Results of special General meeting of Kazakhtelecom shareholders (Kazakhstan)

/KASE, Aug 06, 01/ - Kazakhtelecom (Astana) submitted to KASE the copy of minutes of special General meeting of shareholders which took place on May 28, 2001. According to the approved agenda Kazakhtelecom shareholders did the following: - ahead of schedule terminated power of previous group and elected the new group of Board which consists of 7 persons: Alshinbaev A.M., Bektasov A.A., Zhusupova N.A., Nalibaev A.Z., Orazalinov D.S., Subhanberdin N.S., Utepov E.K.; - elected Nurshaev M.A., Zhumataeva T.N., for group of Auditing commission; - Amended the Status for subsidiary of Kazakhtelecom - Telecom Complect Direction; - acknowledged the Status for subsidiary of Kazakhtelecom - Telecom Complect Direction as the invalid one. Besides shareholders approved amendments for the Charter in accordance with decree #290 of Kazakhstani Government - "Measures for effective management and control over operation of some joint stock ventures and SNC (national companies)" dated Feb. 28, 2001. These amendments concern power reinforcement of Board of directors (staff and central personnel formation, setting the budget of venture and allocation of expenditure monetary means for central personnel and sponsorship and etc.). determination of terms for annual financial audit (not more than 90 days since the end of financial year). As of amendments the venture is also obliged to confirm credit rating by one of credit rating agent according to the list, approved by Finance ministry of Kazakhstan. The agenda question concerning "Credit repayment to KFW-bank for the equipment which now is on the balance of Mangistaumunaigas OJSC and Kaskor-Telecom OJSC" was postponed till the next meeting of shareholders.