SBS OF ALLIANCE BANK JSC (KAZAKHSTAN) WAS SOLD AT KASE FOR KZT124.0 M. KZT9,600 PER SHARE

15.12.04 11:08
/KASE, December 15, 04/ - Today trades in state block of shares (SBS) of Alliance Bank JSC (Almaty) were continued at Kazakhstan stock exchange (KASE). Trades concluded in deal with price KZT9,600.00 per share or USD73.83 according to the current exchange rate, acting on the date of deal conclusion (KZT130.03 per dollar). Amount of deal was KZT124,368,000.00 or equivalent in USD956,456.20. Initiator of trades was Committee of government property and privatization of Ministry of finance of the Republic of Kazakhstan (Committee), which through the mediation of Information-stocking center RGE (Almaty) exhibited on December 3, 2004 at exchange trades under code NZ_ASBN indivisible by lot holding from 12,955 common shares of Alliance Bank JSC (1.85% from total paid number of floated shares of Alliance Bank JSC). During nine trade days seller with 15 bids reduced offering price of one share of the block from KZT13,000.000 ($99.95) to price of deal. Demand price rose only by KZT100.00 from KZT9,600.00 ($73.83) for security. Common shares of Alliance Bank JSC (KZ1C40310019, KASE official "A" listing category, ASBN, nominal KZT10,000) are traded in KASE's secondary market sector from February 2, 2004. During trades 6 deals with 61,216 securities for the amount of KZT511.4 were concluded. Prices of some deals varied from KZT6,993.88 per share ($50.18) to KZT12,000.00 ($92.18). Average weighted price on all concluded deals at the secondary exchange market equaled to KZT8,651.08 per share ($63.82). We will remind that SBS trades at KASE were carried out in the frame of trade session on corporate securities from 11:30 to 17:00 of Almaty time by method of open trades according to section II of KASE internal document "Description of methods to conduct trades " (http://www.kase.kz/geninfo/normbase/methods.pdf). After coincidence of purchase and sale prices as per bids figures in course of open trade KASE system automatically opened for 15 minutes trades with corresponding instrument by Frankfurt method (article 3, part I, section IV, "Description of methods to conduct trades"), by its results deal was concluded. For participating in trades potential buyer should have to transfer to KASE correspondent account guaranteeing fee in the amount of KZT12,955.0 th. Committee did not determine any limits for investors. Shares at trades could be purchased by any individual or legal entity, resident, as well as non- resident of the Republic of Kazakhstan. Calculations on results of trades to be held according to article 7 of KASE internal document "State blocks of shares. Order of admission to sale at trades and calculations on results of trades" (http://www.kase.kz/geninfo/normbase/gpa.pdf). According to this document amount of transaction excluding amount of KASE commission premium and previously transferred guarantee fee should be charged by buyer of SBS to correspondent account of Central depositary of securities CJSC (Almaty) during seven working days from the day of its conclusion. [2004-12-15]