Alliance Bank JSC (Kazakhstan) to issue bonds for KZT3.0 bn

/KASE, September 2, 04/ - Alliance Bank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has provided KASE with the minutes about results of absentee voting at the prescheduled general shareholders meeting, vote calculation on which was made August 31 of 2004. In accordance with the presented document, shareholders by the majority vote took following decisions. - Issue coupon subordinate bonds of the bank for KZT3.0 bn (circulation term is 7 years; interest rate - 8.5% APR for the first coupon period, since the second coupon period - floating depending on inflation rate and is reexamined every 6 months; periodicity of interest payment - two times a year). - Elect K. Ashlyayev as a member of the Board of directors of Alliance Bank JSC. [2004-09-02]