JSC Astana Finance plans to increase its share capital to KZT 35 - 50 bln (USD 275 – 390 million) during the course of 2007

The increase in share capital will take place by means of an additional issuance of shares among existing shareholders, subsequent to approval of the shareholders’ meeting which will take place in the nearest future. The City of intends to retain its blocking shareholder, at least 25% plus one share, stake in the Company.

The shareholders’ meeting of Astana Finance JSC was held on September 30, 2006

The shareholders authorized the early termination of powers of the member of the Astana Finance JSC’s Board of Directors: Mrs. Askarova Aygul Ermagambetova; and elected Mr. Tusupbekov Amirzhan Nuryshevich (Director of Financial Department of Astana City) as a new member of the Astana Finance JSC’s Board of Directors.

updated 09.12.2008

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