Halyk Bank of Kazakhstan OJSC has spent KZT390.0 m. for dividends payment on privileged shares for 2002, increases authorized capital by KZT1.3 bn. and liabilities - by $450.0 m.

/KASE, June 2, 03/ - Halyk Bank of Kazakhstan OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "А" listing category, has presented KASE a copy of minutes of annual general shareholders meeting, which was held on April 29 of 2003. In accordance with the agenda shareholders of Halyk Bank of Kazakhstan OJSC approved financial statement, conclusion of auditing commission for 2002, changes in the bank's charter, Statute about dividend policy, instruction of shareholder of Halyk Bank of Kazakhstan OJSC, and also made the following decisions. Approve the following order of the bank's net income distribution by the results of 2002 (KZT2.6 bn.): - spend 15.4% of the net income for 2002 or KZT390.0 m. for dividends payment on privileged shares, that in correspondence of specifications of the 6th and the 7th issue equals to KZT15.75 per one privileged share on state registration date, which are indexed on coefficient of tenge devaluation/revaluation rate on actual payment date; - determine May 5 of 2003 as the date of dividends payment (date of registering shareholders, who have the right for receiving of dividends), pay dividends in the period since May 5 till May 30 of 2003; - spend 23.4% of the net income, that is KZT600.0 m., for replenishment of the reserve capital; - keep from distributing the remaining part of the net income (approximately KZT1.6 bn.) and register on balance account "Undistributed income of previous years"; - not to pay dividends on common shares by the results of 2002. Increase the bank's announced authorized capital by KZT1,310,088.9 th. by means of the 8th issue of common inscribed shares consisting of 13,100,889 units with the face value of KZT100 each. The bank's announced authorized capital including production increase will equal to KZT11.2 bn. with the following structure: number of announced common inscribed shares - 87,326,888 units, privileged inscribed without voting right - 24,742,000 units. Entrust the Board of directors and the bank's administrative executive committee with taking all necessary measures concerning preparation and issue and floatation of common inscribed shares of the 8th issue. Provide for a possibility of establishing contractual relationship between the bank and shareholders, who possess 5% and more of the bank's voting shares, in case they purchase voting shares of new issues while their floatation in the size, which exceeds 5% of before issued voting shares, to the amount of up to KZT1,310,088.9 th. (according to requirement of the art. 83 of Kazakhstan Law "About joint-stock companies" dated July 10 of 1998 - note of KASE). Approve a new limit of borrowings (increase of liabilities) of Halyk Bank of Kazakhstan OJSC at international markets of capital in the amount of USD450 m. (or the equivalent of the mentioned sum in another foreign currency) till January 1 of 2005. Determine availability of the new limit of borrowings since the moment of its approval by this shareholders meeting. Consider former limit of borrowings since this date (in the amount of USD400 m.), which was confirmed by the decision of generals shareholders meeting dated December 29 of 1999, as expired and stopped. Organize issue of global depositary receipts for the bank's common inscribed shares, which are in circulation. Elect among international auditors the company Ernst & Young as auditor of Halyk Bank of Kazakhstan OJSC, among Kazakhstan auditors - BDO Kazakhstanaudit LLP, Almir-consulting LLP and Eltal-uveman consulting LLP. Confirm a large deal, which was made between Halyk Bank of Kazakhstan OJSC and Firm "ALMEX" LLP, on floatation of shares of the 7th issue and large deal on giving a loan by Halyk Bank of Kazakhstan OJSC to FUTURE CAPITAL LLP. Confirm terms of the 3rd issue of subordinate bonds of Halyk Bank of Kazakhstan OJSC with the following structure: issue volume - KZT4.5 bn., number of bonds - 4,500,000,000 units, circulation term - 6 years, coupon rate - 9% APR. Confirm the staff of returning board of Halyk Bank of Kazakhstan OJSC, which was elected at the annual general shareholders meeting on March 27 of 2002, and set term of authorities for one year. [2003-06-02]