Board of Directors of Development Bank of Kazakhstan JSC approved the financing of 10 new projects with the total cost of more than USD800 m.

/KASE, May 19, 08/ - Development Bank of Kazakhstan JSC (Astana), securities of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press release, where informs on the following: Quotation start On May 14, 2008, the Board of Directors of Development Bank of Kazakhstan held the meeting by the deicion of which were approved to financing 10 investment projects, including 3 "breakthrough" projects: - organization of the textile production in the free economic zone Ontustik of South Kazakhstan Region; - modernization of the Taraz plant on ferroalloy production; - further scaling up of trade seaport of Aktau City. As well as approved projects: - construction of the cement plant in Almaty Region (with production of clinker on the territory of Kyrgyzstan); - construction of the first plant on recycling of transport tires in Astana; - construction of the first transportation and logistics center in Western KAzakhstan, Aktobe City; - modernization of the heat station in Ridder town in East Kazakhstan Region; - and projects intending refinancing of loans in commercial banks of Kazakhstan. The total cost of approved for financing projects will make up USD800 m. Reference: Development Bank of Kazakhstan (DBK) was established in 2001. The bank enters into the National Holding Fund of Sustainable Development Kazyna JSC, established for improvement of the development institutions corporate management system. DBK issues loans for implementation of mid- and long-term projects in the production inftrstructure and non-raw materials branches of the economy. Quotation end [2008-05-19]