The following members participated at the meeting of the Board of Directors through videoconference facilities:

1.   Almassadam Satkaliyev, Chairman of the Board of Directors of KEGOC, Managing Director, Head of Asset Management Directorate, Samruk-Kazyna.

2.   Suinshlik Tiyessov, member of the Board of Directors KEGOC, representative of Samruk-Kazyna.

3.   Zhanna Yegimbayeva, member of the Board of Directors KEGOC, representative of Samruk-Kazyna.

4.   Nurlan Akhanzaripov, member of the Board of Directors KEGOC, an independent director.

5.   Dominique Fache, member of the Board of Directors of KEGOC, member of the Board of Directors of Sophia Antipolis Science Park, Chairman of RTF Board of Directors.

6.   Zhanbota Bekenov, member of the Board of Directors KEGOC, an independent director.

7.   Bakytzhan Kazhiyev, member of the Board of Directors of KEGOC, Chairman of the Management Board of KEGOC.

The meeting of the Board of Directors on 19 February 2021, considered 2 agenda items, which should be brought to the attention of shareholders and investors in accordance with the List of agenda items approved by the Board of Directors on 13 July 2017 (Minutes No. 6). The information these agenda item is given below.

1.  ‘Determination of the term of powers of the Management Board of KEGOC’

1.  Determine the terms of powers of the Management Board of KEGOC as one (1) year (since 24 February 2021 until 24 February 2022) except for the Chairman of the Management Board of KEGOC.

2.  Elect the members of the Management Board of KEGOC effective since 24 February 2021 up to the expiration of the term of office of the Management Board of KEGOC as a whole:

- Managing Director for Operations: Bakytkhan Zhazykbayev;

- Managing Director for Finance and Accounting: Aibek Botabekov;

- Managing Director for Legal Support and Risks: Tolegen Safuani;

- Managing Director for Strategy and Development: Zhandos Nurmaganbetov.

3. Determine the salary rates of the persons referred to in paragraph 2 hereof, in accordance with the Salary schedule of the Chairman and members of the Management Board of KEGOC (Appendix No. 1 hereof).

4. Determine terms of labour payment and bonus payments for the persons, referred to in paragraph 2 hereof, in accordance with ПР KEGOC 00-313-19-СД the Rules Labour remuneration and bonus payment for the Chairman of the Management Board and members of the Management Board, Corporate Secretary, Compliance Officer, Ombudsman, and  the staff of the Internal Audit Service of KEGOC.

5. Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take measures arising out of this decision under the established procedure.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

2.  Review of the addenda to the List of issues that shall be decided by the Board of Directors and do not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC.

The Board of Directors made the following decisions:

1.  Amend the List of issues that shall be decided by the Board of Directors and do not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC, approved by the Board of Directors of KEGOC (Minutes No.11 dated 30 October 2020, clause 21, 22) as follows:  

'21. Approve the financial strategy of Kazakhstan Electricity Grid Operating Company JSC (KEGOC);

22. Approve the Regulations on the General Meeting of the Bondholders of Kazakhstan Electricity Grid Operating Company (KEGOC)’.

2.  The Chairman of the Management Board of KEGOC (Bakytzhan Kazhiyev) shall take necessary actions arising out of this decision.

PRO: seven;

CONTRA: none;

ABSTAIN: none.