XS0162680382 issue international bonds of PetroKazakhstan Finance B.V. (Netherlands) are excluded from KASE's official "A" listing category by issuer's imitative
/KASE, February 13, 06/ - By the decision of Kazakhstan stock exchange's
(KASE) Council since February 13, 2006 XS0162680382 issue
international bonds of PetroKazakhstan Finance B.V. (Rotterdam)
(PKKRe1; $10,000, $125.0 m.; February 12, 03 - February 12, 10, semi-
annual coupon, 9.625% APR), which were issued under the guarantee of
PetroKazakhstan Inc., PetroKazakhstan Kumkol Resources JSC and
PetroKazakhstan Oil Products OJSC, have been excluded from KASE's
official "A" listing category.

The reason of de-listing was the letter of PetroKazakhstan Finance B.V.
dated January 14 of 2006, presented to KASE, with the request about de-
listing of the mentioned issue bonds on KASE because of their repurchase
and redemption.

As it was said before, on November 22 of 2005 PetroKazakhstan Finance
B.V. prepared and published (in particular, on KASE's web-site at
http://www.kase.kz/emitters/scan/pkkr/pkz_redemption_rus.pdf) "Notification
about offer of repurchase" (the Offer), containing the offer about
repurchasing by PetroKazakhstan Finance B.V. its bonds from their holders
and terms of the repurchase. According to the document, in case of
bondholders' consent with the terms, the issuer was to pay money to them
for the bonds on December 23 of 2005. According to information of
PetroKazakhstan Kumkol Resources JSC the Offer was approved by
94.29% of bondholders, from whom on December 23 of 2005
PetroKazakhstan Finance B.V. purchased and repaid the mentioned bonds
with total face value of USD117,860,000. Thus, as of December 23 of 2005
bonds with total face value of USD7,140,000 had not been redeemed.

On January 10 of 2006, in compliance with terms of the article 8.04
("Conditions to Legal or Covenant Defeasance") of the contract, made
between PetroKazakhstan Finance B.V., the Guarantors (PetroKazakhstan
Inc., PetroKazakhstan Kumkol Resources JSC, PetroKazakhstan Oil
Products OJSC), the Registrar (JPMorgan Chase Bank N.A.) and the
Trustee (JP Morgan Corporate Trustee Services Limited) on February 12 of
2003, made juridical defeasance of the mentioned contract, and in
accordance with that bonds of PetroKazakhstan Finance B.V. remaining in
holders' possession with total face value of USD7,140,000 were redeemed,
that is proved by the Trustee's letter addressed to PetroKazakhstan Finance
B.V. dated January 10, 2006.

International bonds of PetroKazakhstan Finance B.V. were included in
KASE's official securities list on March 15 of 2004 under PKKRe1 symbol.
First trades in them were held on KASE on April 6 of 2004. For the whole
period of bonds circulation on KASE 6 nego deals were made in purchase-
sale sector (500,000 bonds) for a total of KZT76.6 m. (USD568.9 th.). Bonds
yield to maturity for a purchaser on made deals varied during trades from
5.14% to 7.35% APR. he last deal was made on February 9 of 2006 with the
yield of 5.14% APR.

[2006-02-13]