Only shareholder of Development Bank of Kazakhstan JSC approves credit bank's bid for KZT26 bn.

/IRBIS, Ekaterina Tatarova, May 6, 08/ - Development Bank of Kazakhstan JSC (Astana, hereinafter - the bank), securities of which are traded in the Kazakhstan Stock Exchange (KASE) of category "A" official list, provided to KASE with the extract from the meeting protocol of the Board of Fund of Sustainable Development Kazyna JSC (Astana), the only shareholder of the bank, held on April 14, 2008. According to the provided document the bank's only shareholder made the following decisions: - to take provided information into consideration; - to approve the bank's credit bid on the following terms: - the amount of loan - KZT26 bn; - the term of loan - 7 years; - the interest rate - 7%; - the main debt payment - lump sum at the end of loan term; - the interest payment - by half year payments; - the aims of crediting - providing credit activity of the bank, excluding crediting of export operations; - to submit the indicated question for approval of the Board of Directors of Fund of Sustainable Development Kazyna JSC. [2008-05-06]