Bank TuranAlem JSC (Kazakhstan) informed KASE about appointment of new Chairman of the Board of directors

/KASE, May 20, 05/ - On May 20, 2005 Bank TuranAlem JSC (Almaty) informed Kazakhstan Stock Exchange (KASE) about the decision of the bank Board of Directors dated May 20, 2005: - Ualiyev Serik Nurbekovich has been relieved from Chairman of the Board of Directors position due to his leave; - Ablyazov Mukhtar Kabulovich appointed Chairman of the Board of directors of Bank TuranAlem JSS. Mukhtar Ablyazov state following: "Shareholders strongly believe that the Bank's strategy, positive results achieved during the previous years and Bank's strong performance and profitability are the proof of the high professionalism of BTA management and employees. BTA maintains a strong leadership in the CIS financial markets. And the key factor to the current success of BTA, first of all, is invaluable contribution of late Erzhan Tatishev, who left us due to his tragic death. His leadership and professionalism allowed BTA to become what it is now." Mukhtar Ablyazov was born on May 16, 1963 in Galkino village of Tolebi region, Southern Kazakhstan. He graduated from Moscow Engineering and Physics Institute (MEPHI). Career development of Mr Ablyazov: 1991-1996 - President of Astana-Holding JSC 1996-1997 - President of KEGOC (Kazakhstan Electricity Greed Operating Company) 1998-1999 - Minister of Industry, Economy and Trade till present - President of Eurasia Group [2005-05-20]