Board of Directors of JSC LOGIKOM (Kazakhstan) decided to conclude a major deal with DO JSC VTB Bank (Kazakhstan)

/IRBIS, November 24, 2010/ - JSC "LOGIKOM" (Almaty, hereinafter - the Company), whose securities are included in the official list of Kazakhstan Stock Exchange (KASE), provided KASE with a copy of the meeting of the Board of Directors on November 17, 2010. According to the document the Board of Directors took the following decisions: - conclude with SO JSC VTB Bank (Kazakhstan), a big deal to increase the previously open line of credit in the form of bank loans, guarantees, letters of credit to the sum of KZT2,138,025,000.0; - give consent to the accession LLP El Cu Trade as a co-borrower to a credit line from assuming full responsibility for the joint LLP El Sea Trade, in the event of default or improper performance LLP El Sea Trade of any of its obligations to the UP JSC VTB Bank (Kazakhstan) on the line of credit; - provide bail pending JSC VTB Bank (Kazakhstan) as security for the proper performance of the company and/or LLP El Cu Trade of any of its obligations under the credit line in the form of bank loans, guarantees, letters of credit amounting to KZT2,138,025,000.0 ; - additionally provide bail pending JSC VTB Bank (Kazakhstan) as security for the proper performance of the company and/or LLP El Cu Trade "commitments under the credit line - money coming in the future, contracted by the company, in any currency on the equivalent not less than KZT13,000,000.0. [2010-11-24]