OREANDA-NEWS. November 12, 2008. Kazkommertsbank announced that ithas completed thepurchase of newly issued common shares of JSC Ular Umit Pension Fund in line with its preemptive rights, reported the press-centre of Kazkommertsbank.

On October 3, 2008, the Board of Directors of JSC UlarUmit Pension Fund (“the Fund”) decided to issue 20,000 new common shares of the Fund amounting to KZT 110,000 per share.

On November 5, 2008, Kazkommertsbank made a payment of KZT 1,085,700,000 (provide US equivalent) to purchase 9,870 common shares from the new issue.

The holding of Kazkommertsbank remains unchanged at 49.35% of the total chartered capital of JSC UlarUmit Pension Fund.