Shareholders of KazTransCom JSC (Kazakhstan) confirmed the annual financial statement and procedure of net income distribution for year 2007 and changes in the Board of directors` staff

/IRBIS, Natalya Vaguina, June 24, 08/ - KazTransCom JSC (Almaty, further - the company), securities of which are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list, had provided KASE with the copy of protocol of annual general meeting of its shareholders, dated May 30, 2008. According to agenda of the meeting, company's shareholders accepted the following decisions: - to confirm annual financial statement of company for year 2007; - to determine the following procedure of company's net income distribution for 2007: - do not announce dividends on common shares of the company for 2007, do not distribute the sum of net income for 2007 and leave it at the disposal of the company, dividends` announcement and payment on preferred shares of the company conduct in compliance with demands of current legislation and company's charter; - to create fund in amount of 5% from company's net income by results of 2007 for stimulating company's top-management. - to consider the question on shareholders` applications of company's activity and its officials to be examined and closed and results of this consideration due to absence of these applications in 2007; - to determine the following procedure of providing information on company's activity: - to publish the information on company's activity in Kazakhstanskaya Pravda newspaper; - do not provide information that contains government's secrets and commercial classified information to mass media; - to determine form of providing information to company's shareholders on general shareholders` meeting and offering this information in mass media by means of publishing it in Kazakhstanskaya Pravda; - to approve amends and additions in company's charter and new edition; - to determine PriceWaterhouseCooper LLP as the auditor company to audit the company for 2008; - to prematurely terminate authorities of S. Ivanchenko, the member of company's Board of directors, to elect M. Abdrahmanov as a member of company's Board of directors with term of authority till September 11, 2011; - in case the court determines the fact, having legal effect, in particular: fact of absence of right of possession, accommodation and/or disposal of property on the law of property in the form of 202 company's common shares, to change the decision of extraordinary general meeting of shareholders, dated August 9, 2004 in the part of dividends payment of "Soyuz Invest" by common shares on dividends payment by means of transferring the sum in amount of KZT4,040.00 to notary's deposit; - to confirm amend and additions in corporate governance code of company and approve it in new edition. [2008-06-24]