At KASE specialized trades on flotation of the 4th issue international bonds of Development Bank of Kazakhstan JSC (Kazakhstan) demand has not exceeded $6.0 m.

/KASE, March 14, 06/ - Today in trade system of Kazakhstan stock exchange (KASE) bids were collected within subscription of exchange's members and their clients for the 4th issue international bonds of Development Bank of Kazakhstan JSC (Astana, hereinafter - Issuer. The subject of trade was yield of bonds to maturity for buyer, expressed in percents per annum. Bids for participation in floatation were submitted from 13:00 till 15:00 of Almaty time (ALT). Trades accepted only limited bids, which were planned to be satisfied at cut-off price. Way for submission of bids - closed. 2 KASE's members took part in the trades - Kazakhstan banks, which submitted 4 bids on their own behalf. for purchase of bonds with total nominal value USD6.0 m. Yield of securities to maturity for buyer on bids varied from 6.15% APR to 9.00% APR and in average weighted expression by all demand was 7.60% APR. After closing general book of bids in London (United Kingdom of Great Britain and Northern Ireland), the Issuer through KASE will notify investors about satisfied bids. The above bonds are issued in United Kingdom of Great Britain and Northern Ireland, are not secured, are not subordinate, have nominal value in floatation one US dollar at minimum size of lot USD100.0 th. Issue form - without documents. Circulation term - 20 years from circulation start. Number of coupon payments - twice a year. Interest is accrued from the date of bonds circulation start, which will be determined after assignment of international identification number (ISIN) to the issue. The last will be assigned when floatation will finish. The issuer will notify investors through KASE about assignment of ISIN to the issue and about the date of bonds circulation start. As the Issuer informs, money for purchased in floatation bonds should be send by value date, which will be determined by underwriter after floatation, in favor of the Issuer in tenge in USD equivalent of satisfied bid at average weighted rate, formed at KASE on payment day, to the following requisites: Development Bank of Kazakhstan JSC: Banking requisites: BIC 195301907, TRN 620300018729 For financial organizations - account 002870946 For non-financial organizations - account 002870852 Destination of payment: payment for eurobonds of Development Bank of Kazakhstan JSC Delivery of eurobonds to investors' accounts will be made not later than eight working days from settlement dates. [2006-03-14]