/KASE, November 19, 02/ - UKTMC OJSC (Ust-Kamenogorsk), whose shares are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for 9 months of 2002: the balance sheet and income statement.

The following indicators are results of the issuer's financial and economic activity for 9 months of 2002, based upon the issuer's information (in th. KZT, unless other wise specified):

----------------------------------------------------------------
                                      As of      As of
Indicator                         Oct 1, 01  Oct 1, 02  Change,%
--------------------------------  ---------  ---------  --------
Issued authorized capital (paid)     21,582     21,582       0.0
Shareholders' equity              6,523,654  7,545,728     +15.7
Total assets                      7,405,254  8,393,533     +13.3
Net working capital               2,387,214  2,855,002     +19.6
Accounts receivable               1,143,410  1,055,427      -7.7
Liabilities, total                  881,600    847,605      -3.9
Attracted credits                   295,400          -    -100.0
Accounts payable                    548,585    763,242     +39.1
Sales volume                      7,238,146  8,390,952     +15.9
Cost of goods sold                5,762,922  6,356,636     +10.3
Net income for the period           730,941  1,111,717     +52.1
Book value of one share, KZT       6,045.46   6,992.61     +15.7
----------------------------------------------------------------

Relative to similar period of 2001 there are following changes:

• Shareholders' equity increased by KZT1.0 bn as the result of increase of total sum of undistributed income by 1.1 bn, whereas there took place decrease of additionally unpaid capital by KZT83.2 m.;
• assets increased by KZT988.3 m, including: residual value of fixed assets - by 967.4 m, funds - by 123.8 m, whereas there took place decrease of other assets - by 102.9 m;
• liabilities decreased by KZT34.0 m as the result of redemption of short- term credits for 295.4 m, whereas there took place increase of accounts payable by KZT214.7 m and reserve of forthcoming payments - by 46.7m;
• sales volume increased by KZT1.2 bn;
• cost of goods sold increased by KZT593.7 m;

Net income received by UKTMC OJSC for 9 months of 2002 increased in comparison with similar period of last year by KZT380.8 m.

The tale below shows dynamics of some indicators of UKTMC OJSC for 9 months of 2002 by quarters by non-growing result (in th. KZT):

----------------------------------------------------------
                                Change,            Change,
Indicator      I-2002  II-2002        %  III-2002        %
------------  -------  -------  -------  --------  -------
Sales volume  3,256.6  2,710.6    -16.8   2,423.8    -10.6
Net income      511.0    469.9     -8.0     130.9    -72.2
----------------------------------------------------------

The company's primary activities - production and sale of non-ferrous metals (high-quality titanium sponge, and commercial magnesium).

[2002-11-19]