BANK CASPIAN OJSC (Kazakhstan) pays KZT21 dividends on privileged share for 2002

/KASE, May 22, 03/ - BANK CASPIAN OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "А" listing category, has presented KASE the copy of minutes of annual general shareholders meeting, which was held on April 30 of 2003. In accordance with the accepted agenda shareholders of BANK CASPIAN OJSC have approved consolidated financial statement and conclusion of auditor of BANK CASPIAN OJSC for 2002, entrusted the bank's Board to publish the bank's financial statement for 2002 in newspapers "Kazakhstanskaya pravda" and "Yegemen Kazakhstan" within the terms, which are regulated by the National Bank of Kazakhstan, approved changes and additions in the bank's charter, norms of net income distribution for 2003, and also made the following decisions. Distribute the bank's net income for 2002 in the amount of KZT621.0 m. and undistributed income of previous years in the amount of KZT9.6 m. in the following way: spend KZT228.4 m. for formation of provisions and imposing of deferred income on the demand of independent auditor, 177.7 - for deductions to the reserve capital, KZT224.8 m. - for deductions to the bank's funds. Not to pay dividends on common shares by the results of 2002. Pay dividends on privileged shares by the results of 2002 at the rate of KZT21.0 for 1 share (10% of share's face value). Determine May 7 of 2003 as the date for making of the list of shareholders, who have the right for receiving dividends and the date of dividends payment, - May 7 of 2003. Pay dividends on the bank's privileged shares in the following ways: - to shareholders - juridical entities - by means of cashless transfer of dividends sums to the current accounts of juridical entities; - to shareholders - physical persons - by means of charging sum of dividends on shareholders' personal accounts in order to receive by cash; - to shareholders physical and juridical persons in presence of corresponding applications - by means of cashless transfer of dividends sum by the mentioned in applications banking properties. Examine the question about increasing of the bank's authorized capital at the next shareholders meeting after floatation of all announced for issuing shares for the amount of KZT1,470.0 m. Confirm appointment of Ernst & Young (Almaty) from among of international auditors, and "NAC Centeraudit Kazakhstan" - from among of domestic auditors (Almaty) as auditors of BANK CASPIAN OJSC for 2003. Confirm appointment of Registyration system of securities CJSC (Almaty) as the bank's registrar for 2003. Besides, shareholders stopped authorities of the acting Board of directors of BANK CASPIAN OJSC and elected a new staff of the Board of directors consisting of seven persons: Yu. Tskhai, I. Kim, V. Kim, A. Rasulov, M. Urkumbaev, G. Tsoy, V. Kirillov. As regards the eighth item of the agenda, shareholders decided to remain terms of subordinate bonds issue of BANK CASPIAN OJSC in the edition, which had been approved by the general shareholders meeting dated September 26 of 2002. (The question about including of changes and into these terms of bonds issue was caused by remarks of the National Bank of Kazakhstan. On May 13 of 2003 the 2nd issue of the bank's bonds was registered by the National Bank of Kazakhstan - note of KASE). [2003-05-22]