Board of directors of LOGYCOM JSC (Kazakhstan) elects its new President

/IRBIS, Valeriya Grishenko, March 25, 09/ - LOGYCOM JSC (Almaty, hereinafter - the company), securities of which are listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the copy of minutes of its Board of directors` meeting, dated March 10, 2009. According to the provided document, Board of directors of the company made the following decisions: - to stop the authorities of V. Makhovik as the President of the company; - to relieve S. Shvalov from office of Chairman of the Board beginning March 10, 2009. To appoint S. Shvalov as a President of the company for 2-year-term beginning March 11, 2009; - to call the extraordinary general shareholders` meeting with the following agenda: "Premature termination of authorities and election of new members of Board of directors of LOGYCOM JSC; - to elect Ch. Rakhmetov as a Chairman of the Board of directors. [2009-03-25]