ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 6, 1998 No. 1137

About approval of the Rules of sale of shares belonging to the state through the organized market of securities

For the purpose of activation of sale of the state blocks of shares through the organized market of securities the Government of the Republic of Kazakhstan decides:

1. Approve the enclosed Rules of sale of shares, belonging to the state, through the organized market of securities.

2. To impose control of execution of this resolution on the Ministry of Finance of the Republic of Kazakhstan.

3. This resolution becomes effective from the date of signing.

Approved by the order of the Government of the Republic of Kazakhstan of November 6, 1998 No. 1137

Rules of sale of shares, belonging to the state, through the organized market of securities

These rules are developed for the purpose of activation of sale of the state blocks of shares and regulate procedure for sale of shares, belonging to the state (further - shares), through the organized market of securities.

1. Procedure for implementation of shares through the stock exchange functioning in the territory of the Republic of Kazakhstan

1. The shares which are subject to realization in the domestic organized market of securities are exposed on the exchange biddings by the state body authorized according to legal acts to own, use and dispose of republican or utility property (further - the Seller) through broker companies.

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