Euronotes of Kazakhstan, ISMA

/IRBIS, Assel Omarova, December 31, 04/ - Below is table of quotations of Kazakhstan issuers' international bonds (including notes of sovereign debt) by the results of trading day of December 30, 2004 from ISMA according to data of the information system of REUTERS. Prices are shown as percentage, yield - as percentage per annum on semi-annual basis, trends are shown relative to previous trading day and corresponding value of one- week prescription. ----------------------------------------------------------------------------- Yield on ask price Bid Ask --------------------- --------------- --------------- change for quota- trend, quota- trend, -------------- Code ISIN tion 1 day tion 1 day value 1 day 7 days ------ ------------ ------- ------ ------- ------ ----- ------ ------ ENT-07 XS0111078183 115.810 -0.520 116.400 -0.560 4.011 +0.205 +0.090 KZTOe1 XS0132391938 106.500 +0.120 107.500 +0.560 4.008 -0.087 -0.037 KKGBe3 XS0146008171 108.510 +0.060 109.130 +0.020 6.163 -0.031 -0.021 KKGBe5 XS0190240324 99.800 -0.840 100.720 -1.160 7.903 +1.064 +1.086 KKGBe4 XS0167149094 104.460 +0.130 105.500 +0.070 7.757 -0.021 +0.006 BTASe1 XS0131688227 108.080 +0.030 108.760 +0.020 6.317 -0.017 -0.093 BTASe2 XS0148572901 100.450 +0.040 101.730 +0.190 7.769 -0.009 -0.049 BTASe3 XS0168848801 98.660 +0.300 99.650 +0.420 8.207 -0.047 -0.028 BRKZe1 XS0155792186 106.690 +0.030 107.380 +0.010 4.522 -0.013 +0.063 BRKZe2 XS0179958805 107.150 -0.680 107.650 -0.890 6.307 +0.096 +0.102 PKKRe1 XS0162680382 110.770 +0.380 111.270 +0.380 7.072 -0.085 -0.027 ATFBe1 XS0191061794 102.080 +0.040 102.580 +0.040 7.463 -0.020 +0.028 ATFBe2 XS0205381717 102.050 +0.910 102.550 -0.200 8.347 -0.231 +0.111 HSBKe1 XS0202799580 102.890 -0.600 103.390 -1.240 7.389 +0.148 +0.109 ----------------------------------------------------------------------------- [2004-12-31]