Kant OJSC (Kazakhstan) plans to register bonds emission program for KZT 10.0 bn and offer first issue discount bonds for KZT1.0 bn

/KASE, May 5, 04/ - Kant OJSC (Taraz) presented KASE with copy of its general extraordinary shareholders meeting that took place on April 28, 2004. Shares of the company are currently being traded at KASE under A listing category. According to approved agenda of the meeting shareholders cancelled authority of Poklonov V.V., a former member of the Board of Directors, and elected new member, Gavrilov A.A. The meeting also approved following: Set 3-year authority term of office for the Board of Directors. Accept decision to issue discount bonds. Register bonds emission program for KZT10.0 bn and execute first issue bonds with following parameters: Emission volume - KZT1.0 bn, face value - KZT100.0, circulation term - 1 year. Appeal to NURBANK OJSC for prolongation of credit line in amount of $8.6 m according to the agreement dated June 26, 2002 #2/02-01 for two years (till May 16, 2006) without termination of credit conditions. Appoint KPMG Janat as an auditor of the KANT OJSC. Principal activities: the Company manufactures and markets goods, performs subcontracts and services to third-party enterprises and private clients. [2004-05-05]