Board of directors of Ornek XXI JSC (Kazakhstan) confirmed parameters of the company's bond issue

/KASE, August 9, 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 7 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. "Confirm the following parameters of bond issue of Ornek XXI JSC; bonds type - coupon unsecured; 1. number of bonds - 40,000,000 (Forty million) unites for a total of 4,000,000,000 (Four billion) tenge; 2. face value - 100 (One hundred) tenge; 3. interest rate - floating relative to inflation rate; 4. circulation term - 5 (Five) years since circulation start date." 2. "Charge executive body of Ornek XXI JSC with preparation and confirmation of Specification of bond issue of Ornek XXI JSC and necessary documents in compliance with the requirements of Kazakhstan's legislation and confirmed parameters." 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. [2005-08-09]