Sole shareholder of Kazakhstan Development Bank JSC confirmed changes in staff of bank's Board of directors and investment priorities for 2008 - 2010

/IRBIS, Raushan Tundybayeva, June 25, 08/ - Kazakhstan Development Bank JSC (Astana, hereinafter - the bank), securities of which are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list, provided KASE with extract from the minutes of Board's meeting of Fund of sustainable development Kazyna (Astana), which is the sole shareholder of the bank, dated May 23, 2008. According to provided document sole shareholder of the bank accepted the next decisions: - to prematurely terminate the authorities of K. Bishimbaev and V. Suprun, the members of bank's Board of directors, elect K. Aytekenov and K. Salimbaeva in the staff of Board of directors; - to confirm additions in regulation on reward and compensation payment, on evaluation of activity efficiency and bonus payments to independent directors of subsidiary organizations of Fund of sustainable development Kazyna; - to approve investment priorities and stake of the bank in loan portfolio for 2008 - 2010 in the following order: - priority spheres: metallurgy, chemistry, oil chemistry, infrastructure and energy; - the stake in bank's loan portfolio: 2008 - 55%, 2009 - 65%, 2010 - 75%. [2008-06-25]