OREANDA-NEWS. February 28, 2011. ATFBank (Almaty), the representative of holders of infrastructural bonds KZ2CKY13B996 (KASE official list Non-rated Debt Securities second subcategory, BTTRb1; KZT100, KZT18,830.0 m; March 30, 06 - March 30, 19, inflation rate indexed annual coupon, 7.80 % APR for the current coupon period, 30/360) of Batys transit (Almaty, hereinafter in the quotation - the Company), provided to Kazakhstan Stock Exchange (KASE) the official letter of February 18, 2011 that "by the Company financial status analysis for the fourth quarter of 2010, the Company faced a deficiency of funds on upcoming on March 30, 2011 payment of the annual coupon interest on offered infrastructural bonds (NIN KZ2CKY13B996)", reported the press-centre of KASE.

According to the attached copy of Batys transit letter of February 18, 2011 # 113:

quotation

1. The next coupon interest payment amount is KZT1,459,817 m. The Company  undertakes all possible measures to timely pay mentioned interest:

  - as of February 10, 2011 the Company accumulated KZT576,891 th.;

  - to overcome a forecasted cash gap the Company expects to accumulate  about KZT300,000 th. from its operational activities;

  - to sell bought back bonds of the Company to the amount of KZT100,000 th.;

  - to raise KZT500,000 th. in shareholders of the Company as a temporary financial support;

2. At present, an issue related to rating assignment on mentioned bonds has been addressed to Standard & Poor's Israel division, which received all necessary materials from the British office. The final ratings shall be assigned in the second half of 2011.