Current Ratings

Analyst	Company name	BB Code	Date of change	Rating	Target price	Currency
Stanislav Chuyev	Alhambra Resources	ALH CN	09/08/2010	BUY	0.83	CAD
Stanislav Chuyev	Central Asia Resources	CVR AU	09/08/2010	HOLD	0.04	AUD
Stanislav Chuyev	Kentor Gold	KGL AU	09/08/2010	SELL	0.12	AUD
Stanislav Chuyev	Kryso Resources	KYS LN	09/08/2010	BUY	25.14	GBp
Stanislav Chuyev	Oxus Gold	OXS LN	09/08/2010	BUY	8.84	GBp
Dominic Lewenz	BMB Munai	KAZ US	08/27/2010	SELL	0.35	USD
Leila Kulbayeva	Kazakhmys	KAZ LN	08/26/2010	BUY	1,450.00	GBp
Stanislav Chuyev	SouthGobi Resources	SGQ CN	08/24/2010	BUY	13.74	CAD
Stanislav Chuyev	Ivanhoe Mines	IVN CN	08/24/2010	SELL	13.84	CAD
Stanislav Chuyev	ENRC	ENRC LN	08/23/2010	SELL	771.00	GBp
Dominic Lewenz	KazMunaiGas E&P	RDGZ KZ	08/20/2010	BUY	27,159.00	KZT
Dominic Lewenz	KazMunaiGas E&P	KMG LI	08/20/2010	BUY	30.12	USD
Aigerim Zholdasbayeva	Caspian Services	CSSV US	08/13/2010	HOLD	0.35	USD
Jason Hurwitz	Kazkommertsbank	KKGB KZ	08/10/2010	SELL	380.00	KZT
Jason Hurwitz	Kazkommertsbank	KKB LI	08/10/2010	SELL	5.17	USD
Jason Hurwitz	Halyk Bank	HSBK KZ	08/10/2010	BUY	429.00	KZT
Jason Hurwitz	Halyk Bank	HSBK LI	08/10/2010	BUY	11.65	USD
Jason Hurwitz	Bank CenterCredit	CCBN KZ	08/10/2010	BUY	998.00	KZT
Stanislav Chuyev	Uranium One	UUU CN	08/09/2010	BUY	4.00	CAD
Aigerim Zholdasbayeva	Steppe Cement	STCM LN	07/23/2010	BUY	60.00	GBp
Renat Syzdykov	VTB	VTBR LI	07/21/2010	SELL	4.19	USD
Renat Syzdykov	VTB	VTBR RM	07/21/2010	SELL	0.06	RUB
Zhanar Nazkhanova	Max Petroleum	MXP LN	07/19/2010	BUY	20.00	GBp
Aigerim Zholdasbayeva	Chagala Group	CHGG LI	07/13/2010	BUY	3.90	USD
Leila Kulbayeva	Polyus Gold	PLZL RU	07/08/2010	BUY	57.17	RUB
Leila Kulbayeva	KazakhGold	KZG LI	07/08/2010	BUY	6.98	USD
Renat Syzdykov	Sberbank	SBER03 RM	07/08/2010	BUY	107.00	RUB
Jason Hurwitz	BTA Bank	BTAS KZ	07/01/2010	SELL	3.00	KZT
Aigerim Zholdasbayeva	Kazakhstan Kagazy	KAG LI	06/16/2010	SELL	0.03	USD
Aigerim Zholdasbayeva	Kazakhtelecom	KZTK KZ	05/25/2010	BUY	23,222.00	KZT
Aigerim Zholdasbayeva	Kazakhtelecom	KZTA GR	05/25/2010	BUY	6.60	EUR
Jason Hurwitz	Temirbank	TEBN KZ	05/24/2010	SELL	4.26	KZT
Leila Kulbayeva	Hambledon Mining	HMB LN	05/13/2010	BUY	10.87	GBp
Zhanar Nazkhanova	Jupiter Energy	JPR AU	05/07/2010	BUY	0.06	AUD
Leila Kulbayeva	Centerra Gold	CG CN	04/30/2010	SELL	9.65	CAD
Jason Hurwitz	Alliance Bank**	ASBN KZ	04/28/2010	NOT RATED	3,376.00	KZT
Jason Hurwitz