Results of general meeting of shareholders of Development Bank of Kazakhstan CJSC (Kazakhstan)

/KASE, December 25, 02/ - Development Bank of Kazakhstan CJSC (Astana), which's bonds are circulating under stock exchange's official "А" listing category, presented KASE a copy of minutes of the prescheduled general shareholders meeting, which had been held on December 5 of 2002. In accordance with the approved agenda shareholders of Development Bank of Kazakhstan CJSC have decided: - to elect Yerzhan Utembayev (Deputy Head of Administration of the President of Kazakhstan) as a member of the Board of directors of Development Bank of Kazakhstan CJSC; - to remove Iskander Beisembetov from the Board of directors of Development Bank of Kazakhstan CJSC; - to take into account information about results of floatation of eurobonds of Development Bank of Kazakhstan CJSC of the first issue for USD100.0 m on the program EMTN; - recommend shareholoders of Development Bank of Kazakhstan CJSC (Government of Kazakhstan and domestic executive bodies of Pavlodar and Zhambyl oblasts) to take all measures on fulfilling of liabilities of domestic executive bodies of Pavlodar and Zhambyl oblasts on formation of the authorized capital of Development Bank of Kazakhstan CJSC till the end of 2002. Primary activity - rendering of banking services (excluding attracting of deposits and opening of banking accounts for physical and juridical persons, excluding opening and maintaining of account of conditional deposit, reserve accounts in accordance with agreements on loans, which are guaranteed by the state, and also on investment projects servicing, which are financed at the expense of republican and local budgets). [2002-12-25]