Halyk Bank of Kazakhstan has explained floatation terms of its shares of the seventh issue

/IRBIS, October 22, 02/ - Today Halyk Bank of Kazakhstan OJSC (Almaty) distributed press-release, in which, besides others, there were explained in details floatation terms of the bank's shares of the seventh issue. We're reminding that within the framework of the issue there were registered 26,742,000 shares of the face value KZT100, including 20m of common inscribed (NIN - KZ1C33870011) and 6,742,000 privileged inscribed shares (NIN - KZ1P33870711). According to the bank's information shares of the seventh issue are distributed by open method among unlimited number of persons following the right of preemptive purchasing by shareholders of Halyk Bank of Kazakhstan OJSC by means of auction conducting and (or) free sale at international markets of capital through institutions ADR, GDR, EDR and (or) at Kazakhstan market of capital. In case of making of the decision about floatation of shares of the seventh issue at international markets of capital information about Financial agent and underwriter will be published by the bank additionally. In case of floatation of shares at Kazakhstan market of capital as a result of unfavorable conjuncture at international markets potential purchasers may buy shares at Kazakhstan stock exchange (KASE), working with stock exchange's members in compliance with the order set by KASE; in the headquarters of Halyk Bank of Kazakhstan OJSC (97, Rozibakiyev str., Almaty) or at branches of Halyk Bank of Kazakhstan OJSC. Date of distribution starting concerning shares of the seventh issue is the first working day, which follows the day of the issue State registration (September 23 of 2002). Period of shares distribution is not limited. [2002-10-22]