OREANDA-NEWS. On May 21, 2008 By the decision of Kazakhstan Stock Exchange (KASE) Board of May 19, 2008, changes and addition # 6 (amendments) were made into the KASE internal document Rules of Annual Rewards of the Most Distinguished Exchange Members (hereinafter - Rules), effective from January 1, 2008, reported the press-centre of KASE. 

According to the mentioned amendments:

- due to introduction of the Method of Kazakhstan Stock Exchange Inc. Members Activity Indicators Calculation (hereinafter - Methods) and impossibility of its application to the exchange market in whole, and considering that not all KASE members participate in trades in all accessible instruments, from Rules was excluded the Absolute exchange market leader nomination;

- due to the insignificant volume of the exchange market of the initial corporate securities offering and, as a rule, insignificant contribution of the Exchange members into these offerings (due to the mentioned reasons the winners in this nomination were not determined in 2004 and 2005) from Rules was excluded the Leader of the exchange initial offering market;

- the Leader of corporate securities exchange market nomination was replaced by two nominations: the Leader of shares exchange market and the Leader of corporate bonds exchange market;

- the leaders in the secondary exchange market sector is determined not based on each participant total gross position on trades, as before, but based on the value of its (Ea) activity indicator in the corresponding sector, which is calculated for each KASE member in compliance with Methods considering the volume and number of satisfied market deals, the number of effective days and number of trade accounts, used by the Exchange member;

- in nominations by the secondary market sector, as before, two winners are determined - who took the first and the second places and awarded the "golden" and "silver" diplomas; in the Leading financial consultant nomination as before is awarded only one Exchange member.

The revised text of Rules is published on KASE website at http://www.kase.kz/files//normative_base/diploms.pdf

The text of Methods is available at http://www.kase.kz/files/normative_base/Members_activity.pdf

We draw attention of the market participants that for the first time KASE used Methods when developing rankings of the most active Exchange members by results of February 2008. KASE new on this topic (http://www.kase.kz/market/kasenews/) were published on March 27-31 and contained the ranking comparisons for February and January.

As Rules are given effect from January 1, 2008, the most distinguished in 2007 KASE members were determined based on new Rules.