KASE determined the leading operators of exchange currency market in Kazakhstan in February and for the 2 first months of 2008 (according to new methodology)
/KASE, March 31, 08/ - Kazakhstan Stock Exchange (KASE) has
determined the leading operators of stock exchange's currency market in
February 2008, using the new ranking methodology.

Totally 25 second tier banks participated in deals' making on KASE in
February. Below is the list of ten most active KASE members of "B" category
(all headquarters are in Almaty).

------------------------------------------------------------------------
 Position                                                                
      in:                                   The indicator Ka calculation
---------                                              of         basis:
Feb. Jan. Brief name of the company              activity ---- ---- ----
2008 2008                                            (Ka)    V    N    D
---- ---- --------------------------------- ------------- ---- ---- ----
   1    3 Kazkommertsbank JSC                        2.44 0.74 0.90 0.80
   2    2 Nurbank JSC                                2.43 1.00 0.63 0.80
   3    1 DJSB ABN AMRO Bank Kazakhstan JSC          2.05 0.38 0.87 0.80
   4    6 Alliance Bank JSC                          2.00 0.50 0.70 0.80
   5    7 BTA Bank JSC*                              1.67 0.41 0.47 0.80
   6    5 DB HSBC Bank Kazakhstan JSC                1.66 0.43 0.44 0.80
   7    4 BANK CASPIAN JSC                           1.43 0.42 0.21 0.80
   8    9 Citibank Kazakhstan JSC                    1.37 0.19 0.38 0.80
   9   10 Kazinvestbank JSC                          1.22 0.12 0.30 0.80
  10   12 ATFBank JSC                                1.14 0.09 0.32 0.72
------------------------------------------------------------------------

Newcomers of the "active ten" relative to January 2008 became ATFBank
JSC, having replaced Halyk Savings Bank of Kazakhstan JSC (eighth
position in January) in top-10.

Below is given the corresponding table of the most active members of KASE
of "B" category in the sector for the first 2 months of year 2008. 25 second
tier banks participated in the deals' making during the period.

--------------------------------------------------------------------------
                                              The indicator Ka calculation
                                                         of         basis:
                                                   activity --------------
Position Brief name of the company                     (Ka)    V    N    D
-------- ------------------------------------ ------------- ---- ---- ----
       1 Kazkomemrtsbank JSC                           2.34 0.70 0.84 0.80
       2 Nurbank JSC                                   2.33 1.00 0.53 0.80
       3 DJSB ABN AMRO Bank Kazakhstan JSC             2.23 0.55 0.88 0.80
       4 Alliance Bank JSC                             1.84 0.44 0.62 0.78
       5 DB HSBC Bank Kazakhstan JSC                   1.70 0.47 0.43 0.80
       6 BTA Bank JSC*                                 1.62 0.41 0.44 0.78
       7 BANK CASPIAN JSC                              1.55 0.53 0.26 0.76
       8 Citibank Kazakhstan JSC                       1.41 0.19 0.41 0.80
       9 Halyk Savings Bank of Kazakhstan JSC          1.25 0.30 0.22 0.72
      10 Kazinvestbank JSC                             1.18 0.12 0.26 0.80
--------------------------------------------------------------------------

KASE stresses, that the ranking of activity of exchange currency market
operators, given in the tables, is compiled according to the new
methodology. The text of this methodology will be published on the site of
exchange in the nearest time.

The core of the methodology is the following. The place of the bank in the
ranking is determined by the value of so-called activity indicator (Ka), which
is calculated for each member of the exchange. The first position in the
rating corresponds to the highest value of Ka.

The given indicator for corporate bonds market operators is calculated by the
formula: Ka = V + 0,9*N + 0,8*D, where:

V - the indicator of volume of the deals, enclosed by the rating member of
the exchange with corporate bonds for the analyzed period on the KASE
currency market; V = Vi / Vmax, where Vi - is the volume of deals, enclosed
by the rating bank for the period, Vmax - the highest volume of deals,
enclosed by any member of KASE of "B" category for the same period
(without consideration of the National Bank);

N - the indicator of the number of deals, enclosed by the rating member of
the exchange with currency for the analyzed period on KASE currency
market; N = Ni / Nmax, where Ni - is the number of deals, enclosed by
rating bank for the period, Nmax - the highest amount of deals, enclosed by
any member of KASE of "B" category for the same period (without
consideration of the National Bank);

D - the indicator of the amount of resulting days of rating member of the
exchange in the analyzed period (the resulting is the day, during which the
rating member of the exchange had enclosed at least one deal with
corporate bonds by open trades method on KASE secondary market);
D = Di / Dmax, where Di - is amount of resulting days of rating member of
the exchange, D(max) - the highest amount of resulting days, fixed for the
analyzed period for any KASE member of "B" category;

The Vi, Ni, Di, Vmax, Nmax, Dmax indicators are the specific indicators,
that is are calculated as the ration of volume of deals (amount of deals,
amount of resulting days) to number of days in the analyzed period, during
which this participant of traded was the member of exchange of the given
category. Thus, is grading the dependence of values of the indicators from
the duration of KASE member work on the exchange.

At the same time, into the ranking not all members of KASE of "A" category
are included to the rating. For inclusion into the ranking the bank has to be
the KASE member of the specified category not less than 70% (according to
number of calendar days) of analyzed period, if is considered the period up
to one month, and not less than 50% if the longer analyzed period is used.

[2008-03-31]