Shareholders of Development Bank of Kazakhstan JSC decide to increase authorized capital by KZT15.0 bn.

/KASE, February 1, 05/ - Development Bank of Kazakhstan JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has presented to KASE the copy of minutes of prescheduled general shareholders meeting, which was held on January 21 of 2005. In accordance with the approved agenda shareholders of Development Bank of Kazakhstan JSC have confirmed changes in bank's charter concerning increasing of the authorized capital and change of company's juridical address, and also have taken following decisions. - Increase company's authorized capital by KZT15.0 bn. by issuing and offering 300,000 common shares. Total number of announced common shares of Development Bank of Kazakhstan JSC will be 1,267,026 units. - Offer 300,000 shares at KZT50,000 per 1 share. - Charge President of Development Bank of Kazakhstan JSC K. Shalgimbayev with taking necessary measures on state registration of announced shares issue and on state registration of changes in company's charter in justice departments. - Draw attention of company's shareholders - domestic executive bodies on the necessity to present schedule of paying up of shares of Development Bank of Kazakhstan JSC before April 1 of 2005 to Development Bank of Kazakhstan JSC and to the Ministry of industry and trade of Kazakhstan. 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). [2005-02-01]