ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 5, 1999 No. 363

About approval of Rules of release, the address and repayment of special currency government bonds with circulation period five years

For the purpose of protection of pension assets of the accumulation Government of the Republic of Kazakhstan pension funds decides:

1. Approve the enclosed Rules of release, the address and repayment of special currency government bonds with circulation period five years.

2. To the Ministry of Finance of the Republic of Kazakhstan together with National Bank of the Republic of Kazakhstan as the financial agent to organize release into the stream of commerce of special currency government bonds with circulation period five years by exchange of the state treasury obligations and national savings bonds nominated in the tenges acquired by the accumulation pension funds at the expense of pension assets and which are in their portfolio as of April 3, 1999 for special currency government bonds with circulation period five years.

3. Determine that exchange is performed on voluntary basis by giving by the companies on management of pension assets of written requests to National Bank of the Republic of Kazakhstan (for the svedeniyanatsionalny commission of the Republic of Kazakhstan on securities) till April 8, 1999.

4. This resolution becomes effective from the date of signing and is subject to publication.

Approved by the order of the Government of the Republic of Kazakhstan of April 5, 1999 No. 363

Rules of release, the address and repayment of special currency and government bonds with circulation period five years

1. General provisions

1. These rules determine procedure for release, the address and repayment of special currency government bonds with circulation period five years (further - special currency government bonds).

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