Capital of Development Bank of Kazakhstan JSC in 2005 will be increased by KZT15.0 bn.

/KASE, April 7, 04/ - Development Bank of Kazakhstan JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has presented KASE the copy of minutes of the annual general shareholders meeting, which was held on March 24 of 2004. In accordance with the agenda shareholders approved the annual financial statement of Development Bank of Kazakhstan JSC for 2003 confirmed by Ernst & Young. Besides, Chairman of the Board of directors of Development Bank of Kazakhstan JSC informed shareholders that the country's head had made the decision about further capitalization of the bank in 2005 by KZT10.0 bn. from the republican budget and by KZT5.0 bn. from local budgets. Primary activity - rendering of banking services (except attracting of deposits and opening of accounts for physical and juridical entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, bank accounts for registering the bank's loans, other loans and funds of the republican and local budgets, in order to make payments and money transfers, which are provided by agreements, which have been made in compliance with investment projects and export operations served by the bank). [2004-04-07]