KBS SECURITIES" (Almaty) was granted a market-maker status of OJSC "TEMIRBANK" common inscribed and preferred inscribed shares (KZ1C00260413 and KZ1P00260418, trade code TEBN and TEBNp, official list of securities, category "A", minimum mandatory volume - 350 shares, fulfillment of obligations - from June 17, 2000). Due to an absence of criteria to determine market value of OJSC "SHNOS", "Kazakhtelecom" and OJSC "UKTMK" shares, the market-maker will work without any limitations on the spreads between mandatory quotations of these companies' shares. The requirements are to be introduced in early December 2000. Considering the changes, mentioned above, beginning from June 26 seven market-makers of 17 securities will work in PIS sector of the KASE. At the KASE the market-maker is a legal entity, who has the license to conduct brokerage and dealing activities on the stock market and who assumes the responsibility to maintain the liquidity of a certain securities on the trade floor by constantly putting out bid and offer quotations. Along with maintaining the liquidity, the market-maker will act as a sort of a stabilizer of the stock market by keeping the spread between the bid and offer quotations of the shares set by the rules. Thanks to the market-makers, at any time any participant of the trades can buy or sell those securities, whose market-maker is fulfilling its obligations.