A. Sembyn was elected as President and member of Council of Board of directors of Bank of Development of Kazakhstan JSC (Kazakhstan)

/KASE, July 17, 06/ - Bank of Development of Kazakhstan JSC (Astana, hereinafter - the bank), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, has provided KASE with the copy of minutes of prescheduled general shareholders meeting, which took place on June 15, 2006. In compliance with agenda of the meeting, shareholders of the bank took following decisions: - To elect Askar Sembyn as President and member of Council of Board of directors of the bank; - To prepare and send information about number of the bank's shares, paid by shareholders - by local executive bodies of regions and cities almaty and Astana to Fund of stable development Kazyna JSC. Primary activities of the bank - rendering of banking services (besides deposits borrowing and opening of bank's accounts by physical and juridical entities, excepting the opening and carrying of the specific accounts of conditional investing, reserve accounts in compliance with agreements on loans, underwritten by the state, bank's accounts for enrolment of bank's borrowings, other borrowings and funds of republican and local budgets for the purpose of payment accomplishing and money transfer, provided by agreements, made in compliance with investments projects and export operations. serviced by the bank). [2006-07-17]