OREANDA-NEWS. December 16, 2009. The Kazakhstan Stock Exchange (KASE) informed the KASE Risk Committee made a decision to refuse to comply to the market valuation order set in KASE internal document "Securities market valuation methodology" (the Methodology), in connection with significant change of coupon interest rates of the following bonds, reported the press-centre of KASE:

- KZP11Y15B651 (CCBNb18) of Bank CenterCredit (Almaty) - from 13.00 % to 7.00 % APR beginning December 5, 2009;

- KZ2CKY07B733 (KIBNb1) of Kazinvestbank (Almaty) - from 10.90 % to 8.00 % APR beginning December 7, 2009;

- KZP02Y09C495 (KZIKb17) of Kazakhstan Mortgage Company (Almaty) - from 9.10 % to 6.50 % APR beginning December 10, 2009;

- KZPC4Y09B879 (TSBNb6) of Tsesnabank (Astana) - from 9.90 % to 6.80 % APR beginning December 14, 2009.

The decision was made due to an unreasonably high deviation of market prices of the bonds, calculated in compliance with the Methodology, from current market maker quotes on the bonds, conditioned with a significant change of coupon interest rates on the bonds in the period, parameters of which are used for market valuation.

Peculiarities of calculation of market prices of the bonds:

The period, for which orders are selected for determination of a mean bond yield, on CCBNb18 and KIBNb1 was cut to five days, on KZIKb17 - to two days, that is a period with new effective coupon rate.

TSBNb6 market net price was calculated on the basis of yield to maturity, based on a coupon interest rate, effective during the period, parameters of which were used for market valuation, and then on the basis of the resultant net price, yield to maturity was calculated for the morning of December 14, based on the new coupon rate.

Equity and securities valuation data for December 14 through December 20, 2009 are available at the KASE website at
http://www.kase.kz/files/market_valuation/ru/2009/val09121409122000.zip