OREANDA-NEWS. April 14, 2009. The National Bank of the Republic of Kazakhstan disseminated the press release "On the information, published in the article "Chie Chutie?" ("Whose instinct") of the newspaper "Vremya" of April 1, 2009 # 46 (819) of April 8, 2009 # 10 with the following content, reported the press-centre of KASE:

On April 6, 2009, the National Bank sent the information to "Vremya" newspaper for publication to refute the article "Chie Chutie?" ("Whose instinct"), published in "Vremya" newspaper # 46(819) of April 1, 2009, however up to date the newspaper did not publish this refutation.

The article "Chie Chutie?" ("Whose instinct"), published in "Vremya" newspaper #46(819) of April 1, 2009, surprised even us as this is that rare case, when the information, contained in the article, is not only unsubstantiated, but is the open slander.

Let us start from the issue on the so-called information dissemination on devaluation.

The next in turn newspaper hoax on purchasing of USD1 bn by Halyk Bank of Kazakhstan, can be easily refuted by actual data, through the information on trades participants, in compliance with the legislation is the law protected commercial secret and has not been provided to anyone.

However, by the trades participants consent, on April 3 KASE published the data on the currency purchase-sale for February 2-3, 2009. Thus, according to these data in the mentioned period the Halyk Bank of Kazakhstan purchased USD173.242 m. Using this amount, according to provided by Halyk Bank of Kazakhstan, on April 3 it purchased the currency to the amount of USD86.25 m, and sold it to the bank clients.
 
Concerning the currency purchasing by Almaty Investment Management (AIM) on KASE, we inform that on January 29, 2009, Kazakhstan Stock Exchange (KASE) made the decision to removed AIM from currency trades, therefore the mentioned company simply could not mentioned in the article currency.

Therefore, these statements on purchasing by AIM of the foreign currency, which is supposedly connected with the subsequent devaluation, are farfetched and false.

In addition according to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) information, it checked AIM activities, the results of which revealed that AIM violated the legislation on securities, and on February 27, 2009 decided to debar its license.

Concerning the statement that AIM and OUIF Kazyna are Halyk Bank of Kazakhstan affiliates.

According to received on AFS website information (http://www.afn.kz/index.cfm?docid=938&uid=66F7ABFF-0C80-5CB7- 3D9F527096772A36&tema=2322), as of November 5, 2008, 2 physical persons are the principal shareholders (i.e. own 10 and more percent of shares, but not Halyk Bank of Kazakhstan, as asserts the article author with the reference to the supposedly corresponding records in Zerde registers.

Besides the above said, according to the information published on AIM official website (http://www.aim.kz/?uin=1183443800), in March 2005 AIM Board of Directors decided to establish four unit investment funds (UIF) of various types to satisfy various interests of investors, among which was opened UIF Kazyna. In other words, AIM is the managing company of UIF Kazyna.

Moreover, the stake in ownership of unit investment fund is attested by a share, issued by the managing company. Thus, the author statement that Halyk Bank of Kazakhstan is OUIF Kazyna shareholder is absolutely illiterate from the legal standpoint as if the legal entity does not have shares it can not have the so-called shareholders.

Therefore, Halyk Bank of Kazakhstan is not the owner of its shares and does not participate in OUIF Kazyna management.

OUIF Kazyna is not the bank and KASE member; therefore it could not be the currency purchaser on the exchange.

Also surprises the author information that "by coincidence at the same place (Almaty, 34A/8A, Manas str.) is located Halyk Bank Almaty Regional affiliate. However it is not the "surprising coincidence", but misleading the newspaper readers, as Halyk Bank Almaty Regional affiliate almost over 10 years is located at address: Almaty. 101, Rozybakiev str.

In connection with this statement on affiliation of mentioned in "Vremya" newspaper legal entities, based on supposedly single postal address, according to the information received from Zerde registrar is false.

Thus, the statement made by "Vremya" newspaper is the article author invention: Halyk Bank of Kazakhstan was not the currency purchaser, AIM and OUIF Kazyna in principle could not purchase the currency on KASE, and Halyk Bank of Kazakhstan was not AIM and/or OUIF Kazyna shareholder. Such information in principle could not be on KASE website. References to Zerde registrar are false as well as the information on one and same legal address.

All five mentioned in the article legal entities at present make refutations.

We think that published in the article information is wrong and is completely farfetched. Moreover, this article discredits the honor, dignity and business reputation of both the government agency official and the National Bank in whole.

The demand of the National Bank to immediately publish the refutation in compliance with norms of the legislation of the Republic of Kazakhstan in force, which stipulate free of charge publishing of the refutation in the same mass media, if they disseminated the information discrediting the honor, dignity and business reputation of a citizen or a legal entity up to date was not fulfilled by "Vremya" newspaper.

Given this the National Bank reserves the right to apply for judicial protection of honor and dignity.