Shareholders of Development Bank of Kazakhstan JSC decide to increase authorized capital by KZT2.99 bn.

/KASE, August 4, 04/ - Development Bank of Kazakhstan JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has provided KASE with the copy of minutes of prescheduled general shareholders meeting, which was held on July 15 of 2004. In accordance with the agenda shareholders of Development Bank of Kazakhstan JSC confirmed changes in the company's charter concerning the number of announced shares and made following decisions. - Increase authorized capital of Development Bank of Kazakhstan JSC by KZT2,986.3 m. by issuing and floating 59,726 common shares. Total number of the bank's announced common shares will be 967,026 units. - Float 59,726 shares at the price of KZT50,000 per 1 share. - Charge the president of Development Bank of Kazakhstan JSC with taking necessary measures concerning the state registration of the announced shares issue. Company's primary activities - 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). [2004-08-04]