Board of directors of KazTransOil JSC (Kazakhstan) preliminarily confirmed results of activity and order of distributing the net income for year 2004

/KASE, July 13, 05/ - KazTransOil JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with a copy of the decision of the conference of its Board of directors dated June 21 of 2005. According to the document the company's Board of directors by absentee voting took following decisions. 1. Confirm preliminarily the company's financial statement for year 2004. 2. Recommend the company's only shareholder to confirm following order of distributing the net income amounting to KZT8,568.6 m., which was earned according to results of 2004: - dividend fund - KZT857.1 m. - keep the remaining sum of the net income amounting to KZT7.7 bn. in the company's possession - pay dividends for year 2004 in the amount of KZT26.04 calculated per company's one common share 3. Bring following questions to the examination of the company's only shareholder: confirmation of the company's financial statement for year 2004 confirmation of the order of distributing the company's net income for year 2004 taking of the decision about dividends payment on common shares and confirmation of the size of dividend following results of year 2004 calculated per one common share Company's primary activities: transportation of oil, oil products and water by pipelines and by sea and railway transport. [2005-07-13]