Astana-finance OJSC (Kazakhstan) plans to acquire an status of the largest participant of Tsesnabank OJSC and attract a loan in the amount of $20m

/KASE, Jan 08, 02/ - Astana-finance OJSC (Astana) provided the Kazakhstan Stock Exchange (KASE) with a copy of the minutes of General shareholders meeting held on November 08, 2001. Based on approved agenda the shareholders of Astana-finance OJSC decided: - In case of receiving of the National Bank of the Republic of Kazakhstan approval acquire a status of the largest participant of Tsesnabank OJSC; - Establish a deal on attracting by Astana-finance OJSC a bank loan for financing a project "City Palace" on following conditions: amount of the loan is not more than $20m, term of lending - not less than 10 years, interest rate on loan - not more than 12% APR. Besides, the shareholders dismissed the Board of directors ahead of time and elected a new one consisting of 8 people: Listropadnyi G.I. (Chairman), Mesheryakov N.I., Sukhotin A.V., Uskenbaev K.A., Krutikhovskii I.G., Yakovleva T.I., Islamov K.K., Dautpaeva K.M. Now, following securities of Astana-finance OJSC are traded under category "A" of offficila list of KASE: - common shares (KZ1C37670011, trade code - ASFI); - coupon bonds (KZ2CUY02A356, trade code - ASFIb1, $100, $10m, Jul 02,01 - Jul 02,03, semiannual coupon 9.0% APR). Primary activities of the company - certain banking services, investments, financing economic and social projects of Astana, as well as other activities in accordance with the Charter and available licenses.