The first issue of shares of Kazakhstan-Russian JV Uranium enrichment center is registered in February 2007

/KASE, March 1, 07/ - NAC Kazatomprom JSC (Almaty), whose bonds are traded in Kazakhstan stock exchange's (KASE) official "А" listing category, today spread a message of the following content. Quotation start IN February of the current year the Federal service on financial markets registered the first issue of shares of Russian-Kazakhstan joint venture (JV) Uranium enrichment center (Angarsk, Russian Federation), established between NAC Kazatomprom JSC and Techsnabexport OJSC within the program of strategic cooperation of Russia and Kazakhstan in the sphere of nuclear fuel production. Shares between founders are distributed equally. The authorized capital of Uranium enrichment center CJSC is 43 m. Russian rubles. The authorized capital was divided into common nominal shares 43 th. items in number with face value of 1 th. rubles each. Let us remind that on October 12, 2006 a signing of constituent documents of three joint Russian-Kazakhstan enterprises in the sphere of peaceful usage of atomic energy took place in Moscow: - JV Akbastau (Reclamation of the field Yuzhnoye Zarechnoye on the territory of Kazakhstan and lands of uranium field Budenovskoye with the purpose of providing reactors of Russian design with fuel); - JV Uranium enrichment center (Implementation of isotope uranium enrichment); - JV Atomic stations (Development and advancement of the atomic reactor with power-generating units of the new type VBER-300 in markets of Russian, Kazakhstan and third countries. Currently, there is an objective of JV to jointly complete design estimates of the given reactor). Signed documents of three JVs determine the participation of Russian and Kazakh organizations in JV on a parity basis, with equal shares in the authorized capital. The establishment of afore-mentioned enterprises was provided by memorandums, signed by Technabexport OJSC, Atomstroyexport CJSC and NAC Kazatomprom JSC in the course of a working meeting of Ex-prime minister of the Republic of Kazakhstan D. Akhmetov and the head of Rosatom S. Kirienko on July 25, 2006, and was the first practical step in the implementation of primary tasks to integrate enterprises of nuclear and industrial complexes of Russia and Kazakhstan, determined by the President of the Russian Federation V. Putin and the President of the Republic of Kazakhstan N. Nazarbayev in the Joint statement about cooperation in the sphere of peaceful usage of the atomic energy dated January 25, 2006. Establishment of Russian-Kazakhstan Joint ventures is directed to implementation of the strategic program of Kazatomprom of setting up a vertically integrated atomic company. Kazatomprom is the national operator of Kazakhstan for export of uranium and other double-purpose materials. 100% of the company's shares belong to the state in the person of the Ministry of energy and mineral resources of the Republic of Kazakhstan. Kazatomprom represents a holding for managing six primary activity directions: geology survey, uranium extraction, metallurgy, power engineering, scientific maintenance of production and personnel retraining, as well as social provision. Currently, more than 20,000 people work in the company. By 2010 Kazatomprom plans to become the first uranium-mining company in the world, with the extraction level of more than 15,000 tons of uranium a year. Quotation end [2007-03-01]