OREANDA-NEWS. On March 16, 2009 ISКЕ SAТ COMPANY (Almaty) informed Kazakhstan Stock Exchange (KASE) on delay in payment of the fourth coupon interest on bonds KZ2C0Y07C321 (KASE official list, the second subcategory of the Non-rated debt securities category, ISKEb1; KZT1,000, KZT1.0 bn.; 15.12.06 - 15.12.13, semiannual coupon 10.00 % APR; 30/360), reported the press-centre of KASE.

According to the prospectus of issue of the bonds ISКЕ SAТ COMPANY must have paid the remuneration in the period December 15 through December 24, 2008. The prospectus specifies that "in the event of non-payment or incomplete payment of remuneration (coupon) and/or the main debt in the terms specified by the prospectus, the Issuer must pay to bondholders of the issue fines for each day of delay, calculated on the basis of the official refinance rate of the National Bank of the Republic of Kazakhstan as on the day of execution of the money obligation or its part, but not more than 10 % of non-paid sum".

ISКЕ SAТ COMPANY informed as follows:

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Herewith ISКЕ SAТ COMPANY informs on failure to comply with its obligations on coupon payment before March 15, 2009. We notify you on extension of the term of coupon payment up to April 20, 2009, thanks to expected financial injections from shareholders.

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