Issue, circulation and maturity terms of the 11th issue bonds of Kazakhstan Mortgage Company JSC

/IRBIS, Ranida Gabdeyeva, June 6, 05/ - Following is the characteristics of the 11th issue bonds of Kazakhstan Mortgage Company JSC (Almaty), which is given in accordance with their inclusion in Kazakhstan stock exchange's (KASE) official "A" listing category. This is the first issue made within the frameworks of the company's second bond program, which was registered by Kazakhstan agency for financial market and financial organizations regulation and supervision on March 30 of 2005. Data is shown in accordance with conclusion of KASE's Listing commission and Specification of the bonds issue of Kazakhstan Mortgage Company JSC made within the second bond program. ------------------------------------------------------------------------------- Type of securities: mortgage bonds with fixed coupon rate Debt type: secured Issue and servicing currency: KZT National identification number: KZPC1Y10B543 Issue number in state register: В54-1 Issue registration date: 30.03.05 Register maintenance: Central securities depository JSC (Almaty) Underwriter of the issue: Alliance Bank JSC (Almaty) Pawn's condition controlled by: ALMIR CONSULTING LLP (Almaty) Bondholders' representative: Bank CenterCredit JSC (Almaty) Face value: KZT1 Issue volume in issue currency: 5,000,000,000 Issue volume in securities: 5,000,000,000 Circulation start date (issue date): 10.04.05 Circulation term (calendar): 10 years since circulation start date Floatation term: during the whole circulation period Register fixation date at maturity: 09.04.15 Maturity start date: 10.04.15. issuer's option on prescheduled redemption (see below) Maturity term: within 5 working days after the day following register fixation date Coupon size: determined during securities floatation Register fixation dates for coupon payment: October 9 and April 9 of each year Coupon payment start date: October 10 and April 10 of each year Coupon payment term: within 5 working days after the day following register fixation date Time basis at all settlements: 30/360. European method Date of inclusion in KASE trade lists: 06.06.05 Trade code of KASE: KZIKb11 Date of first trades: will be determined later Quoting system on KASE: in "clean" prices expressed as % from the face value Accuracy of price changing at quoting: up to 4 decimal figures Market-maker on KASE: Alliance Bank JSC Minimal volume of compulsory quotation: 1,900,000 bonds ------------------------------------------- ----------------------------------- Credit ratings of the issue: Absent as of 06.06.05 Credit ratings of the issuer: Baa2/stable (Moody's) ------------------------------------------------------------------------------- Interest rate is fixed, determined by the results of the first trades on bonds primary floatation. These trades are held by Kazakhstan stock exchange Inc. and are specialized ones. Fixed coupon for bonds whole circulation period will be the subject of the trade. Cut-off rate determined by the results of specialized trades is taken as interest rate. Information about interest rate is published on KASE's web-site according to results of trades. Date, since which interest is charged, is bonds circulation start date - April 10 of 2005. Bonds are entirely redeemed in the end of circulation term on April 10 of 2015 together with the last coupon payment at the face value, or ahead of time, but not earlier than on April 10 of 2012 also at the face value, in full volume of partially. The issuer has no right to made prescheduled redemption until April 10 of 2012. Since April 10 of 2012 the issuer can make prescheduled redemption at any time. The issuer must inform bondholders about planned prescheduled redemption 30 calendar days before prescheduled redemption date through registrar. In case of a prescheduled redemption interest charged by redemption date is paid together with the face value. If the issuer redeems ahead of time only a part of bonds, the partial prescheduled redemption is made proportionally, i.e. to each bondholder depending on bonds he owns. Sum of partial prescheduled redemption is rounded to a whole number and equals to no less than one tenge. Detailed information about the securities, including Listing commission's conclusion and issue specification is available on KASE's web-site at http://www.kase.kz/emitters/kzik.asp [2005-06-06]