Kcell Board of Directors approves Agreement on Cooperation and Service Agreement with TeliaSonera AB

/KASE, February 2, 15/ – Kcell JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote ... Board of Directors has approved the Relationship Agreement and Services Agreement to be entered between Kcell and TeliaSonera AB (TS). The agreements are designed to regulate the provision of certain corporate services by TS to Kcell, so that Kcell will benefit from TS's strategic guidance whilst maintaining corporate independence. The agreements establish protocols related to management processes, sharing of information and rendering services to Kcell by TS, an indirect major shareholder through holdings interests in Sonera Holding B.V. and Fintur Holdings B.V. The agreements acknowledge that whilst the views of TS as a major shareholder may be taken into account, Kcell operates and makes decisions through its Board, Chief Executive Officer and other operational bodies, for the benefit of all shareholders and independently of TS at all times. In addition, Kcell and TS confirm that agreements and transactions with any member of the TS Group, if deemed necessary for Kcell by the management, shall be undertaken on arm’s length terms and on a normal commercial basis. Enquiries: Kcell Investor Relations Irina Shol tel. +7 727 2582755, ext. 1205 Investor_relations@kcell.kz Media Natalya Eskova Tel. +7 727 2582755, ext. 1902 Pressa@kcell.kz International Media Instinctif Partners tel. +44 207 457 2020 Leonid Fink, Galyna Kulachek, Tony Friend, Kay Larsen unquote [2015-02-02]