NEFTEBANK OJSC (Kazakhstan) to sell 36.7% of unplaced shares

/KASE, September 20, 04/ - NEFTEBANK OJSC (Aktau), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), has presented KASE with results of the annual general shareholders meeting held on July 3, 2004. According to results of the meeting, shareholders approved new members of accounting commission (current and two next years), report of financial activity for 2003, income and loss statements for 2003 and 2004, new Chapter of the bank and following decisions: - to order the Board of Directors to select on competitive basis auditor organizations from following list: KPMG Janat, Deloitte & Touche, Ernst & Young Kazakhstan, PricewaterhouseCoopers; - to reach an agreement with International Financial Corporation (IFC) for sale of 20% of shares reserved for IFC obligations to a third party investor under assumption that after approval of seventh emission of shares, the bank will issue new emission whose part would be reserved for provision of IFC; to call general meeting after agreement of IFC; - to approved decision of the Board of Director dated May 10, 2004 on sale of "Aquapark" property; [2004-09-20]