OREANDA-NEWS. On April 02, 2009 Kazakhstan Stock Exchange (KASE) sent to the office of newspaper "Vremya" a requirement to disprove false information released in the article by A. Konovalov "Chie Chutie?" ("Whose instinct"), published in No. 46 (819) of the newspaper dated April 1, 2009, reported the press-centre of KASE.

Initially the office of newspaper "Vremya" addressed KASE with letter No. 412 dated March 30, 2009 with a request to confirm information allegedly published at the KASE website in regard of purchase by Halyk Savings Bank of Kazakhstan, Open unit investment fund Kazyna and Almaty Investment Management of large amounts of currency at a day session on February 3, and explain the reason why the KASE Exchange Council decided to remove Almaty Investment Management from KASE membership since March 27, 2009...".

In its letter dated March 31, 2009 No. 10008/601 KASE reasonably answered that all suppositions of the newspaper office are false. The letter was received by the newspaper office in the afternoon of March 31, 2009.

However, April 1, 2009 the "Vremya" released the article ignoring responds and comments of KASE.

As almost all information in the article with references to the KASE website as the information source is false, today KASE addressed to the "Vremya" with letter No. 10008/620 dated April 2, 2009 requesting to release disproval.

At that, KASE indicated that:

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1) your request No. 412 dated March 30, 2009 was replied by letter No. 10008/601 of Kazakhstan Stock Exchange (the Exchange) dated March 31, 2009, which your office received by fax in the afternoon of March 31, 2009. Accordingly, at the moment of preparation of the newspaper issue for April 1, 2009 you had already got our respond, containing detailed data on the volume of trade in USD in the period December 1, 2008 - February 4, 2009, and also the data on the average daily volume of trade in USD in December 2008 - January 2009. Besides, our letter contained substantial comments, having ignoring which caused release of false information;

2) the Exchange is not releasing information on the volume of demand for currency on the side of exchange trades participants. Therefore, your author is writing lies, referring to the Internet-site of the Exchange as the information source;

3) mentioned data on results of exchange trade in dollars in December 2008 - January 2009 do not comply with our statistics, which were sent to you in our letter dated March 31, 2009;

4) your author could not receive from the Internet-site of the Exchange information on the sides of concluded on February 3 (and March 3, 2009as well) exchange deals in USD: the Exchange never and under no circumstances is releasing openly names of the sides of exchange deals in  financial instruments, as the similar information is a protected by law commercial and official secret of the Exchange and exchange members. Admissible exceptions shall in no way apply to the article "Chie Chutie?". Therefore, your author is writing lies again referring to the Internet-site of the Exchange as the information source;

5) as soon as Open unit investment fund Kazyna (which, by the way, in accordance with the Law of the Republic of Kazakhstan "On Investment Funds" is not a legal entity) and Almaty Investment Management are not exchange members in category "B" (entitled to trade in currency), your author physically could not receive at the Internet-site of the Exchange the  information on the clients of exchange members, in the interests of which the dollars were bought: the Exchange never released and may not release names of actual sellers and buyers of financial instruments, as it is in relations with exchange members exclusively, but not their clients. Accordingly, your author is writing lies again referring to the Internet-site of the Exchange as the information source.

In addition, we request to pay attention to the following facts in regard of the content of the article "Chie Chutie?":

- information on reasons of removal of Almaty Investment Management from the Exchange membership in all categories is open and was released at the Internet-site of the Exchange on March 6 and 27, 2009. At that, the Exchange Council decision on removal of Almaty Investment Management from exchange members in all categories was made not on March 27, but on the March 26, 2009, of which the Internet-site of the Exchange informs;

- on February 27, 2009 the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations adopted resolution No. 29 on depriving of Almaty Investment Management of license on carrying out broker and dealer  activity on the securities market with the right to maintain client accounts in the capacity of a nominal holder. This information was released at the Internet-site of the mentioned state body (www.afn.kz) on March 5, 2009. Correspondingly, it was not necessary for your author to create intrigues in regard of the publicly known fact;

- we are not authorized to disclose data in regard of participation of Halyk Savings Bank of Kazakhstan in exchange trades in dollars on February 2-3, 2009, however, possessing such data, we with responsibility are stating, that the statement of your author "exactly on February 3,... Halyk Savings Bank of Kazakhstan jointly with its affiliated companies bought US1bn." is  disinformation and has no grounds under.

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Below are links to the related documents:

- letter No. 412 of the "Vremya" dated March 30, 2009 -   http://www.kase.kz/files/mix/09_03_30_vremya.pdf

- letter No. 10008/601 of KASE "On "allegedly" exchange information" dated March 31 - http://www.kase.kz/files/mix/09_03_31_vremya.pdf

- article of A. Konovalov "Chie Chutie?", released in number No. 46 (819) of the "Vremya" dated April 1, 2009 - http://www.kase.kz/files/mix/09_04_01_vremya_item.pdf

- letter No. 10008/620 of KASE "Request to disprove false information" dated April 2, 2009 - http://www.kase.kz/files/mix/09_04_02_vremya.pdf