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May 15, 2010

JSC “Halyk Finance” as the Kazakhstan Lead Manager for JSC “National Atomic Company “Kazatomprom” (hereinafter - the Issuer) has officially notified the Kazakh Stock Exchange (hereinafter – the KASE) about the end of application collection process to participate in the expected placement of Issuer’s debut Notes registered in accordance with foreign legislation.

Hereby JSC “Kazakhstan Stock Exchange” announces about the end of application collection process to participate in the Issuer’s expected debut Notes placement registered in accordance with foreign legislation which is subject to receipt of all necessary approvals required by legislation of the Republic of Kazakhstan.



JSC “National Atomic Company “Kazatomprom”

Short Notes description:

Global Senior Unsecured Notes, in the form of a Regulation S Global Note and a Rule 144A Global Note


The Notes will be in registered form, without interest coupons attached, in denominations of U.S.$100,000 or multiples of U.S.$1,000 in excess thereof

Expected amount of the Notes:

5 000

Expected maturity period:

Indicative YTM level:

5 years


Expected ratings:

Baa3 (Moody's) and BBB- (Fitch)


Change of Status Put at 101





Additional info:

Additional information is posted at a specific site. Access details are available to potential investors upon request to JSC Halyk Finance


Application date

May 13th, 2010

Expected pricing date:

May 13th, 2010

Expected settlement date:

May 20th, 2010

Settlement terms:

The Notes buyers must ensure a sufficient amount of funds to pay for acquired Notes on the accounts of JSC Halyk Finance or other qualified brokers/custodians on the settlement date, as well as provide all necessary payment instructions.


JSC NAC Kazatomprom, rated Baa3 (Moody's) and BBB- (Fitch), will commence its roadshow on May 4, visiting investors in Europe, Kazakhstan, and the U.S. prior to launching its debut Reg S / 144A international benchmark bond, subject to market conditions.

BNP Paribas and J.P. Morgan are the joint-lead managers and bookrunners and JSC Halyk Finance is Kazakhstan Lead-Manager for the issue.

This communication is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933 (the "Securities Act"). The Securities have not been, and will not be, registered under the Securities Act and subject to certain exceptions, may not be offered or sold within the United States. The Securities will be offered and sold only (A) outside the United States in compliance with Regulation S under the Securities Act ("Regulation S"); or (B) to "Qualified Institutional Buyers" (within the meaning of Rule 144A under the Securities Act ("Rule 144A")) in reliance on the exemption from the registration requirements provided by Rule 144A. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.

This communication is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities.

Disclaimer: Russian version of this announcement prevails over its English version

An investor application form is available at http://www.kase.kz/files/mix/kzape1_order_form.pdf


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