As of March 1 Kazakhstan Mortgage Company JSC meets solvency criteria for holders of 2nd, 4th and 7th issue bonds - holders' representative

/KASE, March 24, 04/ - Halyk savings bank of Kazakhstan JSC (Almaty), which acts as the Representative of holders of agent mortgage bonds of Kazakhstan Mortgage Company JSC (KMC, Almaty) of the second (KZ2CKY10A853, KZIKb2), the fourth (KZ2CKY10B075, KZIKb4) and the seventh (KZ2CKY07B303, KZIKb7) issues, inspected the financial position of KMC at March 1 of 2005, the bank specified in the message presented to Kazakhstan stock exchange (KASE) today for spreading. According to the analysis, bondholders' representative says the financial position of KMC as of mentioned date was stable, payment capacity and liquidity were proved, company is able to pay interest to holders of bonds of the mentioned issues. Act of the check-up is available at www.kase.kz/emitters/scan/kzik/akt180305.pdf [2005-03-24]