Emission, circulation and redemption terms for first issue euronotes issued by KazTransOil CJSC (Kazakhstan)

/IRBIS, Aug 27, 01/ - The following is the coupon euronotes information of KazTransOil CJSC (Astana; oil, processed oil products and water transportation services) due to passing the listing procedure on Kazakhstan Stock Exchange (KASE) under "A" category. ------------------------------------------------------------------------------- Type of securities:: coupon notes International identification number: XS0132391938 Credit ratings of emission Fitch IBCA - "BB-", S&P - "BB" :Currency of issue US dollar Issuance date July 06, 01 Issue volume in US dollars 150,000,000 Circulation date July 06, 01 Circulation term 5 years Redemption date July 06, 06 Interest rate 8.50% APR Interest payments dates Jan 06 and July 06 annually Time basis at all payments 30/360 Service of issuance in US dollars Discount at initial floatation 99.31% Lead manager of issue JP Morgan Securities Ltd Co-managers: Bank Austria Creditanstalt, ING Barings, DePfa Group, Deutsche Bank AG London, Halyk Bank of Kazakhstan OJSC, Kazkommerts Securities OJSC, Schroder Salomon Smith Barney Trustee: The Chase Manhattan Bank (London) Main payment agent The Chase Manhattan Bank (New York) Payment agent: Chase Manhattan Luxembourg S.A. (Luxembourg) Registrar: The Chase Manhattan Bank (New York) Custodian The Chase Manhattan Bank (New York) Depository: The Depository Trust Company (New York) Transfer Agent: The Chase Manhattan Bank (New York), Chase Manhattan Luxembourg S.A. (Luxembourg) Date of admission into KASE listing Aug 27, 01 Date of first trades: Sept 02, 01 Trade code at KASE: KZTOe1 Accuracy of quotations: 4 decimal places KASE market-maker: Almaty Merchant Bank OJSC Minimal volume of obligatory quotations $3,000 at face value ------------------------------------------------------------------------------- Trustee defenses notes holders, receives all payments on notes from the Issuer and Guarantor and distributes amounts to be paid through Payment Agent (Trustee Agreement was signed on July 06, 2001). Payment Agent executes payments on notes and supervises their conformance (Agent Agreement was signed on July 06, 2001). Registrar registers Global Note and keeps Non Non limited Global Note (Agent Agreement was signed on July 06, 2001.) Depository keeps Limited Global note in vaults and records exchanged Certificates. Transfer Agent registers holders of Note Certificates and confirms their property rights. Notes status Notes constitute direct, general, unconditional and unsecured bonds (obligations) of the Issuer. The Notes have the same meaning and will have the same meaning, which is inscribed to all existing and future unsecured obligations of the Issuer. The only exception is obligations that could be preferred under mandatory article of applicable law. Regulation legislation Notes and Trustee agreement are regulated and compiled under the Law of England. Procedural agent Bracewell & Patterson L.L.P. (London, Great Britain) has been appointed by the issuer as its agent in Great Britain in order to receive procedural notifications on any matters in England due to Notes. If the issuer does not have such agent in Great Britain on any reason, it immediately appoints deputy procedural agent in order to receive procedural notifications and notifies other Notes holders. Jurisdiction and arbitration Jurisdiction. English courts have the jurisdiction to settle any disputes over notes and all court examinations and procedures connected with Notes will be in those courts respectively. In the trustee agreement the issuer has irrevocably agreed to acknowledge non exclusive jurisdiction of these courts and refuse from the right to appeal against matters, which are connected with the place of court or this court irreceivability. Such liability is within the interest of Notes Holders and does not limit their right to institute court examination in any other court of the same jurisdiction or to institute court jurisdiction in one or more jurisdiction and does not exclude the possibility of court examination in other jurisdiction (simultaneously or not) Arbitration. The Issuer has agreed that, in relation to any claim in respect of any dispute or whatever arising under, out of or in connection with Notes, the Trustee or the Note Holder may notify in writing the Issuer and Guarantor to settle such claim by arbitration in accordance with UNCITRAL Arbitration rules. The seat of Arbitration shall be in London (United Kingdom). The procedural law of any reference shall be English law. The language of any arbitrage proceedings shall be English. The appointing authority shall be the London Court of the International Arbitration. Fixing of the Registrar for redemption and interest payments Interest payments on all Notes will be in check (US dollars) issued for any New York bank, which will be sent on the official address of Note Holder (or in case of mutual holding, of the initial Note holder) non insured by the post a Note holder's risk not later of the interest payment date. In order to pay the Note holder (or in case of mutual holding the initial Note holder) will be considered as the entity, indicated in the registration list as the holder on the fifteenth day before the payment date. Taxation Basic payment sums and percentage interest payment on Notes will be free of charges of the Republic of Kazakhstan, if such charge is not required by the legislation. In this case the Issuer pays such additional charges, where Notes holders are paid including all deductions, except Notes which are not the payment subject. Additional information According to the company's information dated June 06, 2001 Notes were admitted in the Luxembourg Stock Exchange listing and are being circulated on the foreign financial market free of any limits. Notes were admitted into the circulation on the territory of the Republic of Kazakhstan by the decree #450 of Kazakhstani National Bank Board date Aug 22, 2001.