Shareholders of DANABANK JSC (Kazakhstan) have elected the Board of directors and have taken decision not to pay dividends for 2005

/KASE, June 6, 06/ - DAABANK JSC (Pavlodar, hereinafter - the bank), securities of which are circulating in Kazakhstan stock exchange's (KASE) official "В" listing category, has furnished KASE with a copy of minutes of annual general meeting of shareholders, which took place on May 20 of 2006. According to presented minutes shareholders of the bank have supplemented agenda of the meeting with questions, demanding for immediate decisions, approved annual financial statements for year 2005, the Code of corporate management, new edition of the bank's Charter and resolution of Board of Directors, appointed as an auditor of the bank Delloitte & Touche and also took the following decisions: - to direct net income of the bank for total of KZT4.7 m., calculated by the results of year 2005, at reducing of losses of previous years; - not to add on dividends on common shares and not to approve the dividend size according to year results counting on one share of the bank; - to approve rules purchase of its offered shares by the bank and methodology of shares cost determining at shares purchase by the bank; - to elect Board of Directors of the bank in quantity of 5 persons as follows: the Chairman of Board of Directors - S. Makenov, members of Board of Directors - N. Nurakinov, G. Haybuldaev (independent director), L. Zabeyvorotina (independent director), N. Hismetdinova (independent director); - to approve service of domestic audit as follows: the Chairman - B. Bigasheva, members - AS. Nurseitova and K. Sirgebaeva; - to determine the following form of the bank's shareholders notification about calling of general shareholders meeting - by means of messages allocation in newspapers "Azamat.kz" or "Start from Monday", to accomplish publication of financial statements of the bank in mentioned newspapers. [2006-06-06]