Rakhat OJSC (Kazakhstan) provided KASE an excerpt of shareholders register as of March 31, 2005

/KASE, May 4, 05/ - Rakhat OJSC (Almaty), whose shares and bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, presented KASE a snapshot of the shareholders register compiled as of March 31, 2005. The company's shareholders register is maintained by Register securities system JSC (Almaty). According to the register announced chartered capital of Rakhat OJSC as mentioned date totaled KZT1,200,000,000, paid-in capital totaled KZT900,000,000, total number of announced and placed common shares with KZT250 par value was 3,600,000 pieces. Number of shareholders totaled 1,394. Following entities owned the stakes, exceeding 5% of total number of outstanding shares: --------------------------------------------------------------------------- Shareholder or nominal Number of Stake in issued holder, location shares, units authorized capital, % ------------------------------------- ------------- --------------------- Central Securities Depository JSC (Almaty, Kazakhstan)* 1,467,825 40.77 TARGET INDUSTRIAL HOLDINGS LLC (Oklahoma city, USA) 696,000 19.33 Private investor (Almaty, Kazakhstan) 434,170 12.06 Private investor (Almaty, Kazakhstan) 406,472 11.29 --------------------------------------------------------------------------- * - nominal holder [2005-05-04]