ON MAY 16 OF 2005 PERIOD, IN WHICH COMPANIES HAD TO BRING CONSTITUENT DOCUMENTS IN CONFORMITY WITH THE LAW "ABOUT JOINT-STOCK COMAPNIES", EXPIRED

/KASE, May 31, 05/ - On May 16 of 2005 period, within which joint-stock companies founded before introduction of Kazakhstan law "About joint-stock companies" dated May 13 of 2003 (the Law), had to include necessary changes in their constituent documents, expired. Legislative consequences of breaking this requirement have been set by the article 90 of the Law. Kazakhstan stock exchange (KASE) notifies that as of May 31 of 2005 KASE has no information about re-registration of following listing companies in compliance with the above-mentioned requirement of the Law: - Ust-Kamenogorsk poultry farm OJSC (Ust-Kamenogorsk); - CLAscAS OJSC (Almaty); - Pavlodar petrochemical plant CJSC (Pavlodar); - Rakhat OJSC (Almaty); - Zerde OJSC (Almaty). According to information, which KASE has, Pavlodar petrochemical plant CJSC, Rakhat OJSC and Zerde OJSC took the decision about their re- registration and submitted corresponding applications to the regulatory institutions before the date set by the Law. In compliance with subparagraph 4) of paragraph 1 of the article 20 of Listing rules breaking of the acting legislation by a listing company is the basis for examining by exchange's Council the question about this company's securities de-listing. [2005-05-31]