The meeting of the Board of Directors of KEGOC was attended by:

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

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

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

4.   Damir Suyentayev, 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 15 December 2022, considered 2 (two) 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).

1. On the conclusion of interested-party transactions by signing contracts for the organization of work on operational and operational maintenance of equipment for 2023.

The Board of Directors decided to:

1. KEGOC, in the prescribed manner, shall conclude the non-arm’s length transactions, by executing the contracts as follows for 2023:

1) between Batys Transit JSC and Aktyubinskiye MES branch of KEGOC for maintenance of Batys Transit equipment installed at 220 kV outdoor switchgear at 500 kV Ulke SS and 220 kV OHTL Ulke - Kazchrome 1 and Ulke - Kazchrome 2;

2) between Batys Transit JSC and Aktyubinskiye MES branch of KEGOC for maintenance of Batys Transit equipment installed at 500 kV outdoor switchgear at 500 kV Ulke SS and 500 kV OHTL Zhitikar - Ulke;

3) between Batys Transit JSC and Sarbaiskiye MES branch of KEGOC for maintenance of Batys Transit equipment installed at 500 kV outdoor switchgear at 500 kV Zhitikara SS and 500 kV OHTL Zhitikar – Ulke.

2. The Chairman of the Management Board of KEGOC (Kanysh Moldabayev) to take actions as required by this decision.

PRO: three;

CONTRA: none;

ABSTAIN: none.

2. On changes in the composition of the Audit Committee of the Board of Directors of KEGOC JSC.

The Board of Directors decided to:

1. Prematurely terminate the powers of the expert (without the right to vote) Audit Committee of the Board of Directors of JSC "KEGOC" Mynzhanov Ernar Seitovich.

2. Elect Edil Renatoll Edilovich as an expert (without the right to vote) Audit Committee of the Board of Directors of KEGOC JSC.

PRO: seven;

CONTRA: none;

ABSTAIN: none.