OREANDA-NEWS. March 03, 2008. The meeting of Exchange council of Kazakhstan stock exchange (KASE) had taken place, on which the issue of applying penalties regarding Kazneftechim JSC (Almaty) was considered; Kazneftechim JSC has not submitted an audited report of financial statements of the company over year 2006 and the report over quarter IV of 2007 that contains the consolidated financial statements of the company within the terms, set by listing rules, and violated by that KASE requirements on information disclosure, reported the press-centre of KASE.

Having listened to the explanations of the issuer's representatives and its auditor, the Exchange Council of KASE took the next decision regarding Kazneftechim JSC:

- to give and an additional term for submission of the information, required by KASE, by April 1, 2008;

- to charge the forfeit, foreseen by the Listing rules for violation of terms of information disclosure;

- in case if the information, required by KASE, is not submitted by April 1, 2008, to add the question of delisting of the company's securities to consider by for Exchange Council.

Let us remind you that the Exchange Council took already the decision to give and an additional term until February 25 of 2008 for submission of the audited report of financial statements of the company over year 2006 on January 31 of 2008.

Bonds KZ2CKY05B273 (KZNHb2) of Kazneftechim JSC have been traded in the official category "A" list of KASE.