TuranAlem Securities LLP informed about payment of the 3rd coupon by Bank TuranAlem OJSC on international notes of TuranAlem Finance B.V. of the 1st issue

/KASE, December 28, 02/ - Today TuranAlem Securities LLP (Almaty) informed KASE with official letter that on December 28 of 2002 Bank TuranAlem OJSC (Almaty) paid the third coupon on term insubordinate international notes of the first issue (XS0131688227; KASE's official "А" listing category, trade code - BTASe1; $100.0 m; June 28, 01 - June 28, 04; semi-annual coupon 11.5% APR), which had been issued by subsidiary TuranAlem Finance B.V. (Netherlands), in the amount of USD5,750,000.00. It is said in the letter that the payment was made in full volume and in accordance with registered notes issue terms. While payment there was deducted tax from residents of Kazakhstan in the amount of KZT1,318,142.36, from non-residents - KZT38,355,716.20. We're reminding that on the basis of on the basis of Trust Deed between Bank TuranAlem OJSC (founder and guarantor on euronotes of TuranAlem Finance B.V.), TuranAlem Finance B.V. (issuer and the first owner on notes) and The Bank of New York (New-York, trustee of euronotes of TuranAlem Finance B.V.) since June 26 of 2002 Bank TuranAlem OJSC substituted TuranAlem Finance B.V. as the issuer and assumed all obligations of TuranAlem Finance B.V. on payment of the main sum and interest on the mentioned securities. [2002-12-28]