Shareholders of Atyraumunaigasgeologiya JSC (Kazakhstan) decided not to pay dividends for 2004 and approved decisions of the company's Board of directors

/KASE, June 30, 05/ - Atyraumunaigasgeologiya JSC (Atyrau, hereinafter - company), whose bonds are circulating in the official "B" listing category of Kazakhstan Stock Exchange (KASE), provided KASE with copy of the minutes of annual general meeting of its shareholders, which was held on May 30, 2005. According to the agenda of the meeting shareholders approved report of executive body about company's activity for 2004, conclusion of auditor on results of annual inspection of company's financial economic activity and company's annual financial statement for 2004, approved execution of deals, in which there is interest, and also accepted the following decisions: dividends on company's common shares for 2004 not to pay, net income of 2004 to send for development of company's production to approve decision of the Board of directors about participation of company in activity of Ural-Caspian hydro-technical company LLP through transmission of stake in authorized capital of Ural-Caspian hydro-technical company LLP to Kursai 7 LLP (the company is sole participant of named partnership, which fulfills sea and river transportations, executes dredge - KASE notes) and company's part of assets to payment of authorized capital of Ural-Caspian hydro-technical company LLP Besides, company's shareholders approved decisions of the company's Board of directors regarding: being a guarantor in execution of obligations of Ural-Caspian hydro- technical company LLP on agreement of loan for the amount USD350.0 th., concluded with Bank CenterCredit for purchase of suction dredge about participation in activity of production cooperative Kyzyl Balyk (PC Kyzyl Balyk) as participant of readjustment of named cooperative, execution of obligations of readjustment participant according to plan of its rehabilitation and acquiring of participant rights of economic partnership in the amount of invested funds due to cessation of production on matter about bankruptcy of PC Kyzyl Balyk in the result of achieving goal of readjustment about exclusion of Mukatanova B.B. from internal audit service due to her release and election of Ibrasheva A. as a member of internal audit service Company's primary activity is assembling and dismantling of drilling and oil and gas industry equipment; drilling of oil and gas wells; underground and major repairs of oil and gas wells; designing of oil and gas wells building; testing and development of wells and other. [2005-06-30]