GLOTUR JSC (Kazakhstan) about its participation in foundation of two join-stock companies

/KASE, November 16, 05/ - GLOTUR JSC (Almaty), whose shares and bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has informed KASE about its participation in foundation of two join-stock companies. One of them is Glotur Invest JSC (Almaty), which has passed initial state registration on March 2 of 2005. Its authorized capital is KZT50.0 m., market share of GLOTUR JSC - 100%. Share issue of Glotur Invest JSC was registered by Kazakhstan Agency for financial market and financial organizations regulation and supervision (FSA) on August 11 of 2005 under А5295 number. As of October 18 of 2005 all shares had been offered and paid. The other company - Joint-stock investment fund of risk investment Glotur Technology Fund JSC (Almaty) - passed initial state registration on October 22 of 2005. Its authorized capital is KZT2,693.8 m. Market share of GLOTUR JSC - 51%. The other participant, whose market share is 49%, is National innovation fund JSC. Authorized capital of Joint-stock investment fund of risk investment Glotur Technology Fund JSC will be paid before November 22 of 2005. FSA has not registered share issue yet. [2005-11-16]