/IRBIS, December 9, 03/ - Below is corrected characteristics of ATFBank JSC's (Almaty) bonds of the third issue. Modifications involve changes of coupon payment dates, which have been made by Kazakhstan Stock Exchange (KASE) in agreement with the issuer. Characteristics of bonds published by IRBIS earlier are annulled.

Dates have been changed in order to make bonds structure standard and to avoid problems with accumulating interest when trades are conducted in trade system of KASE. Changes do not contradict to bonds issue terms.

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Type of securities:                        inscribed coupon bonds
Debt type:                                 senior unsecured insubordinate
Issue currency:                            Kazakhstan tenge (KZT)
Servicing currency:                        KZT
National identification number:            KZ2CKY05A978
Issue number in state register:            А97
Register maintenance:                      FONDOVIY CENTER CJSC (Almaty)
Date of issue registration:                November 17, 03
Bond's face value:                         1.00 tenge
Issue volume in issue currency:            4,500,000,000.00
Issue volume in securities:                4,500,000,000
Date of circulation start (issue date):    December 1, 03
Circulation term (calendar):               5 years
Floatation term:                           during the whole circulation term
Maturity date:                             December 1, 08*
Interest rate:                             8.5% APR of bond's face value
Dates of interest payment:                 June 1 and December 1 of each year*
Time basis at all settlements:             30/360. European method
Register fixation dates for coupon payment May 31 and November 30 of each year
Register fixation date at maturity:        November 30, 08
Date of admittance in trade lists of KASE: December 5, 03
Trade code of KASE:                        ATFBb3
Date of first trades at secondary market:  will be determined later
Accuracy of price change at quoting:       4 decimal figures
Market-makers at KASE:                     KIB ASSET MANAGEMENT JSC (Almaty)
Minimal volume of obligatory quotation:    1,700,000 bonds
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Credit ratings of issue:                   absent on issue date
Credit ratings of issuer:
Fitch:                                     B+/stable/B/4. individual D
Moody's:                                   D-/Ba2/stable/NP
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* information given below should be taken into consideration

Interest on bonds will be paid twice a year in every six months since bonds circulation start date on the basis of 360 days in the year and 30 days in the month during the whole circulation period of bonds. Interest is paid in tenge by means of money transfer to the current accounts of bondholders within 20 calendar days since date of the last day of the period, for which payment is made. Persons registered in bondholders register by the beginning of the last day of the period, for which payments are made, have the right to receive interest.

Bonds are redeemed at their face value together with the last coupon interest payment by means of money transfer within 20 calendar days after ending of bonds circulation period to current account of bondholders registered in bondholders register by the beginning of the last day of the period, for which payments are made.

Funds received from bonds issue will be spent for activation of activity of the issuer and its branches in the sphere of mid-term and long-term crediting of investment projects of various sectors of economy.

Detailed information about the securities, including conclusion of KASE's Listing commission, has been published in KASE's web site at see more atfb.asp.

[2003-12-09]