Bank TuranAlem OJSC (Kazakhstan) plans to attract through syndicated loans and bonds issue up to $450.0m

/KASE, Feb 05, 02/ - Bank TuranAlem OJSC (Almaty) presented to Kazakhstan stock exchange (KASE) a copy from the protocol of General meeting of shareholders which took place on January 25,2002. In compliance with adopted day agenda of the meeting, shareholders of Bank TuranAlem OJSC made changes and additions to the Charter connected with an introduction of a procedure of correspondence voting of the Board of Directors and also approved: Statement on the Board of directors, a change of allocation of convertible privileged shares among investors, adopted at shareholders meeting on June 17,2001 and new priorities of operating and financing policies accepted in Agreement on Subscription. Along with this, following decisions have been made during this meeting. To elect a new composition of the Board of directors accounting 9 people, which included: Sarkytbaev M.K., Tatishev E.N., Mazhibaev K., Aksambiev T., Ualiev S.N., Abzhanov D.K., Kononenko O.A., Arthur Ileav, Nick Tesseyman. To attract syndicated loans in the year 2002: - In the first quarter - for the amount of USD150m for the period up to two years from western financial institutions; - In the third quarter - for the amount of USD30-50m for the period up to two years from financial institutions of Persian gulf countries. To place in international financial markets commercial securities for the amount up to USD100m for the period up to one year in III-IV quarters of 2002. To realize an issue of inscribed subordinated bonds indexed at a change of exchange rate of tenge to dollar in the amount of 250,000 units with par value of 15,000 tenge for the amount of 3.75bn tenge with circulation term of 8 years and semiannual coupon at 9% APR. To realize issues of inscribed coupon eurobonds: - In the amount of 250,000 units for USD25.0m with circulation term of 8 years and semiannual coupon of 9% APR; - In the amount of 1,000,000 units for USD100.0m with circulation term of 5 years and semiannual coupon of 10% APR; Today at KASE following securities of Bank TuranAlem OJSC are traded under category "A": - From September 09,1999 - common inscribed shares (trade code - BTAS); - From February 19, 2001 - coupon-subordinated bonds of the first issue (KZ2CUY08A320, trade code - BTASb1, $100; $20m; Feb 19,01 - Feb 19,09; semiannual coupon at 12.0% APR). - From July 19,2001 - euronotes (XS0131688227, trade code - BTASe1, $100; Jun 28,01 - Jun 28,04; semiannual coupon at 11.5% APR), which were issued by subsidiary of Bank TuranAlem OJSC - - TuranAlem Finance B.V. (Rotterdam, Netherlands) under 100% guarantee of the bank.