OREANDA-NEWS. May 15, 2012. According to the agenda of the annual General shareholders’ meeting of Kazakhtelecom JSC the items of the agenda were considered and decisions were made in respect thereof, including in respect of the order of distribution of net profit of Kazakhtelecom JSC for 2011 and the first quarter of 2012, respectively, reported the press-centre of Kazakhtelecom.     

The annual General shareholders’ meeting of Kazakhtelecom JSC decided to clarify the date and time of fixing of the list of shareholders entitled to receive dividends upon the results of 2011 and the first quarter of 2012, respecitvely.  The annual General shareholders’ meeting of Kazakhtelecom JSC has made the following decisions on the order of distribution of net profit of Kazakhtelecom JSC for 2011 and the first quarter of 2012, respectively:

"On the order of distribution of net profit of Kazakhtelecom JSC for 2011, payment of dividends on the ordinary shares and approval of the amount of dividends per one ordinary share"

Pursuant to sub-clause 8) of clause 1 of article 36 of the Law of the Republic of Kazakhstan "On joint-stock companies" and sub-clause 10) of clause 1 of article 29 of the Charter of Kazakhtelecom JSC, the annual general shareholders’ meeting of Kazakhtelecom JSC RESOLVED:

1. To approve the amount of dividend upon the results of 2011 in respect of the ordinary shares of Kazakhtelecom JSC in the amount of 1 328 (one thousand three hundred twenty eight) tenge 80 (eighty) tiyn per 1 (one) ordinary share.

2. To fix the list of shareholders entitled to receive dividends upon the results of 2011 as at 16 May 2012, 00:00.

3. To determine the date of commencement of payment of dividends in respect of the ordinary shares of the Company upon the results of 2011– upon the expiry of 20 (twenty) calendar days from the date of fixing of the list of shareholders of Kazakhtelecom JSC entitled to receive dividends upon the results of 2011.

"On the order of distribution of net profit of Kazakhtelecom JSC for the first quarter of 2012, payment of dividends on the ordinary shares and approval of the amount of dividends per one ordinary share"

Pursuant to clause 1 of article 23 of the Law of Republic of Kazakhstan "On joint-stock companies" and clause 1 of article 22 of the Charter of Kazakhtelecom JSC, the annual General shareholders’ meeting of Kazakhtelecom JSC RESOLVED:

1. To approve the amount of dividends upon the results of the first quarter of 2012 in respect of the ordinary shares of Kazakhtelecom JSC in the amount of 18 559 (eighteen thousand five hundred fifty nine) tenge 27 (twenty seven) tiyn per 1 (one) ordinary share.

2. To fix the list of shareholders entitled to receive dividends upon the results of the first quarter of 2012 as at 16 May 2012, 00:00.

3. To determine the date of commencement of payment of dividends in respect of the ordinary shares of the Company upon the results of the first quarter of 2012– upon the expiry of 20 (twenty) calendar days from the date of fixing of the list of shareholders of Kazakhtelecom JSC entitled to receive dividends upon the results of the first quarter of 2012.

Kazakhtelecom JSC hereby further informs that in accordance with clause 1 of article 24 of the Law of the Republic of Kazakhstan “On joint-stock companies” the amount of the dividends payable in respect of preference shares of Kazakhtelecom JSC shall be not less than the amount of the dividends payable in respect of the ordinary shares of Kazakhtelecom JSC for the relevant period.

The text of the minutes of the annual General shareholders’ meeting of Kazakhtelecom JSC shall be published in accordance with the requirements of the listing rules of JSC “Kazakhstan Stock Exchange” and the legislation of the Republic of Kazakhstan.  Information regarding the decision on payment of dividends on ordinary and preference shares of Kazakhtelecom JSC shall be published in the mass media in accordance with the requirements of the legislation of the Republic of Kazakhstan and the Charter of Kazakhtelecom JSC.