KASE DETERMINES REPRESENTATIVE LIST FOR KASE INDEX CALCULATION FROM MAY 1, 2016

14.04.17 19:27
/KASE, April 14, 2017/ – Kazakhstan Stock Exchange (KASE) informs you that based on the Committee on Indices and Securities Valuation decision of April 14, 2017 in compliance with the KASE internal document "Methodology of Stock Market Indices Calculation" (the Methodology) the representative list of shares for KASE index calculation from May 1, 2017 was determined. In accordance with this decision, as of May 1, 2017 common shares KZ1C59680013 (KZ1C00001015, KASE official list, second category, BAST) of BAST (Almaty) will be delisted from the representative list of shares for calculation of the KASE Index due to non-compliance with the following criteria: - number of participants who made deals in these shares in October 2016 and February 2017 is 5 companies instead of 6 required by the Methodology; - issuer's capitalization is KZT9.6 bn instead of KZT23 bn; - the issuer's own capital is a negative value according to the most recent annual audited financial statements, made available to KASE. Thus, as of May 1, 2017 the following shares' parameters will be used for KASE Index calculation: --------------------------------------------------------------------------------- No. Ticker NIN or ISIN Issuer Fi Ri Stake --- ------- ------------ ---------------------------------- ----- --------- ----- 1 CCBN KZ1C36280010 Bank CenterCredit 24.0 1.0000000 2.3 2 GB_KZMS GB00B0HZPV38 KAZ Minerals PLC 161.0 0.1046487 15.1 3 HSBK KZ1C33870011 Halyk Savings Bank of Kazakhstan 169.6 0.3141052 15.9 4 KCEL KZ1C59150017 Kcell 155.8 0.8315877 14.6 5 KEGC KZ1C34930012 KEGOC (KEGC) 112.2 1.0000000 10.6 6 KZTK KZ1C12280018 Kazakhtelecom 124.4 1.0000000 11.7 7 KZTO KZ1C29950017 KazTransOil 149.1 0.9291456 14.0 8 RDGZ KZ1C51460018 KazMunaiGas Exploration Production 167.5 0.1167118 15.7 --------------------------------------------------------------------------------- NOTES TO TABLE NIN or ISIN – share's national or international identification number. Issuer – share issuer short name. Fi – parameter, product of free floating shares as of July 1, 2016, price of the last deal registered on KASE on July 15, 2016, and Ri, which is restricting stake of share influence on to the index value. It is expressed in USD mln. After the Risk committee decision is effective, i.e. as of beginning of August 1, 2016, Fi value will change as Ri values will be adjusted in accordance with current share prices. Ri – restrictive coefficient – parameter limiting the stake of share influence on the index value down to 0.15 (15 %), calcualtion order is regulated by the KASE internal document "Methodology of Stock Market Indicators Calculation". Stake – share of aggregate market cost of a stock in the aggregate market value of all stocks listed on the KASE Index representative list. It is expressed in per cent. Following a decision of KASE's Management Board dated March 1, 2017, amendments No. 6 (Amendments) to KASE's internal document "Methodology for calculation of stock market indicators" were approved, to be enacted from April 15, 2017. These amendments set new criteria for shares to be listed and remain on the KASE Index representative list. To be listed on the List, the shares and their Issuer must meet the following criteria: - share trading volume for each of the six months preceding the planned date of their listing in the List (Listing Date) should be at least KZT24 m; - in each of the six months preceding the Listing Date, the proportion of the effective days for shares should be at least 70% of all trading days of the relevant month (effective day is a day during which there was at least one deal made in these shares in KASE trading system); - deals in shares made within six months preceding the Listing Date must be made by at least six KASE members; - market capitalization of the Issuer of shares calculated based on the KASE market data should not at least KZT23 bn; - equity of the Issuer of shares must be a positive value according to the most recent annual audited financial statements, made available to KASE as of the Listing Date; - Performance of the Issuer of shares should be profitable (in terms of net profit) over the last two fiscal years, for which KASE has the annual audited financial statements of this Issuer as of the Listing Date. To remain on the List, the shares and their Issuer must meet the following criteria: - in each of any four months of six months preceding the date of changing the List (Change Date), the minimum share trading volume on KASE should be equal to or exceed KZT12 m; in this case if shares are traded on a foreign stock exchange, the minimum share trading volume on KASE should be equal to or exceed KZT12 m in each of any two months of six months preceding the Change Date, provided that the share trading volume on a foreign stock exchange is equal to or exceeds the equivalent of KZT12 m in each of any four months of six months preceding the Change Date; - in each of any four months of six months preceding the Change Date, the proportion of the effective days for shares should be at least 50% of all trading days of the relevant month; - in each of any four months of six months preceding the Change Date, deals in shares must be made by at least six KASE members; - market capitalization of the Issuer of shares calculated based on the KASE market data should not at least KZT23 bn; - equity of the Issuer of shares must be a positive value according to the most recent annual audited financial statements, made available to KASE as of the Change Date; - Performance of the Issuer of shares must not be loss-making (in terms of net profit) for two years preceding the Change Date according to the annual audited financial statements, made available to KASE as of the Change Date. The Methodology valid before April 15, 2017, was published on the KASE website at – http://www.kase.kz/files/normative_base/indicators_met_eng.pdf The updated Methodology, effective from April 15, 2017, will be published on the KASE website soon at– http://www.kase.kz/files/normative_base/indicators_met_new_eng.pdf [2017-04-14]