REFERENCE: VALUT-TRANZIT BANK OJSC (Kazakhstan) - capital, shares, shareholders

/IRBIS, information of the agency and KASE Listing commission, Oct 8, 01/ - The following information is published due to the admittance of the first issue bonds of VALUT-TRANZIT BANK OJSC into official list of the Kazakhstan Stock Exchange (KASE) under category "A". As of July 1, 2001 issued and paid authorized capital of VALUT-TRANZIT BANK OJSC equaled KZT1.3 bn. The National Securities Commission of Kazakhstan has registered a total of 7 issues of bank shares, which consisted of 4,875,000 common inscribed () and 1,625,000 preferred inscribed shares () with the face value of KZT200.00. Type of issue is non- documentary. The register is maintained by Agentstvo po resistratsii tsennykh bumag LLP (Securities registration agency LLP, Karagandy, license of the NSC issued on April 25, 1997, #). ---------------------------------------------------------------------- Amount # in State Registration ------------------------------- Issue register date common shares preferred shares volume, KZT ---------- ------------ ------------- ---------------- ----------- A3329 06.04.94 9,000 1,000 2,000,000 A3329-1 12.07.96 170,000 - 34,000,000 A3329-2 25.02.97 420,000 - 84,000,000 A3329-3 11.12.97 400,000 - 80,000,000 A3329-4 05.06.98 1,500,000 - 300,000,000 A3329-5 10.06.99 1,251,000 1,249,000 500,000,000 A3329-6 20.09.00 1,125,000 375,000 300,000,000 ---------------------------------------------------------------------- Based on the bank's charter, the dividends per common share is set by the Board of the bank and approved by the general shareholders meeting. The payment order and minimum dividends to preferred shares is set by the issue prospectus which specifies it equal to refinancing rate of the National Bank of Kazakhstan on the payment date. Beginning from 1994 VALUT- TRANZIT BANK OJSC pays out dividends regularly. In 1994 a total of KZT652,680 was paid in dividends to common shares (KZT75.52 per share), KZT200,000 to preferred shares (KZT200 per share). In 1995 no dividends were accrued to common shares, and KZT200,000 was paid to preferred shares (KZT200 per share). In 1996: to common shares - KZT2,264,350 (KZT12.65 per share), to preferred shares - KZT170,000 (KZT170 per share). In 1997: to common shares - KZT13,684,360 (KZT23.06 per share for I quarter, KZT5.64 - for II-IV quarters), to preferred shares - KZT207,000 (KZT170 per share for I quarter, KZT37 - for II-IV quarters). In 1998: to common shares no dividends were paid (KZT20,131,379.67 of profit was used to increase authorized capital), to preferred shares - KZT50,000 was paid (KZT50 per share). In 1999: to common shares no dividends were paid (due to the need of creating reserve fund), to preferred shares dividends amounted to KZT20,695,236 (KZT17.25 per share). In 2000: to common shares no dividends were paid, to preferred shares they amounted to KZT23,923 th. (KZT15.0 per share for I quarter, KZT12.0 - for II quarter, KZT13.8 - for III quarter, KZT10.0 - for IV quarter). In I half of 2001 dividends to preferred shares amounted to KZT1,450.7m (KZT9.0 for I quarter, KZT8.5 - for II quarter). Common and preferred shares of the bank are admitted to the official list of the KASE under category "A" on February 5, 2001 (from June 1, 2000 they were under category "B"). From the admittance date into the KASE official list through October 5, 2001 a total of 22 deals were made in common shares of the bank using 2,633,462 shares amounting to $6,680.4 th., in preferred shares - 11 deals using 893,052 shares amounting to $2,280.3 th. The market-maker of the bank's shares is INVESTMENT MANAGEMENT GROUP LLP (Almaty). From October 5, 2001 common shares were quoted at $1.4864 / $2.8376, preferred - $1.7566 / $3.1417. Based on these figures the market capitalization of VALUT-TRANZIT BANK OJSC is estimated by the Exchange based on bid prices at $10.101m. Both common and preferred shares of the bank are used by the brokers in making repo deals. As of June 30, 2001, based on the extract from the register of the shareholders, following are the holders of more than 5% stake in authorized capital of VALUT-TRANZIT BANK OJSC: ------------------------------------------------------------------------------ Proportion of voting Total stake, Title of the issuer shares, % % ------------------------------------------ -------------------- ------------ Nominal holding - Central Depository of Securities CJSC (Almaty) 30.12 42.17 Partnership Irina & Co (Karagandy) 10.64 10.64 Partnership Olinda & Co (Karagandy) 9.14 10.06 Partnership TRADE, Yelena & Co (Karagandy) 7.10 7.18 Partnership Lilya & Co (Karagandy) 5.14 15.96 ------------------------------------------------------------------------------