M. Abdrakhmanov re-elected as Chairman of Board of Directors in KazTransCom JSC (Kazakhstan)

/KASE, July 4, 08/ - KazTransCom JSC (Almaty, further - the Company), securities of which are traded on Kazakhstan Stock Exchange (KASE) in category "A", provided KASE with a copy of minutes of the session of the Board of Directors of the company of June 13, 2008. In accordance with the agenda the Board of Directors of the company made the following decisions: - re-elect M. Abdrakhmanov as Chairman of the Board of Directors beginning June 16, 2008 and to continue authorities of M. Martirosov as a director of the company - independent director; - to extend authorities of A. Erzhanov as Chairman of the Management Board of the company; - in regard of legal entities with 10 % or larger share the company determined issues decisions on which are to be made after preliminary approval of the Board of Directors: - approval of annual financial statements and distribution of net income of ERP-Service KazTransCom LLP, a 100 % subsidiary of the company; - approval of the auditor of ERP-Service KazTransCom LLP; - decision on re-organization or liquidation of ERP-Service KazTransCom LLP; - decision on mortgage of all property of ERP-Service "KazTransCom LLP; - to approve submission of application to National Innovation Fund JSC for financing of innovation project KazTransCom-Com.On. [2008-07-04]