DANABANK JSC (Kazakhstan) not to declare dividends for 2003

/KASE, May 21, 04/ - DANABANK JSC (Pavlodar) with common shares listed under "B" official category of KASE, presented a copy of minutes of annual general shareholders meeting that took place on May 8, 2004. Shareholder approved financial statements of the bank for 2003 and adopted a number of decisions that follow. Net income that by results of 2003 totaled KZT1,235.0 th will be used to cover losses of previous years. Dividends by results of 2003 are not declared. Shareholders also decided to increase the number of announced shares of DANABANK JSC by 1,000 pieces. Accordingly, the bank plans to announce the 7 th issue of 1,000,000 common shares with par value of KZT1,000 each for a total amount KZT1,0 bn. Shares are to be floated by open method among unlimited number of persons through subscription at floatation price of KZT1,000 per share to be paid in cash. For that purposes, shareholders of DANABANK JSC decided to forward the Prospectus of the 7 th issue of share for a state registration with Agency for supervision of financial market. Finally, owners appointed following persons as members of newly created internal audit service: Karshiganova K.K., Borisova T.P., Zhumartova D.D. [2004-05-21]