Jsc Halyk Reg S Regulatory News (HSBK)

26 Feb 2008 11:02

JSC Halyk Savings Bank Kazakhstan26 February 2008 26 February 2008 Joint Stock Company 'Halyk Savings Bank of Kazakhstan' Resolutions adopted at the Extraordinary General Shareholders' Meeting held on 21 February 2008 The Board of Directors of JSC Halyk Bank (LSE: HSBK) hereby announcesresolutions adopted at the Extraordinary General Shareholders' Meeting(hereinafter the "Meeting") held on 21 February 2008: 1. The composition of the Board of Directors of JSC Halyk Bank was approvedby a simple majority of votes to consist of six members. 2. A three-year term of authority for the Board of Directors of JSC HalykBank was approved by a simple majority of votes. This term shall expire on thedate of the annual general shareholders' meeting at which the new Board ofDirectors will be elected. Should the three-year term expire before the date ofthe annual general shareholders' meeting, the authorities of the Board ofDirectors are automatically extended until the date of the annual generalshareholders' meeting at which the new Board of Directors is to be elected. 3. Election of Directors to the Board of Directors of JSC Halyk Bank. The following members of the Board of Directors of JSC Halyk Bank were electedby means of cumulative voting: • Mrs. Kamilya Arstanbekova • Mr. Askar Yelemessov • Mr. Christof H. Ruhl • Mr. Grigoriy Marchenko • Mr. Alexander Pavlov • Mr. Kairat Satylganov Mr. Pavlov and Mr. Ruhl were elected as independent non-executive Directors. Mr. Yelemessov and Mr. Satylganov were elected as non-executive Directorsrepresenting interests of JSC Holding Group 'ALMEX'(i). 4. The proposed amendments to the Charter of JSC Halyk Bank were approvedas presented to the Meeting by a qualified majority of votes. 5. The proposed amendments to the Corporate Governance Code of JCS HalykBank were approved as presented to the Meeting by a qualified majority of votes. 6. The proposed amendments to the Terms of Reference of the Board ofDirectors of JSC Halyk Bank were approved as presented to the Meeting by asimple majority of votes. 7. The proposed amendments to the Rules for the share buy-back program ofJSC Halyk Bank and redemption price estimation methodology were approved aspresented to the Meeting by a simple majority of votes(ii). 8. In relation to the counting board of JSC Halyk Bank, the followingresolutions were adopted by a simple majority of votes: • The authority of the incumbent counting board is terminated; • The number of members of the counting board shall be five; • The term of authority of the counting board shall be one year. The termshall expire on the date of the annual general shareholders' meeting at whichthe new counting board is to be elected. Should the one-year term expire beforethe date of the annual general shareholders' meeting, the authority of thecounting board is automatically extended until the date of an annual generalshareholders' meeting where the new counting board is to be elected. • Persons elected as members of the counting board of JSC Halyk Bank:Ilmira Razumova (chairperson of the counting board), Zhanar Bayatanova, AisuluIlusinova, Gani Uataev, and Elena Khmyz. - ENDS - For further information please contact: Assel Atinova asela@halykbank.kz +7 727 259 04 30Zhanar Kairbayeva ZhanarKai@halykbank.kz +7 727 244 77 65 Financial Dynamics Paul Marriott paul.marriott@fd.com +44 (0)20 7269 7252David Cranmer david.cranmer@fd.com +44 (0)20 7269 7217 -------------------------- (i) Please note: Background information on members of the Board of Directors of JSC Halyk Bankand their current positions are available on Halyk Bank's web-site at: http://eng.halykbank.kz/content/view/full/1644/offset Sir Gavyn Arthur resigned from his position of independent non-executiveDirector of JSC Halyk Bank on 4 February 2008 due to his appointment as SeniorJudge in the UK by Her Majesty The Queen. Mr. Kadyrzhan Damitov, independent non-executive Director of JSC Halyk Bank,resigned on 1 October 2007 due to his appointment as the Chairman of the socialenterprise corporation "Ertys". JSC Halyk Bank will continue to search for up to two more independent Directorsand will propose the selected candidates for election to the Board of Directorsby the general shareholders meeting in due course. (ii) The text of amendments to the Charter, Corporate Governance Code, Terms ofReference of the Board of Directors, and Rules for share buy-back program andredemption price estimation methodology is available on Halyk Bank's web-siteat: http://eng.halykbank.kz/content/view/full/1644/offset Please note that the prevailing language in respect of the abovementioneddocuments and amendments thereto shall be Russian. This information is provided by RNS The company news service from the London Stock Exchange