Development Bank of Kazakhstan JSC will increase authorized capital by KZT7.7 bn. and liabilities by KZT4.6 bn.

/KASE, February 17, 04/ - Development Bank of Kazakhstan JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange JSC (KASE), has presented KASE the copy of minutes about results of absentee voting of general meeting of its shareholders dated February 10 of 2004. In accordance with the agenda shareholders of Development Bank of Kazakhstan JSC made following decisions: - increase the bank's authorized capital by KZT7,665.0 m. by issuing anв floating 153,300 common shares at KZT50.0 th. for each (total number of announced shares will be 907,300 units); - include corresponding changes in the bank's charter; - for President - K. Shalgimbayev, to carry out necessary measures concerning state registration of announced shares issue and changes and additions in the charter; - confirm decision of the bank's Board of directors dated December 24 of 2003 about increasing of liabilities of Development Bank of Kazakhstan JSC in the year 2004 by KZT4,599.0 m. (borrowing of budget credit). Primary activities of the bank - rendering of banking services (except attracting of deposits and opening of accounts for physical and juridical entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, bank accounts for registering the bank's loans, other loans and funds of the republican and local budgets, in order to make payments and money transfers, which are provided by agreements, which have been made in compliance with investment projects and export operations, which are served by the bank). [2004-02-17]