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

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 15 December 2020, 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). The information these agenda item is given below.

           1.  Approval of the total manning level of KEGOC's Executive Administration (head office).

The Board of Directors made the following decisions:

1.  Approve the overall number of employees in KEGOC's Executive Administration totalling to 364 employees.

2.  Nullify item 2 of the decision of KEGOC's Board of Directors (Minutes No. 6 dated 19 June 2020) on approval of the organizational structure and total number of employees of KEGOC's Executive Administration.

3.  Items 1 and 2 of this decision shall enter into force on 1 July 2021.

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.  Conclusion of a non-arm’s length transaction

The Board of Directors made the following decisions

1.  Conclude a non-arm’s length transaction between KEGOC JSC and ForteBank JSC to open a credit line in the amount of USD 8.3 million with an interest rate of 0.75% per annum and a total transaction amount not exceeding USD 133 thousand with the aim to issue bank guarantees for 2021-2022.

2.  Bakytzhan Kazhiyev, the Chairman of the Management Board of KEGOC, shall take measures arising out of this decision under the established procedure.

PRO: seven;

CONTRA: none;

ABSTAIN: none.