Council of directors of Tsesnabank JSC (Kazakhstan) has taken decision on offering of KZ1P33820914 issue shares by way of realization of the right of preferred purchase by shareholders

/KASE, June 1, 06/ - Tsesnabank JSC (Astana), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) official "А" listing category, has notified KASE by official letter that on May 30 of 2006 the Council of directors of the bank had taken decision on offering of preferred shares of KZ1P33820914 issue by way of realization of the right of preferred purchase by shareholders due to terms as follows: - quantity of being offered preferred shares - 1,000,000; - ratio of quantity of offered preferred shares (deducting redeemed by bank) to quantity of being offered preferred shares - 1/0.7405; - the price of offering of one share makes KZT1,000.00. The term within which the shareholders of bank can submit bid for acquiring of shares due to the right of preferred purchase, totals 30 days from the date of publication of actual offer in mass media. The shareholders can obtain specified shares to the address:525 office, 29, Pobeda Av., Astana, Derbes Securities JSC. The shareholders of Tsesnabank JSC can obtain shares on equal terms proportionally to the quantity of shares they have. At that, shareholders, having preferred shares, are entitled for the right of preferred purchase of preferred shares. After realization of the right of preferred purchase by shareholders of Tsesnabank JSC, shares will be offered among unlimited circle of investors. The issue of shares of bank was registered by Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations (AFS) on February 10 of 2006 and divided into 7,500,000 common shares of KZ1C33820016 issue and 2,500,000 preferred shares of KZ1P33820914 issue. The issue was inserted into state register of securities under А3382 number. [2006-06-01]