JPMorgan - KASE

For a discussion of indebtedness and the capitalization of Hurricane, HKM and HOP, see
“Capitalization”, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations — Liquidity and Capital Resources”, “Description of Certain Financing
Arrangements”, Notes 8, 9 and 10 to the unaudited consolidated financial statements included
herein and Notes 10, 11, 12 and 13 to the audited consolidated financial statements included
herein. For a discussion of material guaranteed indebtedness of Hurricane, HKM and HOP, see
“Description of Certain Financing Arrangements”. For a discussion of sources of liquidity to and
their uses by Hurricane, HKM and HOP, see “Management’s Discussion and Analysis of Financial
Condition and Results of Operations — Liquidity and Capital Resources”, “Description of Certain
Financing Arrangements”, Hurricane’s audited and unaudited consolidated statements of cash
flows included herein, Notes 8, 9 and 10 to the unaudited consolidated financial statements
included herein and Notes 10, 11, 12 and 13 to the audited consolidated financial statements
included herein
For a discussion of contingent liabilities of Hurricane, HKM and HOP, see “Business —
Environmental”, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations — Liquidity and Capital Resources” and “Description of Certain Financing
Arrangements”, Note 13 to the unaudited consolidated financial statements included herein and
Note 16 to the audited consolidated financial statements included herein.
General Listing Information
1 Application has been made to list the notes on the Luxembourg Stock Exchange. In
connection with the application to list the notes on the Luxembourg Stock Exchange, copies
of the articles of association of the issuer, and a legal notice relating to the issue of the
notes, will have been deposited prior to listing with the Chief Registrar of the District Court
of Luxembourg (Greffier en Chef du Tribunal d’Arrondissement de et à Luxembourg), where
such documents may be inspected and copies obtained upon request for so long as any of
the notes are outstanding.
2 The issuer was incorporated in the Netherlands on April 6, 2001, with its corporate seat at
Amsterdam, the Netherlands. The registered address is Schouwburgplein 30-34, 3012 CL
Rotterdam, the Netherlands. Other than the issuance of common shares to its parent, HKM,
the issuer has not issued any other securities and, except with regard to the notes, it is not
intended that the issuer will issue any additional securities. In addition, the issuer has not
engaged in any business activity and will be restricted by the terms of the indenture from
engaging in any business activity or undertaking any other activity other than certain
activities relating to the notes. See “Description of the Notes—Certain Covenants—Limitation
on Activities of Issuer and Valsera”.
3 So long as the notes are listed on the Luxembourg Stock Exchange and the rules of the
Luxembourg Stock Exchange shall so require, copies of the statutory documents of the issuer
and the guarantors, the indenture (including the terms of the guarantees) and the
intercompany loan will be available for inspection at the office of the paying agent in
Luxembourg. Hurricane prepares annual audited and quarterly unaudited financial
statements on a consolidated basis in accordance with Canadian GAAP. Hurricane does not
prepare financial statements on an unconsolidated basis, except that Hurricane prepares
annual unconsolidated financial statements for HOP which are prepared in accordance with
IAS and which are only made public in Kazakhstan. So long as the notes are listed on the
Luxembourg Stock Exchange and the rules of the Luxembourg Stock Exchange shall so
require, copies of audited annual consolidated and unaudited quarterly consolidated
financial statements of Hurricane will be available, and may be obtained free of charge,
during normal business hours on any business day (except Saturdays, Sundays and legal
holidays) at the office of the paying and transfer agent referred to in paragraph 8 below.
Hurricane prepares its financial statements in accordance with Canadian GAAP.
154