Freedom Holding Corp. — Director's Dealing 2006

Mar 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BMB MUNAI INC (BMBM)
CIK: 0000924805
Period of Report: 2006-03-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common	X	20833	$4.00	Acquired	411185	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-05	Warrant	$4.00	X	20833	Disposed	2006-03-19	Common (20833)	Direct

Footnotes

F1: Exercise of Agent's Warrants