Astana Finance JSC plans to buy 50,65 % stake in UlarUmit Pension Fund and 100 % stake in the company managing the Fund’s assets - Zhetysu Pension Asset Management Company

If Astana Finance is among the shareholders of UlarUmit, it plans to focus on strengthening the financial situation of the Fund by making additional capital injections to the Fund’s equity capital, thus, keeping its leading positions in Kazakhstan market and being among three leaders in the pension market.

Astana Finance JSC plans to buy 50,65 % stake in UlarUmit Pension Fund and 100 % stake in the company managing the Fund’s assets - Zhetysu Pension Asset Management Company

If Astana Finance is among the shareholders of UlarUmit, it plans to focus on strengthening the financial situation of the Fund by making additional capital injections to the Fund’s equity capital, thus, keeping its leading positions in Kazakhstan market and being among three leaders in the pension market.

Astana Finance JSC plans to buy 50,65 % stake in UlarUmit Pension Fund and 100 % stake in the company managing the Fund’s assets - Zhetysu Pension Asset Management Company

If Astana Finance is among the shareholders of UlarUmit, it plans to focus on strengthening the financial situation of the Fund by making additional capital injections to the Fund’s equity capital, thus, keeping its leading positions in Kazakhstan market and being among three leaders in the pension market.

Large shareholders of Ular Umit Pension fund JSC – which are the Terminal LLP and The Company VneshInvest LLP, and also the sole shareholder of the Zhetysu - MMA Holding LLP claim that the information of Kazkommertzbank published at the Kazakhstan Stock Exchange website was untrustworthy

Large shareholders of Ular Umit Pension fund JSC – which are the Terminal LLP and The Company VneshInvest LLP, and also the sole shareholder of the Zhetysu - MMA Holding LLP; they claim that the information in the press-release of Kazkommertzbank was untrustworthy. The untrustworthy information is that, as a non-controlling shareholder of the Fund and the company managing the Fund’s assets – Zhetysu Pension Asset Management Company (the Company), the Bank was unable to influence decisions made by the Fund and the Company.

Large shareholders of Ular Umit Pension fund JSC – which are the Terminal LLP and The Company VneshInvest LLP, and also the sole shareholder of the Zhetysu - MMA Holding LLP; they claim that the information in the press-release of Kazkommertzbank was untrustworthy

Large shareholders of Ular Umit Pension fund JSC – which are the Terminal LLP and The Company VneshInvest LLP, and also the sole shareholder of the Zhetysu - MMA Holding LLP; they claim that the information in the press-release of Kazkommertzbank was untrustworthy. The untrustworthy information is that, as a non-controlling shareholder of the Fund and the company managing the Fund’s assets – Zhetysu Pension Asset Management Company (the Company), the Bank was unable to influence decisions made by the Fund and the Company.

updated 13.03.2009

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