OREANDA-NEWS. On July 02, 2008 RESMI Finance and Investment House JSC (RESMI FIH JSC, Almaty), a financial advisor of Mangistau Electricity Distribution Network Company JSC (MEDNC JSC, Aktau), securities of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with press release, made by MEDNC JSC and RESMI FIH JSC of the following content, reported the press-centre of KASE:

In compliance with decision of Board of directors of Mangistau Electricity Distribution Network Company JSC (MEDNC JSC), dated May 7, 2008 (protocol# 6), the part of MEDNC`s JSC shares of additional issue in amount of 322,912 common shares were suggested to offer among population of Mangistau oblast.

During the period of June 9 - 23, 2008 applications from physical entities for purchase of MEDNC`s JSC shares was conducting in Mangistau oblast. It was realized through transfer-agent network of Kazpost JSC and RESMI FIH JSC centers, opened especially for this offering.

RESMI Finance and Investment House JSC perform as financial adviser.

The main aim of offering is activation of stock market by means of involving people and receiving market evaluation and investment borrowing to the company.

Assets, borrowed by means of shares offering will be used in compliance with ratified developing plan of MEDNC JSC for 2008 - 2010.

Offering of MEDNC`s JSC shares will be realized in 2 stages:

- First stage applications were accepted on total amount of shares 298,213 copies, what makes 92,3% from the suggested amount. Application`s price varied from KZT1,485 to KZT1,660. In compliance with terms of shares offering, cut off price was determined in amount of KZT1,485 and all accepted applications were totally satisfied. At the current moment, payments and shares` entering in investors` account are in process.

- Second stage 107,637 shares and unplaced on the first stage 24,699 shares are planned to offer on Kazakhstan Stock Exchange`s trading floor. These shares are included in KASE`s category "A" official list. trades with MEDNC`s JSC shares are planned to execute on July 15, 2008 by method of specialized trades. This method is used while selling or purchasing securities by the sole seller or purchaser correspondently.