Mortgage organization Kazakhstan Mortgage Company announces KZT985.1 mln recapitalization as part of Affordable housing – 2020 program

/KASE, January 9, 14/ – Mortgage organization Kazakhstan Mortgage Company (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote Mortgage organization Kazakhstan Mortgage Company (hereinafter – the Company) announces recapitalization of the Company to the tune of KZT985,100,000.00 provided by the country's budget of December 10, 2013. These funds have a purpose and were disbursed for developing the line "Rented housing to buy out" under Program "Affordable housing – 2020", where the Company acts a s the main operator. We remind you that Program "Affordable housing – 2020" was approved by resolution No. 821 of Kazakhstan government on June 21, 2012 in pursuance of the Message of the President of Kazakhstan to Kazakhstan people dated January 27, 2012 "Social and economic modernization – main vector of Kazakhstan's development". unquote [2014-01-09]