The meeting of the Board of Directors of KEGOC was attended using video conference 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 of KEGOC, representative of Samruk-Kazyna;

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

4.Dominique Fache, member of the Board of Directors of KEGOC, member of the Board of Directors at Sophia Antipolis Science Park, chairman of Board of Directors of RTF.

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

6.Nurlan Akhanzaripov, member of the Board of Directors of KEGOC, 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 18 August 2020, considered 5 (five) 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.Review of the Progress report on major investment projects in Q2 2020.

The Board of Directors made the following decisions:

1. Take note of the Report on implementation of major investment projects for Q2 2020;

2.  Note the progress delay of KEGOC of the following projects and instruct the Management Board (Bakytzhan Kazhiyev) to:

1) accelerate the development, timely approve the design and estimate documentation and disburse the capital investments planned for 2020 for West Kazakhstan Electricity Transmission Reinforcement Project;

2) ensure disbursement of capital investments planned for 2020 for Turkestan External Power Supply Reinforcement Project.

PRO: seven;

CON - none;

ABSTAIN: none.

2.Propose to the extraordinary General Meeting of Shareholders of KEGOC to approve the amendments to KEGOC's Charter.

The Board of Directors decided to propose to the extraordinary General Meeting of Shareholders of KEGOC to approve the amendments to KEGOC's Charter.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

3. Review of the amendments to the List of issues that shall be decided by the Board of Directors and shall not be referred to the exclusive competence of the General Meeting of Shareholders of KEGOC.

The Board of Directors made the following decisions:

1.Add to the list of issues, decisions on which shall be made by the Board of Directors and shall not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC, approved by the decision of the Board of Directors of KEGOC (Minutes No. 9 dated 16 June 2017), item 19 as follows:

'19. Approval of limits for certain types of expenses and availability standards".

2.The Chairman of the Management Board of KEGOC (Bakytzhan Kazhiyev) to take appropriate actions arising from this decision.

PRO: seven;

CON - none;

ABSTAIN: none.

4.Approve changes to Р СУР KEGOC 00-200-14-СД Guide. Risk Management System

The Board of Directors decided to approve the amendments to Р СУР KEGOC 00-200-14-СД Guidelines. Risk Management System

 PRO: seven;

CON - none;

ABSTAIN: none.

5.Approve amendments to the decision of the Board of Directors of KEGOC (Minutes No.9 dated 24 August 2018)

The Board of Directors made the following decisions:

1.To withdraw Janusz Bialek from the Audit Committee, the Nomination and Remuneration Committee, the Strategic Planning and Corporate Governance Committee.

2.To elect Nurlan Akhanzaripov a chairman of the Nomination and Remuneration Committee and the Strategic Planning and Corporate Governance Committee, a member of the Audit Committee, and amend the decision of the Board of Directors of KEGOC with regard to agenda item 20 (Minutes No. 9 dated August 24, 2018) as follows:

1) item 3) clause 1 shall be read as follows:

“3) Nurlan Akhanzaripov, member of the Audit Committee

2) item 1) clause 2 shall be read as follows:

“1) Nurlan Akhanzaripov, chairman of the Nomination and Remuneration Committee.”

3) item 1) clause 3 shall be read as follows:

“1) Nurlan Akhanzaripov, chairman of the Strategic Planning and Corporate Governance Committee

 PRO: seven;

CON - none;

ABSTAIN: none.