/IRBIS, Feb 02, 01/ - Astana-finance OJSC (Astana) in accordance with listing requirements, presented Kazakhstan stock exchange with minutes of the extraordinary General shareholders meeting, which was held on October 05-07, 2000.

According to the agenda of the meeting shareholder approved following decisions:

• decrease of announced authorized capital from KZT5.00 bln to the amount of issued authorized capital - KZT3.10 bln (in view to decrease allocations from net income on formation of reserve capital and execution of NBK requirements on formation of authorized capital for obtaining of the guaranty operations license);
• put corresponding changes to the company's regulations;
• approval of Regulation on inspection commission of the Astana-finance;
• approval of Arthur Andersen as an auditor;
• conclusion of a contract on complete installation between Astana-finance OJSC and KRUGER ERDBAU GMBH over the City-Palace project for an amount of $24.75 mln (without taxes and custom duties);
• Board of the Astana-finance should create expert group on examination of design project and final amount of contract price as well as on examination of pledge or banking guarantee granted to KRUGER ERDBAU GMBH;
• conduction of examination of the project and evaluation of a final contract price, as well as examination of pledge or banking guarantee granted to KRUGER ERDBAU GMBH; submission of documents on approval of the Board of Astan-finance;
• raise external funds for City-Palace project for an amount of not less than $28.50 mln; sum should be attracted on interest free basis, 20 year period and 7 year preferential terms.

As of Jan.01, 2001 the register of shareholders stated that authorized paid- up capital of the company amounted to KZT1,808,319 th. The holder of 41.38% stake is Administrative Council of Astana-city Special Economic Zone (Astana, Kazakhstan); Saya LLP - 28.14% (Astana, Kazakhstan), Zhana-Arai LLP - 13.21% (Astana, Kazakhstan), Energoremservice LLP (Astana, Kazakhstan) - 10.76%, other shareholders - 6.48%.

Primary activities of the company - certain banking services, investment, financing of economic and social projects for the development of special economic zone of Astana, as well as other activities specified in the Charter and existing licenses.

Ordinary inscribed shares (KZ1C37671418, trade code - ASFI) of Astana- finance OJSC were entered into official list of the KASE securities under the category "B" on January 17, 2000.