Ust-Kamenogorsk Titanium Magnesium Plant announces pledging assets

/KASE, January 29, 15/ – Ust-Kamenogorsk Titanium Magnesium Plant JSC (Oskemen), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote Information on pledging of immovable assets of UKTMP JSC worth more than 5% of assets. 1) Date of decision to pledge assets – November 21, 2014 2) Date of pledging assets – January 21, 2015, Pledge agreement is valid until the Pledger fully meets his obligations 3) Value of assets of UKTMP JSC. The market value of asserts makes KZT7,578,928,313 4) Date of the most recent appraisal of assets value – December 25, 2013 5) Percentage rate of the value of assets of UKTMP JSC being pledged, to the total value of assets of UKTMP JSC makes 15.4 %. unquote [2015-01-29]