Stakes of Kazakhstan pension assets investing into instruments, which are nominated in foreign currencies or indexed on devaluation of tenge to US dollar, as of April 1 of 2003

/IRBIS, April 16, 03/ - In accordance with the significant tenge strengthening relative to US dollar at Kazakhstan domestic market in this year, IRBIS agency continues to publish data on the structure of accumulative pension funds' (APF) portfolios, which characterizes the degree of each APF's assets being invested into instruments, which have been issued in foreign currencies or indexed on changing of tenge's rate relative to US dollar. It allows to determine the degree of each fund's portfolio's liability to exchange rate risks. The data is given as of April 1 of this year and were presented to the agency by the Financial supervision department of the National Bank of Kazakhstan. The table below shows stakes as percentage of invested assets volume, in parentheses - difference of indicator relative to the condition as of March 1 of 2003. The stakes of Kazakhstan issuers' privileged shares are not taken into account, because the data, which was given by the National Bank, do not allow to put into a separate statistic group the shares, size of dividends on which is indexed on tenge devaluation. -------------------------------------------------------------------------------- Stake of investments into indexed and for. currency instruments --------------------------------------------------------------- Total evro- bonds for- foreign for- Kazakh- depo- inves- notes of eign issuers' eign stan sits and ted, of DEB of is- corpo- sta- corpo- deposit PAMC / ml Kaz- Kazakh- suers' rate tes' IFO's rate certifi- APF KZT TOTAL stan stan shares bonds bonds bonds bonds cates ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- USD/ mainly for. for. USD/ for. Nomination: USD KZT USD USD cur. cur. KZT cur-ies ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- PAMC ABN AMRO ASSET MANAGEMENT CJSC -------------------------------------------------------------------------------- PMK 705.5 44.99 12.47 - - 1.47 - - 31.05 - Kapital 1,064.1 55.34 37.50 - - - - - 17.84 - AAKMG 20387.6 65.44 30.09 - - 4.82 - - 30.53 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 22157.2 64.30 29.88 - - 4.48 - - 29.94 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- PAMC "ZHETISU" CJSC -------------------------------------------------------------------------------- UlUm 47791.2 80.24 23.33 0.75 - 8.02 5.99 5.79 33.00 3.36 Kazmys 9,145.7 71.81 21.63 0.84 - - 6.64 0.62 39.16 2.92 NGD 6,912.5 69.86 26.57 0.65 - - 0.62 0.80 39.04 2.17 ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 63849.4 77.91 23.44 0.75 - 6.00 5.50 4.51 34.54 3.17 ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- The company of Halyk Bank of Kazakhstan on pension assets management CJSC -------------------------------------------------------------------------------- HBK 65825.3 71.31 23.09 0.25 3.05 6.21 5.62 4.68 28.41 - Otan 3,754.3 38.98 7.60 - - 4.13 2.78 3.26 21.21 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 69579.6 69.56 22.26 0.24 2.89 6.10 5.46 4.60 28.02 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- PAMC Ak niet CJSC -------------------------------------------------------------------------------- Korgau 4,297.6 58.16 17.27 2.13 - - - - 38.75 - Kunayev 887.6 39.26 11.51 - - - - - 27.75 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 5,185.2 54.92 16.29 1.76 - - - - 36.87 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- PAMC BTA Asset Management CJSC -------------------------------------------------------------------------------- Kaz-an 7,937.4 70.60 29.77 1.17 - - - - 39.66 - Kurmet 12131.3 74.46 33.23 1.78 - - - - 39.46 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 20068.8 72.94 31.86 1.54 - - - - 39.54 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- NPAMC Activ-Invest CJSC -------------------------------------------------------------------------------- VTF 8,884.4 49.20 18.22 - - - - - 30.98 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 8,884.4 49.20 18.22 - - - - - 30.98 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- PAMC BESTINVEST CJSC -------------------------------------------------------------------------------- SENIM 13497.8 61.90 11.88 0.68 6.59 - 2.21 - 40.53 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 13497.8 61.90 11.88 0.68 6.59 - 2.21 - 40.53 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- PAMC NURTRUST CJSC -------------------------------------------------------------------------------- HPF 5,617.1 54.84 9.53 - - 1.04 - 2.83 41.43 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- Total 5,617.1 54.84 9.53 - - 1.04 - 2.83 41.43 - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- SAPF 77644.8 27.77 11.71 0.08 - - - 15.98 - - ------- ------- ----- ----- ------- ------ -------- ----- ----- ------- -------- TOTAL 286484 58.38 19.95 0.42 1.01 3.19 2.66 6.51 23.94 0.71 -------------------------------------------------------------------------------- With the purpose of compactness the following abbreviations and contractions have been used. In table's headline: DEB - domestic executive body (municipal body); for. - foreign; IFO - international financial organizations. Type of nomination: USD - issued in US dollars; USD/KZT - indexed on changing of the rate of tenge relative to US dollar; mainly USD - in most issues issued in US dollars; foreign cur-ies - issued or taken into account in different foreign currencies (mainly in Us dollars of euro). Juridical entities' names: VTF - PAPF Valut-tranzit fund CJSC; Kunaev - PAPFOT named Kunaev CJSC; HPF - OAPF Halyk Pension Fund CJSC; Kaz-n - PAPF Kazakhstan CJSC; HBK - APF of Halyk Bank of Kazakhstan; Kazmys - APF Kazakhmys CJSC; UlUm - OAPF UlarUmit CJSC; NGD - PAPF NefteGas-Dem; Kurmet - POAPF Kurmet; AAKMG - APF ABN AMRO - KaspiiMunaiGas CJSC; SENIM - OAPF SENIM CJSC; Korgau - APF Korgau CJSC; PMK - KAPF Philip Morris Kazakhstan CJSC; Otan - OAPF OTAN CJSC; SAPF - State Accumulative Pension Fund CJSC; Kapital - APF Capital CJSC. [2003-04-16]