Kazakhtelecom (Kszakhstan) on court decision regarding corporate dispute

/KASE, April 10, 14/ – Kazakhtelecom (Astana), securities of which are officially listed on Kazakhstan Stock Exchange (KASE), informed KASE by the official letter: quotation The company «Firebird Republics Fund, Ltd», registered at (legal address): C\o Trident Trust Co (Cayman) Ltd. 1 Capital Place, Box 847, Grand Cayman, is bringing an action (initiating legal proceedings) against JSC Kazakhtelecom located at 31 Abai avenue, the city of Astana, by submitting the statement of claim to the Specialized inter-district economic Court of the city of Astana as of 17.09.13 on recognition of tax deduction as unlawful act and on reclamation of the amount of dividends that would have been accrued had this tax deduction not occurred (not taken place). - The Specialized inter-district economic court of the city of Astana (hereinafter referred to as SIEC of Astana city) by its decision as of 18.12.13 denied the claims submitted by the Company "Firebird Republics Fund, Ltd". - Earlier, the company "Firebird Republics Fund, Ltd" submitted petition of appeal with the claim to cancel the SIEC ruling and make a new decision regarding the claim. - On March 4, 2014, the appeal judicial board on civil and administrative proceedings of the Court of the city of Astana refused to allow the appeal of “FirebirdRepublicsFund”. ends [2014-04-10]