Terms of issue, floatation and maturity of eurobonds of Development Bank of Kazakhstan CJSC of the first issue

/IRBIS, October 9, 02/ - Below is characteristics of eurobonds for presenter Development Bank of Kazakhstan CJSC of the first issue in accordance with their including official securities lists of Kazakhstan stock exchange (KASE) of "A" category. Data is given by conclusion of KASE listing commission and data, which was presented to the stock exchange by the issuer's financial consultant. ---------------------------------------------------------------------------- Type of securities: coupon notes for presenter Servicing currency: US dollar (USD) National identification number: XS0155792186 Issue volume in issue currency: 100,000,000.00 Circulation starting date (issue date): October 10, 02 Circulation term: 5 years Maturity date: 10.10.07 Interest rate: 7.125% APR Date of interest rate payment: Apr 10 and Oct 10 of each year Time basis at all settlements: 30/360 Terms of register fixation: Not fixed in accordance with the fact that security is for presentor Juridical consultant: Brasewell & Patterson L.L.P. Date of including into KASE trade lists: Oct 10, 02 Date of first trades: Oct 10, 02 KASE trade code: BRKZe1 Accuracy of price change at quotation: 4 decimal figures Market-maker at KASE: Halyk Bank of Kazakhstan (Almaty) Minimal volume of compulsory quotation: USD3,000 ---------------------------------------------------------------------------- Manager of the issue is UBS AG acting through the group UBS WARBURG (London, United Kingdom), co-managers - ABN Amro Bank N.V. (Amsterdam, Netherlands). ING Bank N.V. (London, United Kingdom), Standart Bank London Ltd. (London, United Kingdom), HALYK SAVINGS BANK OF KAZAKHSTAN OJSC (Almaty). Trusty, main payment agent, registrar, depositary - Deutshe Bank AG London (London, United Kingdom) - defends bondholders; interests, receives all payments on bonds from the Bank and distributes sums, which are to be paid, makes payments on bonds and watches their conformity, registers global bond and registers certificates given for bonds. "Trust agreement" and "Agent agreement" with Deutshe Bank AG London were signed on September 27 of 2002. Bonds status. Bonds are direct, common and unconditional promissory notes of the bank, which are and will be equal in every respect to all other current and future unsecured liabilities of the bank, excluding liabilities, which are stipulated the requirements of corresponding legislation. Regulating legislation. Bonds and trust agreement are regulated in accordance with English legislation. Payments. Payment of the main debt and due interest on bonds on maturity date will by made by cheque on presenting of certificate in offices of the payment agents out of the USA and in New York (USA) as well or by means of money transfer to a bondholder's account, which is given in securities holders register. If payments date is a day off, the payment to a bond holder will made on the first working day, which follows this day off. A bondholder has no right for imposing of next interest or other payments as a result of such delay. Taxation. According to the acting legislation of the Republic of Kazakhstan all payments of the main sums and interest on bonds to persons, who are not residents of the Republic of Kazakhstan, and also incomes, which they receive from usage, sale, exchange of bonds transfer, are not the subject of taxation in Kazakhstan. Additional information on bonds. Bonds have passed listing at Luxemburg stock exchange. Bonds have been admitted to circulation on the territory of the Republic of Kazakhstan by the permission of the National Bank of Kazakhstan dated October 4 of 2002 #128107/80. Purpose of borrowing. Means, which have been attracted by means of bonds issue, will be used by the bank for giving loans to Kazakhstan juridical persons. [2002-10-09]