KASE says terms of Exchange interested party transaction concluded changed

16.03.16 20:46
/KASE, March 16, 16/ – On March 5, 2016 the Board of Directors of Kazakhstan Stock Exchange JSC (KASE, or the Exchange) (Minutes No. 7 of March 5, 2016 meeting) approved a change in the terms of a transaction with Qazaq Banki JSC, namely, the bank deposit "ALL EXCLUSIVE" agreement of November 18, 2015 in terms of increasing the interest rate on the deposit from 13.00 % to 14.00 % APR in the period from February 26 to May 18, 2016, as the Exchange's related party transaction. Taking into account the said change, we inform you of the following: 1. Date of the decision to conclude the transaction made by the joint-stock company's body: March 5, 2016 (decision of the Board of Directors, Minutes No. 7 of March 5, 2016 meeting). 2. Value of the transaction's underlying assets: KZT500,000,000. 3. Date of the most recent underlying assets appraisal: not applicable. 4. Percentage ratio of the transaction's underlying assets value to the total assets value: 5.98 %. 5. Main substantial terms of the deal: - bank deposit term – 12 months; - bank deposit interest rate – 14.00 % APR; - terms of accrual and payment of interest on the bank deposit – calculated monthly, paid – upon expiry of the bank deposit agreement term. 6. Date of the transaction: March 14, 2016. Qazaq Banki JSC in accordance with item 3 of article 40 of the Act of Republic of Kazakhstan "On banks and baking operations in the Republic of Kazakhstan" is the Exchange's related party. [2016-03-16]