KazTransOil says attachment was removed from Batumi assets of company

/KASE, July 24, 15/ – KazTransOil JSC (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote On June 12, 2015 Batumi City Court approved the Act of Reconciliation of April 23, 2015 between Batumi Oil Terminal LLP on the one hand and a branch of a foreign company Vibro Diagnostik on the other hand. On July 13, 2015 the Tbilisi City Court issued a decision to approve the Act of Reconciliation of April 23, 2015 between Batumi Oil Terminal LLP, the company Batumi Terminals Limited, the company Petrotrans Limited, on the one part, and a branch of a foreign company Vibro Diagnostik and the company Libra Trading FZC on the other part. In addition, according to the court decision it was decided to release the attachment previously imposed on a 100% stake owned the company Batumi Terminals Limited (Cyprus) Ltd. in Batumi Oil Terminal LLP (Georgia), for the exclusive right of Batumi Oil Terminal JSC to control 100% of shares of Batumi Sea Port JSC (Georgia) and real estate of the company Batumi Oil Terminal JSC. On July 22, 2015 based on this decision of the Tbilisi City Court, the National Agency of Public Registry of the Ministry of Justice of Georgia released the attachment from the above property. Investor Relations Service KazTransOil JSC unquote [2015-07-24]