BANK CASPIAN JSC (Kazakhstan) to pay KZT21.0 of dividends per 1 privileged share for the year 2003

/KASE, May 20, 04/ - BANK CASPIAN JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has provided KASE with the copy of minutes of the annual general shareholders meeting, which was held on April 20 of 2004. In accordance with the accepted agenda, shareholders approved bank's financial statement for 2003 taking into account conclusions (reports) of inspector and auditor, including consolidated one, conclusion (report) of the inspector about results of bank's financial and economic activity in 2003 and size of interest for the inspector, norms of bank's net income distribution for 2004, and made following decisions. Pay dividends on privileged shares summarizing the results of 2003 at the rate of KZT21.0 per 1 privileged share. Set May 3 of 2004 as the date of dividends payment on privileged shares summarizing the results of 2003. Not to pay dividends on common shares summarizing the results of 2003. Pay dividends on privileged shares: to juridical persons - by cashless transfer of dividends to the current accounts of juridical persons, to physical persons - by transferring dividends to their personal accounts in BANK CASPIAN JSC for receiving cash, to physical and juridical persons in presence of necessary application - by cashless transfer of dividends to accounts given in the applications. Charge the bank's Managing board with publishing of the financial statement of BANK CASPIAN JSC for 2003 and information about dividends payment on privileged shares and non-payment of dividends on common shares in the newspapers "Kazakhstanskaya pravda" and "Yegemen Kazakhstan". Include changes and additions in the bank's charter, coordinate them with Kazakhstan agency for regulation and supervision of financial market and financial organizations and register in the order set by the legislation. Appoint Ernst & Young Kazakhstan as company's auditor for the year 2004. Charge the Board of directors with determination of the size of interest for Ernst & Young Kazakhstan, the Managing board - with signing of the agreement with Ernst & Young Kazakhstan for conducting of audit. Appoint NAC Centeraudit Kazakhstan LLP as the bank's auditor for 2004 for conducting of intermediary audit. Charge the Bank's Board of directors with determination of the size of interest for NAC Centeraudit Kazakhstan LLP, the Managing board - with signing of the agreement with NAC Centeraudit Kazakhstan LLP for conducting of audit. Elect L. Tsoy as the inspector of BANK CASPIAN JSC with 2-year term of authorities. Make the 4th bonds issue of BANK CASPIAN JSC with following parameters: issue volume - KZT7.0 bn., total number of bonds - 350,000 units, circulation terms - 7 years, interest rate - floating. Charge the Board of directors and the Managing board of BANK CASPIAN JSC in the person of Chairman - I. Kim with taking measures concerning state registration of the 4th bonds issue of the bank. [2004-05-20]