Development Bank of Kazakhstan announces changes in Management Board

/KASE, March 6, 14/ – Development Bank of Kazakhstan (Astana, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote In accordance with the decision of the Bank's Board of Directors of March 3, 2014 (minutes No.150) (hereinafter – the Decision) authorities of the following deputy Chairmen of Management Board – Members of Management Board were terminated early: 1) Dauletkhan Kilybaev upon parties' agreement on February 3, 2014 based on the submitted application; 2) Zhasulan Madiev upon parties' agreement on March 7, 2014 based on the submitted application. By the same decision, Murat Alkenov was appointed a deputy Chairman of Management Board – Member of Management Board with a term of office until the expiry of authorities of the Bank's management Board as a whole. unquote [2014-03-06]