/KASE, August 09, 02/ - Mangistaumunaigaz OJSC (Aktau), whose stocks are traded under category "B" of the official listing provided KASE with financial report for 2001: balance sheet and income statement.

The following indicators are results of the company's economic activity for 2001, based upon the company's data (in th. KZT, unless otherwise specified):

-------------------------------------------------------------------------------
                                                  As of        As of
Indicator                                     Jan 01,01    Jan 01,02  Change, %
------------------------------------------  -----------  -----------  ---------
Authorized capital (paid)                    10,892,027   10,892,027          0
Shareholders' equity                         24,144,550   31,366,683     +299.1
Total assets                                 76,661,087   82,020,981      +69.9
Net working capital                          -4,272,990   -2,316,621     -457.8
Accounts receivable, net                     33,469,743   30,499,345      -88.7
Total liabilities                            52,516,537   50,654,298      -35.5
Accounts payable                             40,863,975   43,344,705      +60.7
Sales volume                                106,193,223  108,366,346      +20.5
Cost of goods sold                           31,275,487   57,604,415     +841.8
Net income (loss) for the period             18,324,116    6,663,875     -636.3
------------------------------------------  -----------  -----------  ---------
By financial statements it was calculated:
------------------------------------------  -----------  -----------  ---------
Return on sales (ROS), %                          70.55        46.84     -336.0
Return on equity (ROE), %                         75.89        21.25     -720.1
Return on assets (ROA), %                         23.90         8.12     -660.1
Earnings per share (EPS), tenge                1,857.71       679.63     -634.2
Book value of 1 share, tenge                   2,216.72     2,879.78     +299.1
-------------------------------------------------------------------------------

Earnings per share for 2001 were calculated without dividends on preferred stocks, which will be determined at the General shareholders' meeting of the bank.

Relative to 2000 the following changes occur:

• shareholders' equity of the company grew by KZT7.2bn as a result of increase of total sum of undistributed income - by KZT6.7bn, reserve capital - by 891.1m having a decrease of additionally not paid capital(re- evaluation of fixed assets) - by 341.6m;
• assets increased by KZT5.3bn, including: depreciated cost of fixed assets - by 4.4bn, inventories - by KZT2.0bn, other assets - by KZT1.9bn with a decrease of accounts receivable - by 3.0bn;
• liabilities decreased by KZT1.9bn including: volume of formed reserves - by KZT4.3bn with a rise of total sum of accounts payable by 2.4bn;
• sales volume grew by KZT2.2bn;
• cost of goods sold increased by KZT26.3bn;
• expenses reduced by KZT17bn (by 32.1%);
• revenues from not principal activity decreased by 5.1bn tenge (by 91.4%).

Net income of Mangistaumunaigaz OJSC by results of 2001 totaled 6.7bn tenge, which is 11.7bn or 2.7 times less than in 2000.

The following is a table that shows dynamics of some indicators of Mangistaumunaigaz OJSC in 2001 in quarters and not cumulative result (in m KZT):

---------------------------------------------------------------------------
                            Change, %          Change, %          Change, %
Indicator    I-2001 II-2001           III-2001           III-2001
------------ ------ ------- --------- -------- --------- -------- ---------
Sales volume 27,214  29,305      +7.7   28,574      -2.5   23,274     -18.5
Net income    8,718  -2,700    -131.0    6,017    +322.8   -5,849    -197.2
---------------------------------------------------------------------------

Principal activity of the company -extraction and shipment of oil and gas; oil processing, realization of oil and products of its processing, prospecting and development of oil and gas fields.

[2002-08-09]