/IRBIS, July 26, 00/ - Prices and quotations for GDR of Kazakhstan companies at German stock exchanges at closing of the trades on July 25, 2000 has reached (in Euros per GDR, unless otherwise specified):

Last Code Open High Low Last Trend,% Volume ISIN

--------   ----   ----   ----  -----   -------   ------   ------------
KKGBy.BE   8.00   8.00   7.70   7.70     +1.32        0   US48666E2028
KKGBy.F    7.60   7.60   7.60   7.60      0.00      975   US48666E2028
KZTKy.BE   2.70   2.70   2.70   2.70     -3.75        0   US48666D2045
SYRGq.BE   4.70   4.70   4.70   4.70      0.00        0   US8257001078
SYRGq.F    5.00   5.00   5.00   5.00      0.00        0   US8257001078
RKA                            44.01     -5.11            
--------   ----   ----   ----  -----   -------   ------   ------------

KKGBy - "KAZKOMMERTSBANK", 30 shares per GDR;
KZTKy - "KAZAKHTELECOM", 1 share -- 3 GDR;
SYRGq - "SHNOS", 5 shares -- 1 GDR;
RKA - REUTERS composite ADR index for Kazakhstan issuers. BE - Berlin Stock Exchange;
F - Frankfurt Stock Exchange, Source: REUTERS