Board of directors of Ornek XXI JSC (Kazakhstan) decided to offer 1.7 bn. shares at KZT1.0 per share

/KASE, July 21, 05/ - Ornek XXI JSC (Almaty, the company), whose common shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, has presented to KASE a copy of minutes of the conference of its Board of directors held on July 15 of 2005. In accordance with the agenda members of the Board of directors have taken following decisions (quotations from the minutes concerning the taken decisions are given below): 1. "Make offering of 1,700,000,000 (one billion and seven hundred million) announced shares of Ornek XXI JSC at 1 (one) tenge." 2. "Make offering in compliance with the acting legislation taking into account the priority right of purchasing by the only shareholder - AYU JSC." 3. "Charge the Executive committee with taking necessary measures on shares offering in compliance with the legislation and taken decision." Company's primary activities - trade-purchasing, intermediary activity; production and sale of potter's, majolica and ceramic household goods; production and sale of facing ceramic brick, ceramic and facing tile slab. [2005-07-21]