Kazakhstan Mortgage Company JSC reminds about the mode of partial redemption of its 3rd and 4th issues bonds

/KASE, March 10, 05/ - Kazakhstan Mortgage Company JSC (Almaty) has informed Kazakhstan stock exchange (KASE) by the official letters that on April 1 of 2005 company's bonds of the third (KZ2CKY10A986) and the fourth (KZ2CKY05B075) issues, which have been admitted to trading in KASE's official "A" listing category, will be partially redeemed ahead of time. Issuer's message says amount of partial prescheduled redemption of the main debt is no less and divisible by one tenge, i.e. is rounded to a whole number. If bondholder has less than 10 bonds, the partial prescheduled redemption of the main debt will not be made for this holder. According to specifications of the third and the fourth issues, Kazakhstan Mortgage Company JSC every year during the first nine years of circulation on April 1 of each calendar year must make partial prescheduled redemption of these bonds at the face value in the volume of 10% of main debt's amount along with paying the next coupon interest. At that, partial prescheduled redemption is made pro rata, i.e. to each bondholder - in dependence on the number of securities he owns. Amount of prescheduled redemption of the third issue bonds (KZIKb3, KZT1, KZT5,000.0 m., December 1, 03 - April 1, 14, semi-annual coupon indexed on inflation rate) will total KZT500.0 m., amount of redemption of the fourth issue bonds (KZIKb4, KZT1, KZT5,000.0 m., February 1, 04 - April 1, 14, semi-annual coupon indexed on inflation rate) will total KZT500.0 m. According to latest data of KASE's market estimation, net price of KZIKb3 is at present equal to 119.1593% from the face value, dirty (with accumulated interest) - 122.9776%, while forecasted yield of bonds to maturity for a buyer is 5.93% APR. Similar indicators for the fourth issue bonds - 116.8336%; 120.4325%; 5.79% APR. [2005-03-10]