/IRBIS, January 20, 2012/ - Below is the table of the Kazakhstan issuers' international bonds quotations according to the results of the trading day on January 19, 2012. Prices are indicated in percent, yield is indicated in percent per annum on a semi-annual basis.

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                                                    Quotations           Yield
                     Date      Date     Coupon ------- ------- ------- -------
ISIN         Of advertise Of Redemp per annum%     bid     ask     bid     ask
                     ment      tion
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC ATF Bank
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XS0217138139     06.04.05  12.04.12      9.250  99.000  99.000  13.644  13.644
XS0253723281     04.05.06  11.05.16      9.000  81.940  83.516  14.818  14.249
XS0286908867     14.02.07  21.02.14      9.250  89.070  90.949  15.604  14.441
XS0274618247     03.11.06 perpetual     10.000  60.126  69.664  15.114  12.929
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC Development Bank of Kazakhstan
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XS0570541317     09.12.10  20.12.15      5.500  99.865 100.734   5.537   5.288
XS0587364224     25.01.11  20.12.15      5.500 103.500 103.875   4.669   4.582
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC BTA Bank
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XS0532988770     18.08.10  01.07.18     10.750  17.197  18.313  76.463  72.529
XS0532990248     25.08.10  01.07.18      3.140     n/p     n/p     n/p     n/p
XS0532989828     24.08.10  01.07.21      3.700  30.000  50.000  19.904  12.047
XS0532990834     19.08.10  01.07.25      6.750     n/p     n/p     n/p     n/p
XS0532990677     19.08.10  01.07.25      7.200   3.191   6.155 216.591 115.374
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC National Savings Bank of Kazakhstan
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US40430AAC71     09.04.08  16.10.13      9.250 104.713 105.509   6.317   5.841
XS0253878051     04.05.06  13.05.13      7.750 101.500 101.500   6.551   6.551
US40430AAB98     25.04.07  03.05.17      7.250  96.495  97.821   8.075   7.757
XS0583796973     19.01.11  28.01.21      7.250  96.283  97.594   7.833   7.624
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC INTERGAS-CENTRAL ASIA
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USN45748AA32     27.10.04  04.11.11      6.375 103.500 103.500   5.603   5.603
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JSC Kazkommertsbank
------------ ------------ --------- ---------- ------- ------- ------- -------
XS0167149094     11.04.03  16.04.13      8.500  99.125  99.125   9.203   9.203
XS0190240324     02.04.04  07.04.14      7.875  96.500  96.500   9.657   9.657
XS0234488236     27.10.05  03.11.15      8.000  90.000  90.000  11.319  11.319
XS0262468654     19.07.06  27.07.16      8.625     n/p     n/p     n/p     n/p
XS0305204595     07.06.07  13.06.17      8.500  60.631  65.359  18.112  16.251
US48668AAA79     05.05.11  11.05.18      8.500  77.500  79.625  13.981  13.381
US486668AA44     27.10.05 perpetual      9.200  61.875  62.375  10.748  10.649
------------ ------------ --------- ---------- ------- ------- ------- -------
KazakhGold
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XS0273371632     26.10.06  06.11.13      9.375 100.000 100.000   9.859   9.859
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC Temirbank
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USY8584LAA18     23.06.10  30.06.22     14.000 105.826 109.709  12.961  12.318
------------ ------------ --------- ---------- ------- ------- ------- -------
LLP Tengizshevroil
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USY8586EAA56     16.11.04  15.11.14      6.124 102.157 103.562   5.284   4.751
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC National company Kazakh Temir Joly
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XS0252313175     28.04.06  11.05.16      7.000 106.148 107.033   5.368   5.145
XS0253694755     29.09.10  06.10.20      6.375 103.907 104.875   5.795   5.656
JSC National Atomic Company Kazatomprom
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XS0510820011     12.05.10  20.05.15      6.250 104.461 105.493   4.779   4.450
------------ ------------ --------- ---------- ------- ------- ------- -------
JSC National Company KazMunaiGas
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XS0441261921     16.07.09  23.01.15     11.750   5.247   4.920   5.247   4.920
XS0506527851     28.04.10  05.05.20      7.000 105.764 106.750   6.101   5.954
XS0556885753     03.11.10  09.04.21      6.375 101.052 102.010   6.221   6.085
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Note: n/p - not priced.

[2012-01-20]