OREANDA-NEWS. January 29, 2007. Bank CenterCredit JSC (Almaty), being the Representative of holders of mortgage bonds of Kazakhstan Mortgage Company JSC (Almaty, hereinafter - the Company) of the following issues, reported the press-centre of KASE:

 - KZ2CKY05B216 (KASE's category "A" official list, KZIKb5; KZT1,00, KZT5,0 bn; June 1, 06 - April 1, 09, semi annual coupon indexed on inflation rate, 11,59% APR for current period);

 - KZ2CKY07B220 (KASE's category "A" official list, KZIKb6; KZT1.00, KZT5,0 bn; June 1, 04 - April 1, 11, semi annual coupon indexed on inflation rate, 11,59% APR for current period);

 - KZPC1Y03B142 (KASE's category "A" official list, KZIKb9; KZT1.00, KZT5,0 bn; March 1, 05 - March 1, 08, semi annual coupon 4,90% APR);

 - KZPC2Y05B145 (KASE's category "A" official list, KZIKb10; KZT1,00, KZT5,0 bn; March 1, 05 - March 1, 10, semi annual coupon 5,69% APR);

 - KZPC1Y10B543 (KASE's category "A" official list, KZIKb11; KZT1,00, KZT5,0 bn; April 10, 05 - April 10, 15, semi annual coupon 6,90% APR);

 - KZPC2Y12B547 (KASE's category "A" official list, KZIKb12; KZT1,00, KZT5,0 bn; April 10, 05 - April 10, 17, semi annual indexed on inflation rate coupon 7,50% APR for current period);

 - KZPC4Y10B547 (KASE's category "A" official list, KZIKb16; KZT1,00, KZT5,0 bn; January 15, 07 - January 15, 17, semi annual indexed on inflation rate coupon)

had informed Kazakhstan stock exchange (KASE) about holding of procedure for check-up of property, being the pledge of execution of company's liabilities to holders of mentioned bonds as of January 1, 2008.

Based on the conducted analysis, the Representative informs that as of January 1, 2008, the company is stable and solvent, and is able to meet its obligations to the holders of bonds, listed above.

The correspondent act of financial check of the state of the company is available on KASE web site at http://www.kase.kz/emitters/kzik.asp