OREANDA-NEWS. May 18, 2009. Subsidiary of joint stock company BTA Bank-Temirbank (Almaty, un the headline and hereinafter - Temirbank), the listed company of Kazakhstan Stock Exchange (KASE), informed KASE by the official letter on the following, reported the press-centre of KASE:

Almaty City Court on Civil Matters considered the reclaiming note of the company QVT Fund LP, by results of which refused the note satisfaction, Almaty City Specialized Inter-district Economic Court decision was not changed.

Thus, Almaty City Special Inter-district Economic Court decision of March 26, 2009 became effective from May 6, 2009.

We remind that the company QVT Fund LP appealed Almaty City Special Inter-district Economic Court with the suit to recognize invalid Temirbank shareholders special general meeting decision, held on January 30, 2009, in the part of additional issue of 30,250,000 preferred and 10,750,000 common shares.

By the court decision of March 26, 2009 claims of QVT Fund LP were fully rejected.