Changes in composition of the Board of Directors of Company on foreing insurance Kazakhinstrakh (Kazakhstan) JSC

/KASE, March 14, 05/ - Company on foreign insurance Kazakhinstrakh (Almaty, the Company) with shares traded under official "A" listing category of Kazakhstan Stock Exchange JSC (KASE), presented KASE a copy of general shareholders meeting that took place on February 28, 2005. In accordance with the agenda of the meeting beginning from March 1, 2005 (in except for Chairman of the Board of Directors), approved the annual remuneration of the Chairman of the Board of Directors, and accepted following decisions: - Appoint Medeusheyeva D.T. member of the Board of Directors of Kazakhinstrakh JSC - To terminate the powers of Usenov T.K. member of the Board of Directors of Kazakhinstrakh JSC from February 1, 2005 - Approve the board of Directors of Kazakhinstrakh JSC as consisting of following members Arstabekova Kamilliya Valeriyevna Gapparov Rafael Abdullayevich Medeusheva Dolores Tairovna Moldakhmetov Nurlan Salkenovich Syrgabekova Asiya Narymanovna The company conducts insurance business. [2005-03-14]