Freedom Holding Corp. — Director's Dealing 2005

Aug 23, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BMB MUNAI INC (BMBM)
CIK: 0000924805
Period of Report: 2005-05-24

Reporting Person: Credifinance Capital Corp. (Report Pres is Issuer Dir)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-24	Common	X	210040	$2.15	Acquired	210040	Direct
2005-05-24	Common	X	69030	$2.5	Acquired	279070	Direct
2005-06-06	Common	X	22588	$2.5	Acquired	301658	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-24	Warrant	$2.15	X	210040	Disposed	2005-05-26	Common (210040)	Direct
2005-05-24	Warrant	$2.5	X	69030	Disposed	2005-05-26	Common (69030)	Direct
2005-06-06	Warrant	$2.5	X	22588	Disposed	2005-06-12	Common (22588)	Direct

Footnotes

F1: Agent warrants issued to reporting owner for financing November 2003.