Mangistau Electricity Distribution Network Company (Kazakhstan) intends to sell its control state block of shares till the end of 2008

/KASE, November 5, 08/ - RESMI Finance & Investment House (Almaty), the financial consultant of Mangistau Electricity Distribution Network Company (Aktau), securities of which are traded in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the press release that with the purpose of development of the stock market of the Republic of Kazakhstan, Samruk Energo - the shareholder of Mangistau Electricity Distribution Network Company, has set the objective to sell the remaining 75% +1 share of Mangistau Electricity Distribution Network Company to potential investors. RESMI Finance & Investment House is the financial consultant. Joint Stock Company Mangistau Electricity Distribution Network Company (MEDNC) was established in 1996 on the basis of Mangyshlak Electricity Networks Enterprise (MENE - 1966). By Mangistau region Akim resolution # 223 of July 23, 2007 was approved "the Plan for Perspective development of Electricity Networks within MEDNC till 2015", including capital investments - KZT21 bn. and payment for the power system connected capacity - KZT42400 per 1 kW. We remind that previously RESMI Finance & Investment House offered the additional issue of MEDNC shares on the stock market in the current year - KZT775 m. (the current price of shares on KASE - KZT2500 per share). The successful offering of shares became possible due to the rating of MEDNC shares by Fitch Ratings, the sole in the Republic electricity distribution networks, i.e. the international long-term rating "ВВ+", the short-term "В" and the national "А+". For additional information, please contact: tatyana Kudryavtseva Head of Public Relations RESMI Finance & Investment House JSC Kazakhstan, 050040, Almaty, 110 E, Al-Farabi Str. Tel.: + 7 (727) 266 70 77, 266 71 77 (ext 262) Fax: + 7 (727) 266 74 00 tatyana.kudryavtseva@resmi.kz pr@resmi.kz [2008-11-05]