Shareholders of BTA Bank JSC (Kazakhstan) made decision about increasing the amount of mentioned authorized capital by issuing of 100,000 preferred convertible shares

/IRBIS, Natalya Vaguina, May 23, 08/ - BTA Bank JSC (Almaty, further - the bank), securities of which are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list, provided KASE with the copy of protocol of extra general meeting of shareholders dated May 14, 2008. According to the provided document shareholders of the bank accepted the following decisions: - to take into consideration the information on adequate capital; - to increase the amount of mentioned authorized capital of the bank by issuing of preferred convertible shares in amount of 100,000 copies. To set the following structure of authorized capital: total amount of common shares - 8,370,625 copies (98.8% of mentioned capital), total amount of preferred convertible shares - 100,000 copies, with fixed amount of dividend in 11% APR from balance value of shares according to last quarter financial statement before the date of dividends payment, set by Bank's Board of directors. (1.2% of mentioned capital); - to realize issue offering by following the priority right of share purchase; - to approve the rights of repurchase of offering shares of the bank; - to approve amends and changes in the bank's charter. [2008-05-23]