Changes in staff of Administration and Board of directors of Kazakhstan mortgage company JSC (Kazakhstan)

/KASE, August 16, 06/ - Kazakhstan Mortgage Company JSC (Almaty, further - company) which bonds are circulating in category "A" official list of securities of Kazakhstan stock exchange (KASE), had provided KASE with extraction from decision of meeting by default of its Board of directors, which had take place on August 7 2006. According to the provided information members of Board of directors had take next decisions: - to stop beforetime the authorities of member of Administration of company Alikulov Sapargaly Mambethanovich since August 7 2006; - for Chairman of Administration of company Ibadullayev A.A since August 7, 2006 to abrogate the individual labour convention with Alikulov S.M from February 16 2006; - to confirm the candidature;of Yermakhanov Nurlybek Amirbekovich to position of vice Chairman of Administartion of company and to choose him as a member of Administration; - for Chairman of Administartion of company Ibadullayev A.A to enclose the individual labour convention in order provided by legislation of Republic of Kazakhstan with Yermakhanov N.A since August 7 2006 to the period of two years. Company's primary activities - loan operations (providing with credits in money form on conditions of payment, urgency and return), factoring operations (acquiring the rights of payment demanding from the goods (works, services) purchaser with acceptance of risk of nonpayment). [2006-08-16]