4.65% PERCENT SBS OF CORPORATION KAZAKHMYS OJSC HAS BEEN SOLD AT KASE FOR KZT2.4 BN (USD15.1 M)

/KASE, December 27, 02/ - Today during trades on state blocks of shares (SBS) of Corporation Kazakhmys OJSC (Zheskazgan) at Kazakhstan stock exchange (KASE) SBS consisting of 228,577 common inscribed shares (4.65% of authorized capital of Corporation Kazakhmys OJSC, SBS's trade code - NZ_KZMS_4.65) was sold by one deal for KZT2,354,343,100.00 or USD15,115,197.10 at determined today weighted average stock exchange's rate of KZT to USD (KZT155.76 for dollar). The block was traded in KZT per share without lot limits. Standard offer price was KZT20,000.00 that is equal to $128.4. During the trade, in which two potential purchasers took part, there were submitted 18 bids. Demand price varied from KZT10,300.00 to 11,000.00 per share, and offer price was decreased by seller for 13 times. The deal was made at KZT10,300.00 or USD66.13 per share. We're reminding during the same trade on SBS consisting of 982,307 common inscribed shares of the company (20.0% of the authorized capital of Corporation Kazakhmys OJSC, SBS's trade code - NZ_KZMS_20) was sold by single lot for KZT28,662,735,953.00 or USD184,018,592.40 that is equal to KZT29,179.00 or USD187.33 per share. A total from selling the last state share of Corporation Kazakhmys OJSC the republican budget will receive KZT31,017,079,053.00 that is equal to USD199,133,789.50 at the current stock exchange's rate of KZT to USD. Three potential purchasers took part in the trades. Weighted average price of one share of SBS, which were sold today, was KZT27,745.99 or USD178.13. [2002-12-27]