Development Bank of Kazakhstan JSC informed on signing of the Memorandums of Understanding with Sumitomo Mitsui Banking Corporation and Bank of Tokyo Mitsubishi UFJ (Japan)

/KASE, May 30, 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 of the following content: Quotation start During the visit of the government delegation of the Republic of Kazakhstan to Japan within the 9th meeting of Kazakhstan-Japanese Cooperation Committee (May 19-20, 2008, Tokyo), Development Bank of Kazakhstan implemented meetings with Japanese partners and signed Memorandums of Understanding with Sumitomo Mitsui Banking Corporation and Bank of Tokyo Mitsubishi UFJ. These documents stipulate for development and extension of bilateral business cooperation with the Japanese party in the following areas: - Joint implementation of investment projects - Structural funding of development projects in Kazakhstan and other countries - Syndicated loans on the international markets - International trading funding, including organization of structural trading funding deals - Participation in mutual employees training programs - Counseling and research activities Reference: DBK was established in 2001. Enters into the composition of the government holding Fund of Sustainable Development Kazyna, created for improvement of development institutions corporate management system. DBK issues loans to fund mid- and long-term investment projects in the industrial infrastructure of non raw materials economy branches. Quotation end [2008-05-30]