OREANDA-NEWS. On November 26, 2008 SAT & Company (Almaty, further - the Company), securities of which are traded in the official list of Kazakhstan Stock Exchange (KASE), provided KASE with a copy of minutes of the session of the Board of Directors of November 7, 2008, reported the press-centre of KASE.

According to the provided document the Board of Directors made the following decisions:

- to terminate authorities of Chairman of the Board of Directors Jurgen Karher on November 3, 2008 on the basis of the notification submitted personally;

- to elect K. Rakishev as Chairman of the Board of Directors beginning November 7, 2008;

- to terminate authorities of Chairman of the Management Board K. Rakishev November 6, 2008 on the basis of the notification submitted personally;

- to elect O. Tokhtarov as Chairman of the Management Board of the company  beginning November 7, 2008 with expiry of authorities simultaneously with expiry of authorities of all members of the Board of the company.