/IRBIS, November 1, 02/ - The Ministry of Finance plans to float auction on November 4 of 2002 on floatation of МЕKКАМ-12.

Following is the announced issue parameters:

--------------------------------------------
Type of the securities            МЕККАМ-12
KASE trade code                   MKM012.079
Par value, KZT                    100.00
Day of auction                    Nov 4, 02
Payment day                       Nov 5, 02
Circulation start date            Nov 6, 02
Maturity date (planned / actual)  Nov 5, 03
Circulation term                  365 days
Authorized issue volume, KZT m    1,500.0
--------------------------------------------

Limitation for noncompetitive applications is 30%. Coupon bonds are served by actual/365 base.

The actual GS maturity and servicing volume of the Ministry of finance of Kazakhstan for the next week (November 4 - November 10) is estimated by IRBIS at KZT289.4m.

Total volume of domestic GS settlement and serving for the period of November 4 - November 10 is estimated by IRBIS at KZT10,235.2 m.

[2002-11-01]