ON MARCH 14 SPECIALIZED TRADES ON FLOATATION OF THE 4TH ISSUE INTERNATIONAL BONDS OF DEVELOPMENT BANK OF KAZAKHSTAN JSC TO BE HELD ON KASE

/KASE, March 10, 06/ - Kazakhstan stock exchange (KASE) notifies that on March 14, 2006 specialized trades on floatation of the 4th issue coupon international bonds of Development Bank of Kazakhstan JSC (Almaty, hereinafter - Issuer) will be held in KASE's trade system. These bonds are issued in United kingdom of Great Britain and Northern Ireland, they are unsecured, insubordinate, have USD100.0 th. face value at floatation. Issue form is non-documentary. Circulation term is 20 years since circulation start. Number of coupon payments is 2 times per year. Charging of coupon starts since bonds circulation start date, which will be determined after assigning the international identification number (ISIN) to the issue. ISIN will be assigned after floatation. The issuer will notify investors through KASE about assigning ISIN and about bonds circulation start date. The specialized trades will be held in KASE's trade system since 13:00 until 15:00 of Almaty time (ALT). Security's symbol at the trades is BRKZe4A. The issuer plans to offer for floatation bonds for total face value USD300.0 m. Subject of the trade is yield of bonds to maturity for a buyer, expressed as % per annum. Number of financial instruments in a bid must be equal to total face value of purchased securities in US dollars, divisible by one bond's face value. The traded indicator - bonds' yield is shown as the price in bid. Only limited bids are accepted to the trades. Bids submitting method is closed. Bids satisfaction method is at cut-off price. Cut-off step is one hundredth of the traded indicator. Procedure of cutting off bids submitted to the trades will be made in compliance with United kingdom of Great Britain and Northern Ireland legislation. Underwriter of the issue to introduce international bonds of Development Bank of Kazakhstan JSC to organized market was UBS Investment Bank, HSBC Bank plc. After closing of general book of bids, underwriter notifies the Issuer about bids, satisfied by underwriter. The issuer the next working day after closing of book of bids notifies investors through KASE about bids satisfied by underwriter. In terms set by United kingdom of Great Britain and Northern Ireland legislation, underwriter notifies the Issuer about settlement date, and the issuer notifies investors through KASE. At that investors during one working day provide the Issuer with specified requisites for entry of eurobonds, and the issuer the next working day transfers requisites to underwriter. As the issuer informs, money for purchased bonds in floatation should be sent with value date, which will be set by underwriter after floatation, in favor of the issuer in tenge equivalent of US dollars of satisfied bid at average weighted rate, formed in KASE on the day of payment, on the following requisites: Development Bank of Kazakhstan JSC: Banking requisites: BIC 195301907, TRN 620300018729 For financial organization - IIK 002870946 For non-financial organization - IIK 002870852 purpose of payment: payment for eurobonds of Development Bank of Kazakhstan JSC Eurobonds will be supplied to investors' accounts no later than eight working days from settlement date. [2006-03-10]