Almaty, Kazakhstan – August 4, 2008 – Kazakhstan Kagazy PLC (the “Company” or “Kagazy”) (LSE: KAG), one of Kazakhstan’s leading industrial groups, today announced that the Board of Directors (the “Board”) set the date for the Company’s Annual General Meeting of Shareholders (“AGM”) for August 26, 2008. The AGM will take place at 2.00 pm BST at the following address: Third Floor, St. George’s Court, Upper Church Street, Douglas, Isle of Man, UK.
The Board recommended the AGM to consider the following:
- Approve the Annual Report for the year ended 31 December 2007 together with the report of the Auditors and audited financial accounts
- Re-elect Alessandro Manghi, Thomas Edward Johnson and Yuriy Bogday to the Board of Directors of the Company
- Re-appoint BDO Stoy Hayward LLP as auditors to the Company.
Further information with regard to the AGM and other related issues will be available on the Company’s website http://www.kazakhstankagazy.com/ from August 4, 2008, as well as by request at Kagazy’s office at the following address: 15-19 Athol Street, Douglas, Isle of Man, IM1 1LB.
For further information, please visit http://www.kazakhstankagazy.com/ or contact:
| Kazakhstan Kagazy Yuriy Bogday Chief Executive Officer Tel: +7 7272 448 790 y.bogday@kagazy.kz | Kazakhstan Kagazy Alessandro Manghi Chairman Tel: +7 7272 448 771 a.manghi@kagazy.kz | Shared Value Limited Larisa Kogut-Millings Investor Relations Tel. +44 (0) 20 7321 5037 kagazy@sharedvalue.net |
Kazakhstan Kagazy PLC runs Central Asia’s largest producer of paper, corrugated board and packaging products. It also operates one of the leading industrial real estate development companies in the country through Prime Estate Activities Kazakhstan LLP (Peak), which owns approximately 711 hectares of prime land, strategically located in a newly created industrial zone of the main cities of Kazakhstan, for construction of commercial warehousing and logistics infrastructure facilities. The Group reported total assets of approximately US$ 631.1 million as at December 31, 2007 and consolidated revenues of approximately US$ 78.7 million for the full year of 2007. Kazakhstan Kagazy’s securities are listed under the symbol “KAG” on the London Stock Exchange.
This interim statement contains certain forward-looking statements with respect to the financial condition, results, operations and businesses of Kazakhstan Kagazy plc. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Nothing in this interim statement should be construed as a profit forecast.