Almatyenergosbyt announces increasing ex-work price of electricity as of January 1, 2015

/KASE, January 12, 15/ – Almatyenergosbyt LLP (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote In accordance with Resolution No. 392 of Government of Republic of Kazakhstan of March 25, 2009 "On Approval of Cap Tariffs", an increase of the electricity's ex-work price as of January 1, 2015, was announced by the following energy producing organizations: Northern energy sources – up to KZT8.8 (10%); Almatinskie elektricheskie seti – KZT8.6 (5%); Zhambyl GRES up to KZT8.7 (2%); In addition, the price of electricity transfer over KEGOC increased by 33%, over regional power lines of AZK JSC – by 4%. Also services of energy production- consumption balancing have increased in price by 22 % to the tariff approved earlier. Since the main components of the electricity's ex-work price is its price on the wholesale market, Almatyenergosbyt LLP informs the energy consumers changing the tariff by 7.5%. As of January, 2015 the following tariffs are applied for consumers in Almaty and Almaty region: Tariffs differentiated depending upon energy consumption volumes for households (with account taken of VAT – 12%): - first level tariff– KZT15.43 per 1 kWh - second level tariff – KZT20.90 per 1 kWh - third level tariff – KZT26.13 per 1 kWh Tariffs differentiated based on day zones (with account taken of VAT): At the two-zone accounting system: daytime tariff rate (from 7:00 to 23:00) – KZT22.33 per 1 kWh; night tariff rate (from 23:00 to 7:00) – KZT4.92 per 1 kWh At the three-zone accounting system: daytime tariff rate (from 7:00 to 19:00) – KZT17.42 per 1 kWh; peak rate (from 19:00 to 23:00) – KZT36.48 per 1 kWh; night tariff rate (from 23:00 to 7:00) – KZT4.92 per 1 kWh. unquote [2015-01-12]