Bank CenterCredit JSC (Kazakhstan) offers its shareholders to exchange bank's common shares to privileged, converted in common

/KASE, July 22, 05/ - Bank CenterCredit JSC (Almaty), whose shares and bonds are traded in Kazakhstan stock exchange (KASE) official "A" listing category, according to bank's charter informs about exchange of placed common shares KZ1C36280010 to privileged shares KZ1P36280116, converted in common shares, in total number 5,000,000 items. One common share is to be changed to one privileged share, converted in common. Shareholders, who have intention to exchange common shares to privileged shares, converted in common, should send written application according to location of bank's executive body, with number of shares, offered for exchange. Period for submission of applications of shareholders - holders of common shares is ten calendar days, starting from thirty-first day after publication of the present announcement. The next day after completion of period for submission of applications bank makes list of shareholders, who have sent applications for exchange. In case, if number of common shares announced for exchange by shareholders does not exceed definite number of shares to be exchanged, all common shares announced for exchange by shareholders will be changed. If number of common shares announced for exchange by shareholders exceeds definite number of shares to be changed, common placed shares will be changed in proportion to number of announced shares for exchange of each shareholder to number of shares, announced for exchange. Exchange will be done on the basis of agreements concluded with shareholders and orders to bank's register - Center Dar JSC or nominal holder to write off/charge securities. If you have and questions please ask Bank CenterCredit JSC on the address: Almaty, 100 Shevchenko str., tel. 8 (3272) 598556, 598550. [2005-07-22]