/KASE, December 27, 04/ - Today KOSTANAY MINERALS JSC (Kostanay obl.), whose bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has spread pres-release saying about the planned calling of the company's rescheduled shareholders meeting in accordance with confirmation of a new Board of directors. Date of meeting holding is not shown in the message.

The press-release says several members of the company's Board of directors have submitted statements about resignation since January 1 of 2005, however they will fulfill their duties until meeting holding excluding Chairman of the Board of directors Y. Tatishev, who resigned on December 20 of this year. T. Turumbayev has been elected the acting Chairman of the Board of directors of KOSTANAY MINERALS JSC.

New representatives of the main shareholder from among top-managers of Russian investment company "Aton" and several independent directors will be included in the Board of directors. At present there is following planned staff of the Board of directors of KOSTANAY MINERALS JSC: A. Gavrikov, A. Kandel, A. Prokhorov, K. Zhusupov, Y. Seisembayev. At the forthcoming shareholders meeting vice-president of "Aton" Albert Gavrikov will be elected for the post of the Chairman of the Board of directors.

The message also says "Aton" company intends to increase its stake of participation in controlling KOSTANAY MINERALS JSC, however it will not be reflected in the current strategy and stability of the company's activity.

[2004-12-27]