Almaty, Kazakhstan – 31st of March 2011 Kazakhstan Kagazy JSC (hereinafter referred to as the “Group” or “Kagazy”) informs about election of the representative of the Creditors Committee as a new Independent Director.

On its meeting held on March 30, 2011 the Board of Directors of Kagazy Investments JSC has elected Mr. Amirzhanov Nurlan Kakenovich, representative of the Creditors Committee, as an Independent Director of the Board.

By electing Mr. Amirzhanov N.K. as an Independent Director the Group emphasizes its adherence to the fulfillment of agreements achieved between the Group and its Creditors, whose interests represents the Creditors Committee.

For information:
Amirzhanov N.К. (1966) has served as Chairman of the Board of Saving Pension Fund NefteGaz-Dem from 1997. Prior he took leading positions in Halyk Bank, National Bank of RK and also worked at Almaty Stock Exchange. 

***

For additional data, please visit www.kazakhstankagazy.com or contact: