KCEL.L Regulatory News (KCEL)

Notice of Extraordinary General Meeting of Shareholders of Kcell JSC

Almaty, 23 November 2015 - Kcell Joint Stock Company notifies that the Board of Directors has decided to convene Extraordinary General Meeting of Shareholders of Kcell JSC (the "EGM") on 06 January 2016 at 11:00 am (Almaty time) at the following address: 2G Timiryazyev street, Almaty city, Republic of Kazakhstan. Registration of the EGM participants will start at 10:00 am (Almaty time).

In the event that the meeting does not take place, it will be rescheduled for 08 January 2016 at 11:00 am (Almaty time).

The shareholders registered by the Unified Registrar of Securities as a shareholder in registrar of holders of shares on the date of 30 November 2015 (01:00 am Almaty time) shall have a right to attend the Extraordinary General Meeting of Shareholders.

To register, participants will need to provide their identity documents and trustees are required to present a power of attorney to participate in the meeting with the right to vote.

The proposed EGM agenda is as follows:

1. The election of the Chairman and Secretary of the Extraordinary General Meeting of shareholders and the approval of the form of voting.

2. The approval of the agenda of the Extraordinary General Meeting of shareholders.

3. The approval of the size of the Counting Commission, elections of its members and approval of their term of the office.

4. The election of the new member of the Board of Directors of Kcell JSC in place of retired Mr. Kenneth Berndt Karlberg.

5. The election of the new member of the Board of Directors of Kcell JSC in place of retired Mr. Erik Hallberg.

Materials on the agenda

Kcell JSC shareholders can access the materials relating to the above agenda of the Extraordinary General Meeting of Shareholders by sending request with documents certifying the shareholder's status attached to the following e-mail: materialsgm@kcell.kz or at the Company's executive office of the Chief Executive Officer at the following address: Republic of Kazakhstan, 050051, Almaty, Samal-2, 100. The agenda materials will be available for shareholders review by not later than ten days before the meeting. Shareholders can request to have materials to be sent to them within three working days of the receipt of such a request. Charges for copies of the documents and document delivery are at the expense of shareholders.

Company Overview

Kcell provides mobile voice telecommunications services, messaging services, value-added services such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass market subscribers. The Company offers its services through its extensive, high quality network which covers substantially all of the populated territory of Kazakhstan.

In December 2012, Kcell successfully completed its offering of GDR's on the London Stock Exchange and common shares on KASE. The price was set at USD 10.50 per GDR and KZT 1,578.68 per share with each GDR representing one share. The offering consisted of a sale by TeliaSonera of 50 million shares, which represent 25 percent of Kcell's share capital. TeliaSonera holds directly and indirectly 61.9% of the Company's common shares.

Kcell plans to benefit from the significant growth potential for mobile data services in Kazakhstan. The Company intends to continue to invest in the deployment of its 3G network to expand coverage. Kcell aims to maintain its market leadership in terms of revenue and the number of subscribers by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the high quality of its network and enhancing its brand value.