The meeting was attended via video conference by:

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

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

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

4.Janusz Bialek, Professor at Newcastle University (UK) and Skolkovo Institute of Science and Technology Skoltech (Russia), independent director.

5.Dominique Fache, member of RTF Board of Directors at Sophia Antipolis Science Park, chairman of RTF Board of Directors.

6.Zhanbota Bekenov, independent director.

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

The meeting of the Board of Directors on 19 May 2020, considered 4 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 on these agenda items is given below. 

1.Review of 2018 Progress report for 2018-2028 KEGOC's Development Strategy.

The Board of Directors decided to take a note of the 2019 Progress report for 2018-2028 KEGOC's Development Strategy.

PRO: seven;

CONTRA: none;

ABSTAIN - none.

2.Review of the Progress report for major investment projects in Q1 2020

 The Board of Directors made the following decisions:

1.Take note of the Progress report for major investment projects in Q1 2020;

2.The Management Board of KEGOC shall stricken the supervision of the timely implementation of the investment programme and maintaining relations with the government authorities.

 PRO: seven;

CONTRA: none;

ABSTAIN - none.

3.Recommendations to the General Meeting of Shareholders of KEGOC regarding the auditor of KEGOC, and the auditor’s fee for an audit of financial statements.

The Board of Directors made the following decisions:

1.Recommend the General Meeting of Shareholders of KEGOC to approve Ernst & Young LLP as an auditor of KEGOC for 2020.

2.Determine the auditor’s fee for the audit of the financial statements of KEGOC for 2020 as KZT 45,000,000 (forty-five million tenge) without VAT.

3.The Management Board of KEGOC to take comprehensive measures to increase the number of participants in the tender for the selection of an auditor of KEGOC for 2021 and thereafter. 

 PRO: seven;

CONTRA: none;

ABSTAIN - none.

4.Call of an extraordinary General Meeting of KEGOC's Shareholders in absentia.

The Board of Directors made the following decisions:

1.Call an extraordinary General Meeting of Shareholders of KEGOC in absentia on 26 June 2020. 

2.Determine the start date for submission of absentee voting ballots as 22 June 2020. 

3.Determine the end date for submission of absentee voting ballots as 25 June 2020. 

4.Determine the date for counting votes as 26 June 2020.

5.Propose to the extraordinary General Meeting of Shareholders of KEGOC to include into the agenda the item ‘On certain matters of the Board of Directors of KEGOC’.

6.The Chairman of Management Board of KEGOC (Bakytzhan Kazhiyev) shall take appropriate actions arising from this decision. 

PRO: seven;

CONTRA: none;

ABSTAIN - none.