OREANDA-NEWS. June 01, 2007. We inform our shareholders that Agenda of extraordinary general meeting to be held on June 28, 2007 at 1500 hours at 135zh Gagarin st. Almaty, Kazakhstan is amended and now is the following, reported the press-centre of  JSC Kazkommertsbank:

Agenda:
1. On increase of authorized shares amount of Kazkommertsbank JSC.
2. On approval of new edition of the Bank’s share prospectus
3. On approval of amendments and additions #2 to the articles of the Bank

The decision of increasing number of common shares by 200 million is made in accordance with the Bank’s strategic goals – to keep leading position in the banking sector of Kazakhstan, maintaining high level of yield.

Board of directors asks to take into consideration that the increase in amount of authorized shares does not mean their immediate placement. If the share emission prospectus will be approved by shareholders on the general meeting on June 28 2007, it will be directed to the Agency of Monitoring and surveillance of financial market and financial institutions for registration After registration of Prospectus and receiving of new certificate of state registration of share emission, new shares will be entered into emission account of the Bank (issuer).

The procedures, date and price of placement will be defined later on by Board of Directors. Emission of new shares will allow the Bank to increase share capital when necessary in order to realize the consistent growth strategy and partially – for potential creation or purchase of foreign financial organizations in Kazakhstan and abroad. If such decision would be made all shareholders will be informed in appropriate way.