/IRBIS, May 29, 05/ - The information presented below about Astana-finance OJSC (Astana) was taken from the conclusion of the Listing commission of the Kazakhstan Stock Exchange (KASE), which is made due to the transfer of the company's shares from official list of the KASE securities under category "B" into category "A". The management of Astana-finance OJSC is fully responsible for the reliability of the information presented by the Listing commission of the KASE. Information is published by IRBIS as it may the attentions of potential investors.

GENERAL INFORMATION

Date of state registration - April 30, 1998. Legal status - open joint stock company. Ownership - private. Activities - some banking activities, including financing, project financing, investing, legal, consulting, agent, information and training services. Legal and actual address - 54, Begeldinov St., Astana, 473000, Kazakhstan.

HISTORY

The company was established on December 18, 1997 as Fond ekonomicheskogo i sotsialnogo razvitya spetsyalnoi ekonomicheskoi zony Astana (Fund for economic and social development of Astana special economic zone, hereafter - SEZ) by the decision of the Administrative council of SEZ. On April 30, 1998 it was registered as Fond Akmola CJSC, which was founded solely by the Administrative council of SEZ.

From the creation till January 1, 2001 (abolishment date of Astana SEZ) Astana-finance OJSC had been a financial operator of Administrative council of SEZ and managed the funds of the SEZ allocated to financing economic and social development of the city and entrepreneurship support. Also, the company rendered assistance to the Administrative council of SEZ on issuing municipal bonds in 1999 and mortgage financing of housing in 1999- 2000.

LICENSES

Astana-finance OJSC has the license #25 of the National Bank of Kazakhstan, issued on February 3, 2000 to conduct banking transactions in tenge and foreign currency, including lending activities - granting credits in monetary terms, as well as other operations set in banking legislature, including leasing and factoring.

In 2001 Astana-finance OJSC plans to get necessary licenses to conduct guarantee, trust, pawning, transfer and exchange transactions with foreign currency.