Jsc Halyk Reg S Regulatory News (HSBK)

14 Dec 2006 08:18

Credit Suisse Securities (Eur) Ltd14 December 2006 Not for distribution, directly or indirectly, in or into the United States orany jurisdiction in which such distribution would be unlawful. 14th December 2006 JSC Halyk Savings Bank of Kazakhstan: Base offering of42,500,000 GDR's Stabilisation Notice Pursuant to Core Dealing Rule 3060-3061, Credit Suisse Securities (Europe)Limited hereby notifies the London Stock Exchange that it and its affiliates maystabilise the offering of JSC Halyk Savings Bank of Kazakhstan Securities to bestabilised are: JSC Halyk Savings Bank of Kazakhstan GDR's RegS (US46627J3023) 1. Stabilising Manager: Credit Suisse Securities (Europe) Limited (a memberfirm). Contacts - Tom Ahearne 0207 888 3818; Nicolas Meer 020 888 7178;Indranil Bhattacharyya 0207 888 2057 2. Stabilisation period commences: Thursday 14th December 2006 at 09.00amLondon time. 3. Stabilisation period ends: upon notification on or before close ofbusiness on Friday 12th January 2007; 4. Offer price: 16.00 USD for GDRs 5. Over-allotment is up to 10% of deal size - 4,250,000 GDRs ** ** Note that the over-allotment will be structured as a reverse greenshoe; theunderwriters will buy the over-allotment GDRs from an existing shareholder andbe granted a put option to sell back to that shareholder should stabilisation inthe market be required. For the avoidance of doubt stabilisation funds will beavailable to the underwriters due to deferred settlement of the initial purchaseof the over-allotment shares. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Issuer in any jurisdiction. This material was produced by Credit Suisse Securities (Europe) Limited, a firmregulated and authorised by The Financial Services Authority (the "FSA") and isnot for distribution to private customers, as defined by the rules of the FSA orto be used or considered as an offer to sell or solicitation of an offer to buyany securities. This announcement is not an offer of securities for sale into the United States.The securities have not been, and will not be, registered under the UnitedStates Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offer of securities in the United States. This information is provided by RNS The company news service from the London Stock Exchange