ON OCTOBER 10 SPECIAL TRADES ON PRIMARY FLOATATION OF INTERNATIONAL BONDS OF BANK CASPIAN JSC (KAZAKHSTAN) TO BE HELD

/KASE, October 10, 05/ - Kazakhstan stock exchange (KASE) notifies that on October 10 special trades on primary floatation of international bonds of BANK CASPIAN JSC (Almaty) will be held: We are drawing attention of trade participants that only acceptance of bids for their transferring to the underwriter is made through the exchange, settlements on bids satisfied by the underwriter will be made in US dollars by requisites shown in the statement by the underwriter. Below are parameters of the floated securities in the original edition: 1. Security's type: inscribed coupon bonds; 2. Issuer's full name: Bank Caspian joint-stock company; 3. Country of issue: Great Britain; 4. National Identification number (NIN): will be assigned after primary floatation 5. Issue currency: US dollars; 6. Issue form: non-documentary, unsecured; 7. The seller - underwriter; Kazakhstan stock exchange Inc. makes acceptance and transfer of bids through the issuer to the underwriter. 8. Subject of trade - coupon rate; 9. Security's face value and number of bonds: one security's face value is KZT100,000 (one hundred thousand) US dollars. Number of bonds is 1,500; 10. Total volume of the issue: 150,000,000 (one hundred and fifty million) US dollars. Floatation (subscription) is made for the whole amount of issued bonds; 11. Circulation term: 3 (three) years; 12. Circulation start date: determined by the underwriter. Maturity date: in 3 (three years) since circulation start date; 13. Annual coupon rate (% APR): to be determined by the results of auction; 14. Coupon charging start date: interest charging will start since bonds circulation start date; 15. Date of trades. Trades will be held on October 10 of 2005 since 13.00 till 16.30 of Almaty time. The issuer will give the spreadsheet of bids to the underwriter for inclusion in general book of competitive bids. 16. Counter bids submitting method - closed. 17. Satisfaction method. Limited bids - in compliance with Great Britain's legislation. Percentage of market bids satisfaction is 0.; 18. Bid submitting method. Yield and total volume of eurobonds to be purchased must be shown in bids; 19. Order of notification. After closing of bids book, the underwriter through the issuer notifies Kazakhstan Stock Exchange about bids satisfied by the underwriter. The next working day Kazakhstan Stock Exchange notifies investors about bids satisfied by the underwriter; 20. Settlement date. Within the terms determined by Great Britain's legislation, the underwriter notifies the issuer about settlement date, and the issuer through Kazakhstan Stock Exchange notifies investors. At that, within one working day investors through Kazakhstan Stock Exchange give to the issuer specified requisites for transferring eurobonds, and the next day the issuer gives the requisites to the underwriter; 21. Settlement method. In US dollars within the terms determined by the underwriter by the following requisites (USD Payment instructions): Chase Manhattan Bank, New York(CHASUS33) A/C 930-1-035789 A/C Citibank Global Markets Limited; 22. Circulation start date. After bonds have been assigned ISIN, the underwriter through the issuer notifies Kazakhstan Stock Exchange about the assigned ISIN and bonds circulation start date. 23. Bonds floatation term: before circulation start; 24. Underwriter - Citigroup Global Markets Limited; 25. Rights given by bond to its holder and the order of registration of the rights on bonds: right to receive the face value, right to receive interest, right to freely sell or alienate bonds in another way, right of satisfaction of requirements in the order, provided by Great Britain's legislation. Formation, maintenance and keeping of bondholders register is made by the registrar Citibank N.A., London". [2005-10-10]