/KASE, February 20, 03/ - Ust-Kamenogorsk titanium -magnesium combine OJSC (UKTMC OJSC, Ust-Kamenogorsk), whose shares are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has presented KASE the extract from securities holders register as of February 17 of 2003. The company's register holder is Registration system of securities CJSC (Almaty).

Announced authorized capital of UKTMC OJSC as of February 17 of 2003 was KZT21,582,000.00, and had been entirely paid.

According to the extract total number of holders of the company's common shares (KZ1C05502017) is 5, privileged (KZ1P05502012) - 3,629. The following persons possessed the stake, which exceeded 5% of the company's authorized capital by the mentioned date:

-------------------------------------------------------------------------------
                                      Number of shares, units
                                    -------------------------          Stake in
Shareholder or                                                authorized (paid)
nominal holder                      KZ1C05502017 KZ1P05502012        capital, %
----------------------------------- ------------ ------------ -----------------
Central depository of securities
CJSC (Almaty, Kazakhstan)*                43,164       35,375              7.28
RSE ITC (Almaty, Kazakhstan)*            167,260            -             15.50
Specialty Metals Company
(Brussels, Belgium)                      701,415        8,266             65.77
-------------------------------------------------------------------------------

* nominal holder

[2003-02-20]