Fund of stable development Kazyna JSC has become the only shareholder of Bank of Development of Kazakhstan JSC (Kazakhstan)

/KASE, July 21, 06/ - Bank of development of Kazakhstan JSC (Astana, hereinafter - The bank), whose bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, informed KASE that on July 11, 2006 the law of Republic of Kazakhstan "About introduction of additions and changes into several legal statements on questions of progressing in managing of economy sector " (hereinafter - the law), providing intrusion of changes and additions, including into the law of Republic of Kazakhstan "About Bank of Development of Kazakhstan". Introduced changes provided that the Bank is a joint stock company, the only shareholder of which had become national managing company. According to the Bank, after putting the law in practice and carrying out needed procedures on transfer of shares of the Bank by Government of Republic of Kazakhstan and local executive bodies, its single shareholder will be Fund of stable development Kazyna JSC. [2006-07-21]