UKTMC JSC (Kazakhstan) presented to KASE the extract from shareholders register complied as of December 31, 2004

/KASE, May 11, 05/ - Ust-Kamenogorsk titanium -magnesium combine JSC (UKTMC JSC, Ust-Kamenogorsk), whose shares are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has presented to KASE the extract from securities holders register complied as of December 31 of 2004. Company's register holder is Registration System of Securities JSC (Almaty). By the mentioned date total number of announced shares of UKTMC JSC was 2,050,290, of them 2,037,557 shares had been offered. Company's 107,910 preferred shares had been offered entirely. 12,733 announced common shares out of 1,942,380 ones were on company's issue account. By the mentioned date company had 4 holders of common and 2,971 holders of preferred shares. Following entities owned stake of 5% and more of total number of company's offered shares: ------------------------------------------------------------------------------ Number of shares, units Stake in Shareholder or ------------------------- authorized (paid) nominal holder KZ1C05500018 KZ1P05500114 capital, % ---------------------------------- ------------ ------------ ----------------- Physical person (Ust-Kamenogorsk, Kazakhstan) 97,120 5,452 5.03 Central securities depository CJSC (Almaty, Kazakhstan)* 418,906 46,647 22.85 Specialty Metals Company (Brussels, Belgium) 1,402,830 6,102 69.15 ------------------------------------------------------------------------------ * nominal holder [2005-05-11]