This text is a translation of the prospectus from English into Russian. In case of inaccuracies or inconsistencies with the English text, the English text of the prospectus shall prevail over the Russian. The prospectus may not be transmitted or distributed otherwise than as provided below and may not be reproduced in any way whatsoever.

This document is intended for distribution in Kazakhstan only, to the extent permitted by the laws of the Republic of Kazakhstan, and is not intended for wide dissemination. This document is for informational purposes and is a translation of the Prospectus prepared for the purposes of offering and listing the GDRs referred to herein on the London Stock Exchange. The recipient of this document is not allowed to make it available to others and shall maintain the confidentiality of the information contained therein. By receiving and retaining this document, the recipient declares that he understands that this document is provided to him for the purposes of information, that distribution of this document may be restricted by Kazakhstan laws, and that the recipient is aware of the applicable legal restrictions. Credit suisse, ubs and renaissance capital do not make any offer, advertisement, promotion, placement or sale of securities in Kazakhstan.

  • 1

    General provisions
    • 1.1.

      This document has been developed in accordance with the Law of the Republic of Kazakhstan “On Joint-Stock Companies” No.415-ИI of May 13, 2003, as amended (the Law), other statutory and regulatory enactments of the Republic of Kazakhstan and the Charter of Kcell JSC (Company).

    • 1.2.

      The terms used in this document have the following meanings:

    • 1.3.

      The provisions of this document shall apply to determine the cost of Shares in case of their redemption by the Company: (a) on the initiative of the Company for subsequent resale of such Shares by the Company or for other purposes not contrary to the laws of the Republic of Kazakhstan and the Charter of the Company or (b) at the Shareholder’s request in the cases provided for by the Law

  • 2

    • 2.1.

      Redemption of Shares by the Company on the initiative of the Company shall be at the price established by an independent appraiser appointed by the Company at its own discretion, as of the date at least 30 (thirty) calendar days before the relevant decision is taken by the Board of Directors.

    • 2.2.

      Redemption of Shares at the Shareholder’s request

Оригинал документа