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Freedom Holding Corp. Director's Dealing 2006

May 15, 2006

30574_dirs_2006-05-15_87439c0f-539c-46ed-a2b2-b56e969e4b49.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: BMB MUNAI INC (BMBM)
CIK: 0000924805
Period of Report: 2006-03-31

Reporting Person: KUNAYEV MIRGALI (no longer 10% owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-07-14 Common S 285137 $4.75 Disposed 1500560 Direct
2005-11-02 Common S 160000 $6.93 Disposed 1340560 Direct
2005-12-16 Common S 160693 $6.24 Disposed 1179867 Direct
2006-03-22 Common S 421986 $8.76 Disposed 757881 Indirect