Results of Annual General Meeting of Shareholders of KEGOC

English

On 27 April 2018, an annual general meeting of KEGOC's shareholders was held to review the following issues:

1) determine the number of members, terms of office of KEGOC's Board of Directors, elect its members and the chairman, and determine the rates and terms of remuneration and compensation of expenses for the members of KEGOC's Board of Directors in fulfilment of their duties;

2) approve the annual financial statements, distribution of the net income, payment of dividends on ordinary shares and approve the amount of the dividend per one ordinary share of KEGOC for 2017;

3) consider any claims from the shareholders in relation to activities of KEGOC and its officers and results of investigation of such claims;

4) determine the number of members, terms of office of the counting board of the general meeting of KEGOC's shareholders and election of its members.

Shareholders approved the KEGOC's annual financial statements for 2017. According to the statements the net income of the Company amounted to KZT 32.9 billion.

The general meeting of KEGOC's shareholders resolved to allocate KZT 10.4 billion or 70% of KEGOC's KZT 32.9 billion net income for 2017 for payment of dividends, net of previously paid KZT 12.6 billion dividends for H1 2017.

Thus, the total amount of dividends to be paid out will be KZT 10.4 billion for all holders of ordinary shares of KEGOC, which is KZT 40.13 (forty-eight tenge forty tiyn) per one ordinary share.

The list of the KEGOC's shareholders, who has the right for dividends on ordinary shares for 2017 was recorded as at 00 hours 00 minutes on 14 May 2018. The dividend payment will start on 15 May 2018.

Also the meeting determined the number of members, terms of office of KEGOC's Board of Directors, elected its members and the chairman, and determined the rates and terms of remuneration and compensation of expenses for the members of KEGOC's Board of Directors in fulfilment of their duties.

The members of KEGOC's Board of Directors were elected as follows:

- Ibragim Tagashev, Director of the Asset Management Directorate of Samruk-Kazyna, representative of Samruk-Kazyna;

- Suinshlik Tiyessov, representative of Samruk-Kazyna;

- Zhanna Yegimbayeva, representative of Samruk-Kazyna;

- Dominique Yvon Fache, independent director;

- Janusz Witold Bialek, independent director;

- Bakytzhan Kazhiyev, Chairman of the Management Board, KEGOC.

Ibragim Tagashev, was elected the Chairman of KEGOC's Board of Directors.