OREANDA-NEWS. On July 04, 2008 KazTransCom JSC (Almaty, further - the Company), securities of which are traded on Kazakhstan Stock Exchange (KASE) in category "A", provided KASE with a copy of minutes of the session of the Board of Directors of the company of June 13, 2008, reported the press-centre of KASE.

In accordance with the agenda the Board of Directors of the company made the following decisions:

- re-elect M. Abdrakhmanov as Chairman of the Board of Directors beginning June 16, 2008 and to continue authorities of M. Martirosov as a director of    the company - independent director;

- to extend authorities of A. Erzhanov as Chairman of the Management Board of the company;

- in regard of legal entities with 10 % or larger share the company determined issues decisions on which are to be made after preliminary approval of the Board of Directors:

  - approval of annual financial statements and distribution of net income of ERP-Service KazTransCom LLP, a 100 % subsidiary of the company;

  - approval of the auditor of ERP-Service KazTransCom LLP;

  - decision on re-organization or liquidation of ERP-Service KazTransCom LLP;

  - decision on mortgage of all property of ERP-Service "KazTransCom LLP;

- to approve submission of application to National Innovation Fund JSC for financing of innovation project KazTransCom-Com.On.