OREANDA-NEWS. Development Bank of Kazakhstan JSC (Astana, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following:

"...In accordance with decision of Management Board dated March 5, 2015 (Minutes No.06/15) of National managing holding Baiterek JSC (hereinafter – NMH Baiterek) being the sole shareholder of the Bank the following decisions were taken:

1. The number of members of the Board of Directors was approved – 6 (six) members for a term of 3 (three) years beginning from March 13, 2015.

2. The elected members of the Board of Directors beginning from March 13, 2015 are:

  - Kuandyk Bishimbayev representing interests of NMH Baiterek JSC;

  - Alina Aldambergen representing interests of NMH Baiterek JSC;

  - Yersain Hkamitov representing interests of NMH Baiterek JSC;

  - Bolat Zhamishev, Chairman of the Bank's Management Board;

  - Zhanat Alimanov, independent director;

  - Marcia Elizabeth Christian Favale, independent director.

We announce that on March 12, 2015 the powers of the following former members of the Board of Directors shall expire:

  - Kuandik Bishimbayev representing interests of NMH Baiterek JSC;

  - Alina Aldambergen representing interests of NMH Baiterek JSC;

  - Bolat Zhamishev, Chairman of the Bank's Management Board;

  - Ulf Wokurka, independent director;

  - Jacek Brzezinski, independent director;

  - Zhanat Alimanov, independent director;

  - Marcia Elizabeth Christian Favale, independent director".