/IRBIS, June 26, 00/ - Following are financial and economic ratios of RGP "Kazakhstan temir joly". It is made by the data of the Listing commission of Kazakhstan stock exchange (KASE). When making this report the KASE specialists used the materials presented by RGP "Kazakhstan temir joly" based on the listing requirements: consolidated financial statements (balance sheet, income statement and cash flow statements) for the years 1997-1999, as well as balance sheet and income statement for the first quarter of 2000. These financial statements were made in accordance with the Kazakhstani accounting standards (KAS).

Moreover, the KASE has auditing report of Ernst & Young (Almaty, Kazakhstan) made in accordance with International accounting standards on consolidated financial statements of RGP "Kazakhstan temir joly" for the years 1997-1999.

The information is given due to the fact that the bonds of RGP were entered into KASE official list of securities under category "A".

As of April 1, 2000, announced authorized capital of RGP "Kazakhstan temir joly" equaled KZT971,382,000, with the paid authorized capital of KZT904,631,000.

FINANCIAL STATEMENT DATA PRESENTED BY THE ISSUER

Following is the table created by the KASE specialists based on financial statements of RGP "Kazakhstan temir joly" (in th. KZT, unless otherwise specified).

--------------------------- ------------  -----------  -----------  -----------
Ratio                           Jan.1,98     Jan.1,99     Jan.1,00     Apr.1,00
--------------------------- ------------  -----------  -----------  -----------
Authorized capital (paid)        971,382      910,831      904,631      904,631
Shareholders' equity         316,535,984  285,368,587  144,109,730  140,387,098
Book value of the assets     351,127,375  325,134,256  187,628,944  180,519,990
Net working capital           12,863,116   11,446,474   15,002,692   12,234,869
Accounts receivable           23,427,246   24,540,385   27,006,272   21,571,832
Liabilities, total            34,591,391   39,765,669   43,519,214   40,132,892
including long-term loans      2,117,843   12,646,140   16,214,804   15,688,979
including short-term loans       469,594      507,674    1,148,460    1,148,460
including other liabilities   32,003,954   26,611,855   26,155,950   22,799,338
Sales (services offered)      90,353,657  110,444,765   99,779,061   34,718,110
Net income (loss)              4,150,190  (3,284,850)      174,212      248,108
Return on sales (ROS), %           17.94         7.53        24.97        32.92
Return on equity (ROE), %           1.31            -         0.12         0.18
Return on assets (ROA), %           1.18            -         0.09         0.14
--------------------------- ------------  -----------  -----------  -----------

AUDITING REPORT DATA

Following is the table created by the KASE specialists based on auditing report of Ernst & Young (in th. USD, unless otherwise specified).

-----------------------------   --------------  --------------  --------------
Ratio                           As of Jan.1,98  As of Jan.1,99  As of Jan.1,00
-----------------------------   --------------  --------------  --------------
Authorized capital (paid)                8,086           8,086           8,086
Shareholders' equity                   652,616         597,168         696,274
Book value of the assets             1,182,732       1,128,192       1,028,959
Net working capital                    -82,716        -153,351         -13,750
Accounts receivable (net)              122,847          73,478          63,106
Liabilities, total                     530,116         531,024         332,685
including long-term loans              143,834         134,070         132,067
including short-term loans              25,375          43,011          13,124
including other liabilities            360,907         353,943         187,494
Sales (services offered)             1,060,603       1,120,473         640,870
Net income (loss)                           78        (55,448)          99,106
Return on sales (ROS), %                  3.24               -           15.30
Return on equity (ROE), %                 0.01               -           14.23
Return on assets (ROA), %                 0.01               -            9.63
-----------------------------   --------------  --------------  --------------

In auditing report of Ernst & Young, made on financial statements of RGP "Kazakhstan temir joly" for the years 1997-1998, it is said that the auditor was present when stock taking had been carried out as of December 31, 1997 and 1998. Since this residual value is used when identifying the results and cash flows, the auditor was not able to identify the need for any corrections in final results and cash flows of RGP "Kazakhstan temir joly" as of indicated dates and on December 31, 1999, also he did not make his opinion regarding the appropriateness of distributions between additional contribution to the authorized capital and undistributed income as of December 31, 1998.

It is said in auditing reports for the years 1998 and 1999 that because of an absence of independent valuation of future expenses reserves of RGP "Kazakhstan temir joly" related to pensions of its employees and the retirees, the auditor was not able to assess the effects of this absence on income statements and financial situation of RGP "Kazakhstan temir joly" as of December 31, 1998 and 1999.

In the opinion of the auditor, except for those mentioned above, consolidated financial statements give reliable representation of the company's financial situation in all aspects as of December 31, 1997 and 1998, of its income statements and cash flow statements as of indicated dates in accordance with International accounting standards. The conclusion of the auditor on consolidated financial statements of RGP "Kazakhstan temir joly" for the years 1998-1999 is conditionally positive.