Shareholders of Alliance Bank JSC (Kazakhstan) approved bond program for KZT40 bn, 2 issues within the program and changed dividend size per preferred share

/KASE, February 25, 05/ - Alliance Bank JSC (Almaty, the Bank), securities of which are circulating in official "A" listing category of Kazakhstan Stock Exchange (KASE), presented KASE a copy of minutes of general shareholders meeting that took place on February 22, 2005. In accordance with the agenda shareholders of bank enacted following decisions (quotes from minutes of shareholders meeting): 1. "To approve first bond program of Alliance Bank JSC for KZT40 bn". 2. To approve within bond program of Alliance Bank JSC: - mortgage bonds with following main parameters: issue volume - KZT1.0 bn, number of securities - 1,000,000 pieces, nominal volume of a bond - KZT1,000, circulation term - 3 years. - "bonds issue with following main parameters: volume KZT5 bn, number of securities - 5,000,000, face value - KZT1,000, circulation term - 3 years" 3. "Approve the plan of financial resources attraction for 2005 in amount KZT65 bn". 4. "Change the size of dividend per preferred share in the company" 5. "To initiate corresponding changes in the Charter of Alliance Bank JSC" 6. To approve the capitalization plan for 2005 - 2008 years. According to minutes the size of dividends per preferred shares is set to KZT1,000. [2005-02-25]