Doszhan Temir Zholy (DTZ) (Kazakhstan) announces changes in Board of Directors

/KASE, March 13, 14/ – Doszhan Temir Zholy (DTZ) (Almaty, hereinafter – the Company), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote On March 11 the Company received a letter from major shareholder of the Company, Investment Fund of Kazakhstan, regarding convening the Company's Board of Directors, according to which authorities of the Chairman of Board of Directors E. Kenzhebekov cease. In accordance with item 4 article 55 of Kazakhstan's Act "On Joint-Stock Companies" authorities of E. Kenzhebekov were ceased. Based on the above, we inform you of the current composition of the Board of Directors of Doszhan Temir Zholy (DTZ): 1. Arman Arenov – member of Board of Directors; 2. Aleksei Abdrakhmanov – member of Board of Directors; 3. Bekzat Karashev – member of Board of Directors; 4. Nikolai Muraviev – member of Board of Directors (independent director); 5. Abzal Amirkhanov – member of Board of Directors (independent director). At the same time, we inform you that in accordance with item 5 article 28 of the Company charter, the number of members of the Company's Board of Directors consists of at least six persons. The Company's Board of Directors may not take decisions within its authority until electing a new member at the general meeting of shareholders. The approximate date of conducting the general meeting of the Company's shareholders with regard to appointment of the new member of Company's Board of Directors is end of April 2014. unquote [2014-03-13]