UKTMC OJSC (Kazakhstan) has presented KASE the extract from shareholders register as of February 17 of 2003

/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]