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

5.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.

6.Zhanbota Bekenov, 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 September 2020, considered 4 (four) 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.Preliminary approval of the interim financial statements of KEGOC as of and for the six months ended 30 June 2020, and the proposal regarding the distribution of KEGOC’s net income and the amount of dividend per ordinary share of KEGOC for the first half of 2020

The Board of Directors made the following decisions:

1.Approve the financial statements of KEGOC as of and for six months ended on 30 June 2020.

2.Submit for approval by the General Meeting of Shareholders of KEGOC the financial statements of KEGOC as of and for the six months ended 30 June 2020, the procedure for the distribution of KEGOC’s net income, the decision to pay the dividends on ordinary shares, and approval of the amount of dividend per one ordinary share of KEGOC for the first half of 2020.

3.Propose to the general meeting of shareholders of KEGOC to allocate 70.0035755503852% of net income for H1 2020 in the amount of KZT 20,043,292,844.90 (twenty billion forty three million two hundred ninety two thousand eight hundred forty four tenge 90 tiyn) to all holders of ordinary shares of KEGOC, which will make KZT 77.09 (seventy seven tenge 09 tiyn) per one ordinary share.

4.Mr Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take the necessary measures to implement this decision. 

PRO - seven;

CONTRA: none;

ABSTAIN: none.

2.Approval of the new revision of KEGOC's Accounting Policy.

The Board of Directors made the following decisions:

1.Approve KEGOC Accounting Policy.

2.Abrogate KEGOC's Accounting Policy approved by KEGOC Board of Directors on 25 March 2016 (Minutes No.3).

3. Extend the validity of items 1 and 2 of this decision to the legal relationship the emerged on 1 January 2019 and thereafter.

4.Mr Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take the necessary measures to implement this decision. 

PRO: seven;

CONTRA: none;

ABSTAIN: none.

3.Convocation of an extraordinary General Meeting of KEGOC's Shareholders with the mixed form of voting.

The Board of Directors made the following decisions:

1.Call the extraordinary General Meeting of Shareholders of KEGOC using mixed voting on 23 October 2020 at 11.30 am at the address: 59, Tauyelsizdik Ave., Almaty district, city of Nur-Sultan.

2.Call the repeated extraordinary General Meeting of Shareholders of KEGOC (if there is no quorum at the first extraordinary General Meeting of Shareholders of KEGOC) on 26 October 2020 on 11.30 at the address specified in paragraph 1 of this decision.

3.Include in the agenda to the extraordinary General Meeting of Shareholders the following items:

1) Approval of the financial statements of KEGOC as of and for the six months ended June 30, 2020, the procedure for distributing the net income, decision to pay dividends on ordinary shares and approval of the amount of dividend per one ordinary share of KEGOC for H1 2020;

2) Approval of amendments to the Charter of KEGOC.

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

PRO: seven;

CONTRA: none;

ABSTAIN: none.

4.Consideration of the performance report of Mr. Rishat Rakhimov the Ombudsman of KEGOC for the period from 15 November 2018 to 15 September 2020, as well as determination of the term of office and the size of the official salary of the Ombudsman of KEGOC JSC.

The Board of Directors made the following decisions:

1.To take into consideration the the performance report of Mr. Rishat Rakhimov the Ombudsman of KEGOC for the period from 15 November 2018 to 15 September 2020

2. Appoint Rishat Rakhimov to the position of Ombudsman of KEGOC from 15 November 2020 to 14 November 2022.

3.Determine the salary for Mr. Rishat Rakhimov the Ombudsman of KEGOC, in accordance with the established grade and the Salary Scheme of the Corporate Secretary, Compliance Officer, Ombudsman and employees of the Internal Audit Service of KEGOC approved by the decision of the Board of Directors of KEGOC dated 19 June 2020 (Minutes No. 6), in the amount of 564 600 (five hundred sixty-four thousand six hundred tenge). 

PRO: seven;

CONTRA: none;

ABSTAIN: none.