OREANDA-NEWS. On September 27, 2007 ATFBank JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had informed KASE by the official letter that since September 25, 2007 by the Board of directors of the bank were accepted the next decisions, reported the press-centre of KASE:

- In connection to that by terms offered by Deloitte LLP are appearing the unfounded costs, and also except that it is impossible to bring such expert conclusion for discussion on the future prescheduled general meeting of Bank's shareholders which takes place on October 1, 2007 the offer is not to sign the contract with independent estimator on preparation of expert conclusion:

  - on possible range of coefficient of conversion of preferred shares (NIN KZ1P35970816 and NIN KZ1P35970618) to common shares of ATFBank JSC;

  - purchasing price of preferred shares of ATFBank JSC (NIN KZ1P35970816 and NIN IEI KZ1P35970618) in case of refuse of shareholders from conversion.

- To suggest for discussion and confirmation to General meeting of shareholders the coefficient of conversion of preferred shares (NIN KZ1P35970816 and NIN KZ1P35970618) to common shares of ATFBank JSC equal to correlation of 3 preferred shares per 1 common share. At that the coefficient of conversion is estimated based upon indicators of Kazakhstan stock exchange (further - the Exchange).

Average weighted prices of shares on trade floor of Exchange are estimated in accordance with requirements of Rules of confirmation of deals with securities, as made with aim of manipulations with prices, confirmed by resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated March 26, 2007 # 110. In estimations was used the correlation of average weighted price of common share of bank to average weighted price of preferred share. At that average weighted price of common and preferred share was calculated as sum of average weighted prices for every day of the period, starting from January 1, 2007 till September 12, 2007, divided on total amount of days of mentioned period.

Average weighted price and coefficient for the period of January 1, 2007 till September 24, 2007

Average weighted price of ATFB = 2,037,979.54/183 = 11,136.50

Average weighted price of ATFBp = 515,912.57/123 = 4,194.41

Average weighted price ATFBp8 = 596,920.64/183 = 3,261.86

Coefficient of ATFBp = 11,136.50/4,194.41 = 2.66

Coefficient of ATFBp8 = 11,136.50/3,261.86 = 3.41

Average weighted coefficient = (2.66+3.41)/2 = 6.07/2 = 3.03

The given coefficient was approximate to integer 3.