Bank CenterCredit JSC (Kazakhstan) will not pay dividends for 2005

/KASE, June 14, 06/ - Bank CenterCredit JSC (Almaty, hereinafter - the bank), securities of which are traded in Kazakhstan stock exchange's (KASE) official "А" listing category, furnished KASE with a copy of minutes of annual general meeting of shareholders, which took place on May 26 of 2006. Pursuant to the agenda of meeting the shareholders of the bank have approved report of its Board on results of activity for 2005, consolidated financial statement of the bank for 2005, confirmed by auditing firm Deloitte & Touche, the Code of corporate management and the charter of the bank in a new edition, the method of fixing of value of shares of the bank on its redemption by bank, have elected returning board in number of 6 persons with the term of authorities - 3 years, and also have take decisions as follows: - not to pay dividends on common shares of the bank for 2005, profit received by bank for 2005 at the rate of KZT4.6 bn. to keep as retained income; - to pay remunerations at the rate of salary and individual extra charge to the salary to the members of Council of directors, whose main workplace is the bank; - to pay remunerations as allowance assistance or payment by results of a year to the members of Council of directors despite their main workplace; - to pay remuneration in a fixed rate to the member of Council of directors, taken part in face meeting per each participation in face meeting of Council; - to set maximum rate of remuneration for the members of Council of directors per one financial year, which should not exceed 5% of the rate of net income of the bank, fixed in compliance with voted budget for current financial year; - to approve the rate of remuneration paid to the members of Council of directors for the period since date of holding of general meeting of shareholders of the bank in May 2005 until the end of reporting year. [2006-06-14]