Kazakhstan Kagazy JSC (Kazakhstan) is not to allocate net income of 2005

/KASE, September 15, 06/ - Kazakhstan Kagazy JSC (Almaty oblast, Karasaysk region, Abay village, the company), bonds of which are circulated through Kazakhstan stock exchange's (KASE) official "А" listing category, has presented KASE a copy of decision of its sole shareholder - Kagazy Invest LLP (Almaty) dated August 7, 2006. Pursuant to the presented document, company's sole shareholder approved its financial statements for 2005, and also took following decisions: - In accordance with the decision, which was taken on company's annual general shareholders' meeting on December 29, 2001 (not to distribute the net income and not to pay dividends on company's shares until the repayment of a loan, borrowed from Development Bank of Kazakhstan JSC), not to distribute company's net income, not to pay dividends; - To confirm BDO Kazakhstanaudit LLP the auditing organization, which will conduct audit of company's financial statements for 2006. Company's major activity is the manufacture of paper output. [2006-09-15]