COMMITTEE OF STATE PROPERTY AND PRIVATIZATION OF THE MINISTRY OF FINANCE OF KAZAKHSTAN HAS SET SIZES OF LOTS AND GUARANTEE FEES FOR SALE OF SBS OF UKTMC OJSC AT KASE ON JANUARY 26

/KASE, January 22, 04/ - Today KIB ASSET MANAGEMENT Ltd. JSC (Almaty), which has been authorized by the Committee of state property and privatization of the Ministry of finance of Kazakhstan (Committee) to sell at Kazakhstan stock exchange (KASE) state block of shares (SBS) of UKTMC OJSC (Ust- Kamenogorsk), informed KASE about sizes of lots and guarantee fees, which will be used while selling the SBS at the stock exchange on January 26 of 2004. According to the message the SBS, which consists of 167,260 common shares (NIN - KZ1C05502017) of UKTMC OJSC (15.5% of total number of floated shares) will be divided into two parts. One part consisting of 107,910 shares (64.5% of the sold SBS or 10.0% of total number of floated shares), will be exhibited for trades by indivisible lot. In order to participate in the trades potential buyer should transfer by this lot guarantee fee to KASE's correspondent account in the amount of KZT140.0 m. The other part consisting of 59,350 shares (35.5% of the sold SBS or 5.5% of total number of floated shares) will be exhibited for retail sale (one lot - one share). Size of guarantee fee is KZT1,000 for one share. According to paragraph 1 of the article 5 of KASE's internal document "State blocks of shares. Order of admission for sale at trades and settlements according to results of trades" trade participant, who wishes to purchase the sold SBS, must transfer guarantee fee equal to 10% of the face value of the purchased shares, to KASE's correspondent account before the beginning of stock exchange's trades. In individual cases, by the decision of SBS's owner (which in this case is the Committee) another size and order of guarantee fee payment can be set. [2004-01-22]