The meeting of the Board of Directors of KEGOC was attended using video conference facilities by:

1.   Yernat Berdigulov, Chairman of the Board of Directors of KEGOC, representative of Samruk-Kazyna.

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

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

4.   Ulf Wokurka, member of the Board of Directors of KEGOC, independent director.

5.   Alexey Repin, chairman of the Board of Directors of KEGOC.

6.   Almat Zhamiyev, member of the Board of Directors of KEGOC, representative of Samruk-Kazyna.

7.   Kanysh Moldabayev, member of the Board of Directors of KEGOC, chairman of the Management Board of KEGOC.

The meeting of the Board of Directors on 25 March 2022 considered 1 (one) agenda item, 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).

1.   Review of the Progress Report for the major investment projects for Q4 2021.

The Board of Directors decided to:

1.   Take note of the Progress Report for the major investment projects for Q4 2021;

2.   Instruct the Management Board (Kanysh Moldabayev):

1) as soon as possible in working order to provide the Board of Directors with a detailed justification of increasing the cost of the projects.

2) to consider the possibility of sharing the risks of increasing the cost of contracts with contractors of KEGOC in the future.

3) to take measures to use the mechanism for sharing cost increase risks by KEGOC with contractors, risks of possible increase in the cost of work.

PRO: seven;

CON: none;

ABSTAIN: none.