Board of Directors of Capital Hotels JCS (Kazakhstan) decided to place 550 million ordinary shares and 250.0 million preferred shares via subscription

/IRBIS, December 27, 2011/ - Capital Hotels JCS (Almaty, hereinafter - Company), whose stocks are officially listed at KASE, has provided KASE with the copy of minutes of the meeting of the Board of Directors from December 21, 2011. According to the presented document, the Board of Directors has decided the following: - to place the common shares in an amount of 555 million pieces. Set the price of accommodation 8 tenge per share for a total of 4.44 billion tenge; - to determine the method of placement of common shares of the company - through subscription; - to place the preferred shares in the amount of 250 million pieces. To set the price of accommodation 8 tenge per preferred shares totaling 2 billion tenge; - to set the method for placement of preferred shares - through subscription. - to bring information to shareholders about the placement of the securities of the company and offers to purchase securities placed under the right of first refusal on the corporate website, in national newspapers, "Kazakhstan Pravda" and "Egemen Kazakhstan". [2011-12-27]