UKTMC JSC (Kazakhstan) will pay KZT13.0 of dividends per share for the year 2003

/KASE, May 27, 04/ - UKTMC JSC (Ust-Kamenogorsk titanium-magnesium combine JSC, Ust-Kamenogorsk), whose shares are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has presented to KASE the copy of minutes of the annual general shareholders meeting, which was held on May 19 of 2004. In accordance with the accepted agenda shareholders of UKTMC JSC have approved company's annual financial statement for 2003, which was audited by Deloitte & Touche, and made following decisions. Distributed the net income of UKTMC JSC for the year 2003 amounting to KZT273,174 th. in the following way: spend KZT31,154 th. for dividends payment on shares, KZT242,020 th. - for company's production development fund. Confirm the size of dividend per 1 share following the results of 2003 amounting to KZT15.29. Income tax at the source of payment (15%) will equal to KZT2.29, size of dividend per 1 share to be paid - KZT13.0. Set July 15 of 2004 as the official data of dividends payment start. Make the list of shareholders, who have the right to receive dividends, as of July 14 of 2004. Approve appointment of Deloitte & Touche as the company's auditor for the year 2004. Elect K. Damitov - councilor of the President of UKTMC JSC for members of the company's Board of directors till May of 2005 (in accordance with retirement of B. Abdreyev from the Board of directors on his statement). Include changes in the charter of UKTMC JSC concerning the size of the authorized capital (KZT157,548.6 th.) and its structure (total number of shares - 2,037,557, including: common - 1,929,647, privileged - 107,910). Company's primary activities - production and sale of non-ferrous metals (high- quality titanium sponge, commercial magnesium). [2004-05-27]