Almaty, April 4, 2017 – In less than four weeks the trial of the fraud claims brought by certain members of Kazakhstan Kagazy Group (the “Claimants”) against the Claimants’ former shareholders and directors, Maksat Arip and Shynar Dikhanayeva (the “Defendants”), will commence in the London High Court. Trial is scheduled to start on April 25, 2017, with an estimated duration of three months.
On 27-28 April 2016, the 6th Kazakhstan International Occupational Safety and Health Conference took place in Astana. The main agenda of the event was the management of occupational risks within the scope of safety and health systems as a key tool for improving working conditions.
KAZAKHSTAN KAGAZY PLC
(“KKPLC”, or the "Company")
Update regarding litigation
The Company and certain of its subsidiaries (the “Kazakhstan Kagazy Group”) commenced court proceedings in the High Court of Justice in England in August 2013 against Baglan Abdullayevich Zhunus, Maksat Askaruly Arip and Shynar Dikhanbayeva.