Board of Directors of SAT & Company (Kazakhstan) decides to offer 75,000,000 common shares KZ1C54620014 (KZ1C00000553, SATC) in unorganized market at KZT71.00 per share

/KASE, November 18, 11/ - JSC SAT & Company (Almaty), whose securities are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote JSC "SAT & Company" (hereinafter - the Company)... announces that its Board of Directors on November 17, 2011 took a decision on offering common shares within the number of authorized shares of the Company in the unorganized stock market. Data on shares on offer: - Number and type of shares on offer: 75,000,000 (seventy five million) common shares; - Common shares are included in the first category of the official list of Kazakhstan Stock Exchange (KASE), - Ratio of the number of shares offered (minus those bought back by the Company) to the number of securities on offer: 1,199,465,719 (one billion one hundred million four hundred sixty five thousand seven hundred and nineteen) outstanding common shares / 75,000,000 (seventy five million) common shares on offer, or 16; - Terms of purchase of the Company's common shares on offer: on equal terms with other shareholders holding common shares, pro rata to the number of common shares held by a shareholder, at the offering price set by the Board of Directors; - The offering price set by the Company's Board of Directors: KZT71 (seventy one) per share; The list of shareholders enjoying the preemptive right to preferred purchase of shares on offer was composed by the Company's registrar based on data of the system of registers of the company securities holders as of November 17, 2011. The term during which the Company's shareholders can submit a request for shares purchase according to the preemptive right makes up 30 days after the day of publishing this offer in mass media. Each shareholder of the Company may purchase common shares on the above terms by way of making a written request to the location of the Company's executive body: 241 Mukanov str., Almaty. Legal Department Contact phones: 2-777-111 (ext. 271, 272). Corporate secretary - Svetlana Tyufiakova. unquote [2011-11-18]