/KASE, July 17, 06/ - Aktyubinsk oil equipment plant JSC (Aktobe, hereinafter - the company), shares of which are traded in Kazakhstan stock exchange's (KASE) official "В" listing category, has furnished KASE with a copy of minutes of a special general meeting of its shareholders, which took place on May 11 of 2006.

Pursuant to furnished document the shareholders of the company have approved the decision of its Council of directors dated January 27, 2006 on conclusion of a big deal, concerning granting in favor of Kazkommertsbank JSC the full joint guarantee in obligations performance ensuring by juridical persons, as follows:

• InComTyre JSC - according to agreement on credit line opening dated February 24, 2005 #583 with limit at the rate of USD36.0 m. and the date of closing - August 24, 2006;
• Corporation Ordabasy JSC - according to agreement on credit line opening dated September 18, 2003 #386 with limit at the rate of USD14.0 m. and the date of closing - September 18, 2006;
• Asia Ceramics Ltd. - according to agreement on credit line opening dated December 29, 2010 #695 with a limit at the rate of USD23.8 m. and the date of closing - December 29, 2010.

Primary activity of the company is manufacturing of oil equipment, pumps, hydraulic systems, new high technology machinery, equipment and instruments for oil and gas, mining, construction and other sectors of economy and other activity not prohibited by legislation of the Republic of Kazakhstan.

[2006-07-17]