As of June 9 bonds KZ2C0Y06D750 (KZ2C00001683, TEMAb2) of TEMA Ko. excluded from KASE official list

/KASE, June 9, 14/ – Following a decision of Kazakhstan Stock Exchange (KASE) Listing Commission as of June 9, 2014 bonds KZ2C0Y06D750 (KZ2C00001683, KASE official list, rated Debt Securities category, TEMAb2; KZT1,000, KZT1.2 bn; May 14, 2010 – May 14, 2016, quarterly coupon 13.50 % APR; 30/360) of TEMA Ko. (Almaty) were excluded from KASE official list. In KASE conclusion of June 2, 2014 it is said, that in February 2014 default was committed on these bonds with regard to payment of the 15-th coupon interest (from November 14, 2013 to February 13, 2014), with Rating agency of Regional Financial Center of Almaty on March 4, 2014 downgrading the rating assigned to the mentioned bonds from "С1" to "D". In accordance with sub-item 2) of item 1of Order No. 6 of the Chairman of Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty "On Setting requirements for ratings of securities and their issuers for admittance to the special trading floor of Regional Financial Center of Almaty" dated September 8, 2006 the minimum rating of debt securities must be at least "Сaa3" according to classification of rating agency Moody's Investors Service, "СCC-" according to rating agencies Standard & Poor's and Fitch Ratings, "С1" according to classification of rating agency of Regional Financial Center of Almaty, "С++" according to classification of rating agency Expert RA Kazakhstan and "ССС" according to classification of Rating agency "KZ-rating". In the said conclusion it is also said that TEMA Ko. fails to meet requirements for information disclosure set by the legislation of the Republic of Kazakhstan, KASE internal document KASE "Listing Rules" and agreement on listing of corporate serial securities dated August 18, 2010 concluded between TEMA Ko. and KASE. According to sub-item 2) of item 1 of article 19 of KASE internal document "Listing Rules" in case the issuer and his bonds fail to meet requirements for the rating and sub-item 5) item 1 of article 19 of KASE internal document "Listing Rules" in case of a systematic (more than three times within twelve consecutive months) non- compliance of the securities admittance initiator with requirements for information disclosure specified by the legislation of the Republic of Kazakhstan, Listing Rules and listing agreement, the mentioned bonds are subject to delisting. KASE does not currently possess any information on the rating review, as well as on payment of interest on the mentioned bonds for the sixteenth coupon period (from February 14 to May 13, 2014). Based on the above-mentioned the bonds of TEMA Ko. were delisted. The mentioned bonds were included in KASE official list's Rated Debt Securities category from August 23, 2010. Trades in them were opened on September 17, 2010. During their circulation on KASE no deals were made involving them. [2014-06-09]