OREANDA-NEWS. On October 19, 2007 Bank TuranAlem JSC (Almaty) whose shares and bonds are traded in the official category "A" listing of Kazakhstan stock exchange (KASE) had provided KASE with a press release of the following content, reported the press-centre of KASE:

An inauguration of block "A" that is the first of six, being constructed in the housing complex of one of the biggest construction projects of the capital - Highvill Astana, will be held on October 20 of 2007 at 11:00 a.m. in Astana at the next address: Sarayshyk st. (st. #12). Against the background of crisis on real estate market, the fact of successful commissioning of the completed
housing by a South Korean company proved the status of High Vill Kazakhstan as a reliable partner who is responsible to a client for quality and commission term of its objects.

Bank TuranAlem JSC financed the construction of HC Highvill Astana to the amount of more than USD200 m. and provided mortgages to 43 clients to the sum of more than USD11,7 m. within this project.

The following persons will take part in the inauguration:

Askar Mamin - Akim (mayor) of Astana;

Go Dje Il - President of Donil Highvill;

Kim Il Su - ambassador of Korea in Kazakhstan;

Kim In - director of Highvill Kazakhstan;

Assylmurat Ramazanov - executive director - member of Executive committee of Bank TuranAlem.