Shareholders of Alliance Bank JSC (Kazakhstan) decided to increase liabilities

/KASE, September 30, 05/ - Alliance Bank JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange (KASE) official "A" listing category, has presented KASE the copy of the minutes of prescheduled general shareholders meeting, which was held on September 28, 2005. According to submitted document the bank's shareholders approved Charter, Regulation about the Board of directors, Regulation about chairman of the Board of directors, Corporate management code and methods to determine cost of shares in their purchase by Alliance Bank JSC, and also accepted the following decisions (hereinafter quotations from the above meeting's minutes are given): 1. " to increase liabilities of Alliance Bank JSC for the amount more than twenty five percents from the amount of shareholders equity of Alliance Bank JSC in the following ways: a)to increase liabilities of Alliance Bank JSC for the amount 6,200,000,000.00 (Six billion two hundred million) Russian rubles, which is more than twenty five percents from the amount of shareholders equity of Alliance Bank JSC, providing guarantee for Alliance Finance (Russian Federation, Moscow); b)to increase liabilities of Alliance Bank JSC for the amount 200,000,000 (two hundred million) US dollars, attracting syndicating loans and issueing Eurobonds at international capital markets". 2. "to keep the same numeric staff of the Board of directors in 5 (five) people". [2005-09-30]