Bonds of KEGOC OJSC (Kazakhstan) have been removed from the listing of the KASE

/KASE, Nov.1, 00/ - By the decision of the Board of the Kazakhstan Stock Exchange (KASE), from November 1, 2000 inscribed discounted bonds of an open joint stock company Kazakhstan Electricity Grid Operating Company (Astana) of the first issue (KZ73LAIVAA09, trade code KEGCb; Aug.1,00 - Oct.31,00, $100; $2.5 mln) are removed from official list of the KASE securities under category "A". The bonds have been removed from the list due to an end of the circulation term. These bonds were entered into official list of the KASE securities under category "A" on June 23, 2000. By the placement and repayment terms of the bonds, beginning date of the bond placement and circulation was set by the issuer from Aug.1,00, with the placement term of 80 days and 91 day circulation from the placement beginning date. However, during this period the KEGOC OJSC did not make a decision on the beginning of the issue placement. On August 7 of current year the KEGOC OJSC informed the KASE of the fact that the issue placement had been delayed due to sufficient funds that the company had. Thus, the bonds have not appeared on the market till their specified maturity date. The KEGOC OJSC has registered its first bond issue with the purpose of providing itself with working capital during a favorable weather period in order to conduct repair works on power lines, power substations and complete construction and assembly works at its production facilities.