Shareholders of JSC Ust-Kamenogorsk Poultry Plant (Kazakhstan) decided to apply to the JSC KazAgroFinance to obtain additional financing for the implementation of investment projects

/IRBIS, September 14, 2010/ - JSC Ust-Kamenogorsk Poultry Farm (East Kazakhstan region, Hereinafter - the Company), whose securities are included in the official list of Kazakhstan Stock Exchange (KASE), provided to KASE the copy of the minutes of extraordinary general meeting of shareholders on August 31, 2010. According to documents submitted shareholders of the company took the following decisions: - contact the JSC KazAgroFinance to obtain additional financing for the investment project Expansion of the existing poultry farms and 20,000 tones of meat a year, and the complementary agreement on the financing of the investment project worth KZT2,799,627,128 and obtain additional financing in the JSC KazAgroFinance such as grants and leases in the amount of KZT2,521,868,904, including: - loan of up to KZT592,815,500 for the construction of new and reconstruction of existing poultry houses, the sources of the National Fund of the Republic of Kazakhstan; - loan of up to KZT947,905,633 to refinance the current loan debt in Halyk Savings Bank of Kazakhstan, including KZT947,905,633 from the sources of the National Fund of the Republic of Kazakhstan; - leasing for equipment poultry farm in the amount of KZT1,154,291,495, including KZT981,147,771 from the sources of the National Fund of the Republic of Kazakhstan, and KZT173,143,724 per own funds. - approve the amount of co-financing investment projects, worth KZT2,799,627,128 from the company to KZT277,758,224, that is 15% of the total cost of equipment and construction works; - provide a guarantee of JSC KazAgroFinance as a guaranty of the obligations of land. [2010-09-14]