KASE determined the leading operators of the exchange market of GS purchasing-selling for April and first 4 months of 2008
/KASE, May 5, 08/ - Kazakhstan Stock Exchange (KASE) determined the leading
operators of the exchange market of government securities (GS) purchasing-
selling in Kazakhstan for April and first 4 months of 2008, using the new
ranking method.

Below are 10 most active category "K" members of KASE (headquarters of all
companies are located in Almaty). In April, the "top-10" accounted for 72.0 % of
the turnover of the exchange GS secondary market.

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Position in:                                                                 Ka
------------                                         Activity  calculation base:
April  March  Short name                            indicator  -----------------
 2008   2008  of a company                               (Ka)      V     N     D
-----  -----  ------------------------------------  ---------  -----  ----  ----
    1      3  Halyk Savings Bank of Kazakhstan JSC       2.88   1.00  1.00  0.88
    2      8  ATFBank JSC                                1.51   0.29  0.22  1.00
    3      1  RBNT Securities JSC                        1.50   0.06  0.69  0.75
    4     20  GRANTUM Asset Management JSC               1.15   0.07  0.33  0.75
    5     11  Kazkommertsbank JSC                        0.70   0.02  0.18  0.50
    6      -  Prime Financial Solutions JSC              0.54   0.02  0.27  0.25
    7      9  Eurasian bank JSC                          0.53   0.07  0.08  0.38
    8      2  OPAM Zhetysu JSC                           0.41   0.02  0.14  0.25
    9      -  Delta Bank JSC                             0.37   0.02  0.10  0.25
   10     16  BTA Bank JSC                               0.35   0.02  0.08  0.25
--------------------------------------------------------------------------------

The "top-10" newcomer relative to March 2008 became GRANTUM Asset
Management JSC,Kazkommertsbank JSC, Prime Financial Solutions JSC, Delta
Bank JSC and BTA Bank JSC, having driven out of top-10:

- SB Sberbank of Russia JSC (fourth position);

- Subsidiary of Bank TuranAlem JSC TuranAlem Securities JSC (fifth position);

- APF of Halyk Bank of Kazakhstan JSC (sixth position);

- Centras Securities JSC (seventh position);

- Bank CenterCredit JSC (tenth position).

In total, in conclusion of rGS purchasing-selling deals, excluding the National
Bank, in April 2008 participated 29 companies.

Below is the corresponding table of the most active category "K" members of
KASE in the sector for first 4 months of 2008. . In conclusion of deals during
this period, excluding the National Bank of the Republic of Kazakhstan,
participated 38 companies. The "top-10" here accounted for 74.5 % of the
turnover of the secondary GS market.

---------------------------------------------------------------------------
                                                                         Ka
                                                 Activity  calculation base
          Short name of                         indicator  ----------------
Position  a company                                  (Ka)     V     N     D
--------  ------------------------------------  ---------  ----  ----  ----
       1  Halyk Savings Bank of Kazakhstan JSC       2.97  1.00  0.97  1.00
       2  RBNT Securities JSC                        1.73  0.11  1.00  0.62
       3  Eurasian bank JSC                          1.08  0.24  0.25  0.59
       4  ATFBank JSC                                0.78  0.17  0.18  0.44
       5  OPAM Zhetysu JSC                           0.76  0.06  0.43  0.26
       6  Bank CenterCredit JSC                      0.62  0.09  0.24  0.29
       7  Kazpochta JSC                              0.60  0.05  0.28  0.26
       8  TuranAlem Securities JSC                   0.58  0.17  0.18  0.24
       9  GRANTUM Asset Management JSC               0.48  0.03  0.18  0.26
      10  SB Sberbank of Russia JSC                  0.47  0.02  0.16  0.29
---------------------------------------------------------------------------

KASE notices that the exchange GS market operators' activity ranking, given in
tables, is developed using the new method. This method text will be published
at the exchange site in the nearest time. This method essence includes the
following.

The company's place in the ranking is determined by the value of the so called
activity indicator (Ka), calculated for each exchange member. The first position
in the rating corresponds with the largest Ka value.

This indicator for the GS market operators is calculated by formula
Ka = V + N + D, where:

V - the indicator of deals volume, concluded by the being rated exchange
member in GS for the analyzed period on KASE, V = Vi / Vmax, where Vi - deals
volume, concluded by the being rated company for the period, Vmax - the largest
volume of deals, concluded by any KASE member for the same period (not
considering the National Bank);

N - the indicator of number of deals, concluded by the being rated exchange
member in GS for the analyzed period on KASE; N = Ni / Nmax, where Ni - the
number of deals, concluded by the being rated company for the period сделок,
Nmax - the largest volume of deals, concluded by any KASE member for the
same period (not considering the National Bank);

D - the indicator of number of effective for the being rated exchange member
days during the analyzed period (the effective day - the day during which the
being rated exchange member on the KASE secondary market concluded at least
one deal in shares by the open trades method); D = Di / Dmax, where Di - the
number of effective days of the being rated exchange member, D(max) - the
largest number of effective days, fixed for the analyzed period on any KASE
member;

Indicators Vi, Ni, Di, Ai, Vmax, Nmax, Dmax, Amax are unit values, i.e. are
calculated as the ratio of deals volume (number of deals, number of effective
days or number of sub-accounts) to the number of days in the analyzed period,
during which this trades' participant was this category exchange member. Thus,
dependence of indicators values on the duration of the being rated KASE
member activities is leveled.

At the same time not all category "K" KASE members are included into the
ranking. For inclusion into the ranking the company must have KASE
membership by the corresponding category during not less than 70 % (by
calendar days) of the analyzed period, if considered the period up to three months
inclusive, not less than 60 %, if the period duration makes up from three to six
months, and not less than 50 %, in case of use of the longer analyzed period.

[2008-05-05]