OREANDA-NEWS. On June 03, 2008 The law firm Chadbourne & Parke (Almaty), representing interests of Subsidiary of Bank TuranAlem joint-stock company – TuranAlem Securities JSC (Almaty, in the headline - TuranAlem Securities), provided to Kazakhstan Stock Exchange (KASE) the copy of decision of the Specialized Financial Court (SFC) of Almaty City of May 30, 2008, reported the press-centre of KASE.

According to the mentioned decision for purposes of securing a claim of TuranAlem Securities to Ust-Kamenogorsk Titanium Magnesium Plant JSC (UTMK JSC, Ust-Kamenogorsk) Almaty City SFC prohibited until the court delivers the judgement at the suit:

- to Registratorskaya sistema tsennykh bumag JSC and Central Securities Depository JSC register transactions in UTMK JSC shares connected with the increase of the announced shares number;

- to Department of Justice of East-Kazakhstan Region register changes into the UTMK JSC charter;

- to bodies, officials, attorneys and representatives of UTMK JSC implement any actions related to fulfillment of shareholders special general meeting decisions of April 16, 2008.

We remind that on April 16, 2008, at the special general meeting UTMK JSC shareholders decided to:

- increase the number of announced company's common shares up to 5 827 140 units; implement the government registration of announced shares issue with the following structure: common shares - 5 827 140 units; preferred shares - 107 910 units;

- approve the method of shares price determination at their re-purchasing by the company;

- approve changes and additions to the company's corporate management code;

- approve changes and additions to the company's charter;

- approve the option program;

- approve the company's Board of Directors in the following composition: Silvan Geler (Board of Directors Chairman), Otmar Kaufman (Independent Director), B. Shayakhmetov, B. Pismarkin, A. Tusupkhanov (Independent Director).