Issue, circulation and repayment terms of the second issue bonds of VITA LLP (Kazakhstan)

/IRBIS, Dec.7, 00/ - By the decision of the Exchange Council of Kazakhstan Stock Exchange (KASE), dated December 6, 2000, second issue inscribed coupon bonds of VITA Limited liability partnership (Almaty) were admitted to the official list of KASE securities under category "B" (trade code - VITAb2). GENERAL INFORMATION OF THE BOND ISSUE Issue registration date: November 10, 2000 Type of the securities: inscribed coupon bonds, indexed by the change in the exchange rate of tenge to U.S. dollar National identification number: KZ2CKAPUBA19 Face value, USD: 100.00 Issue volume, USD: 1,500,000.00 Number of bonds: 15,000 Circulation starts on December 1, 2000 Maturity December 1, 2000 Circulation term 1 year Interest: 14.0% APR Coupon type: semiannual Interest payment day twice a year, on June 1 and December 1 The issuer's register is maintained by Reestr-Servis LLP (Almaty) the license #200500070 of the National Securities Commission of Kazakhstan issued on March 6, 1996. The issue terms do not contain norms that may discriminate or limit the rights of the owners to transfer (alienate) the securities. BONDS FLOATATION AND REDEMPTION TERMS The bonds are issued in non-documentary form. Both individuals and legal entities, residents and non-residents can hold the bonds. Circulation of the bonds starts on December 1, 2000. Flotation period of bonds is 6 months from the date when the circulation has started. The payments for the bonds of VITA LLP are to be made by the residents of Kazakhstan in tenges at official rate of the National Bank of Kazakhstan, effective on the payment date, by the non-residents, in accordance with existing law of Kazakhstan. Coupon repayments on the bonds will be paid twice a year, in six and twelve months after the circulation starts. Persons, who bought the bonds of the bank not later than 30 days prior to the payment date, are eligible to receive a coupon. If the date of coupon payment date falls on week-end (holiday), the payment will be made on the next business day. The coupon is paid in tenges at official rate of the National Bank, effective on the payment date. Bonds redemption will be executed at face value simultaneously with repayment of the last coupon in tenge by transferring the money to a holder's account registered in holders-registrar 30 days prior to the maturity day. The repayment of the bonds is made in tenges at official rate of the National Bank, effective on the maturity date. If the maturity date falls on week-end, the payment will be made on the next business day. The bonds holder does not have right to demand compensation for a such kind of delays. None of the holders has the right to early maturity of the bonds, unless the cases stipulated in the law of Kazakhstan. FUND RAISING GOALS The funds raised through the bond issue will be used to put into operation the chemical refining and deodorization of vegetable oil workshop. Particularly, to purchase raw materials, increase the number of workers, expand the branch network and create strong marketing support.