On December 14 the exchange's Council did not take decision about inclusion of the 2nd issue bonds of Kazneftekhim JSC in KASE's official list

/KASE, December 15, 04/ - Kazakhstan stock exchange (KASE) notifies that on December 14 of 2004 KASE's Council did not take the decision about inclusion of indexed on tenge devaluation bonds of Kazneftekhim JSC (Almaty) of the second issue (KZ2CKY05B273; KZT1, KZT4.0 bn., 5 years; semi-annual coupon, 10% APR of indexed face value) in KASE's official "A" listing category. On December in presence of the full quorum 7 members of the Council voted for inclusion of bonds of Kazneftekhim JSC in "A" category, 2 members - objected. 6 members abstained from voting. In accordance with paragraph 3 of the article 18 of Listing rules the decision about securities inclusion in KASE's official list and (or) securities distribution between its categories must be taken by the majority of votes of voting members of the Council (as regards voting held on December 14 there must be no les than 8 placet). In accordance with the same norm of Listing rules the decision about refusal to include securities in "A" category on the reasons mentioned in the given paragraph of Listing rules is considered as accepted if no less than two thirds of members of the exchange's Council attending at the voting have voted for the decision (as regards voting on December 14, there must be 10 votes). The above-mentioned did not let take the final decision. The question about bonds inclusion in KASE's official "A" category was already discussed by the exchange's Council on October 20 of 2004. Results of the voting ("placet" - 4, "against" - 4, "abstained" - 5) also did not let members of the Council take any decision. Financial consultant of Kazneftekhim JSC on bonds bringing to the organized market is RG Securities LLP (Almaty). [2004-12-15]