OREANDA-NEWS. December 16, 2008. Central Securities Depository (Almaty), the principal shareholder of which is Kazakhstan Stock Exchange (KASE), provided to KASE the letter of December 12, 2008 # 24/1172 explaining the information message "Central Securities Depository Ex-President is Arrested", published on December 10, 2008 on KazTag Information Agency Internet site, reported the press-centre of KASE.

On December 10, 2008, the International Information Agency KazTag (hereinafter - KazTag) published the information message "Central Securities Depository Ex-President is Arrested" (hereinafter - the information message) on this agency website. The information message contains the information on Central Securities Depository ex-president Zharas Baideldinov arrest and his and three employees of Central Securities Depository placement into the pre-trial prison of Almaty Department of Interior. The information message already has been disseminated on other websites and the mass media with reference to KazTag as the information source.

Central Securities Depository (hereinafter - Central Depository) brings to the notice that the information message contains wrong information, namely:

1. Zharas Baideldinov worked in Central Depository (from June 1 to December 20, 2005) as the Vice-President, and not as mentioned above in the information message the President.

2. None of at present working employees of Central Depository has been arrested or placed in the pre-trial prison.
 
As a matter of fact from the moment of Central Depository foundation (July 18, 1997) till the present time:

- the President of Central Depository is Bakhytzhan Kapyshev;

- neither in relation to the Central Depository nor in relation to its employees no criminal suits have been commenced and no decisions or resolutions of the authorized government body on criminal or administrative liability were made for violation of the effective legislation of the Republic of Kazakhstan.

In connection with the above mentioned, Central Depository demanded from KazTag the official refutation and adduction of an excuse on KazTag website and disseminate this refutation among all persons to the notice of which this information message has been brought.

Considering that the above mentioned information message, discrediting the Central Depository business reputation, and its employees honor and dignity, caused the negative response in the public, in particular, among the financial and securities markets participants, we request to publish this letter with Central Depository explanations on Kazakhstan Stock Exchange website.