On 31 January 2024 the Board of Directors of KEGOC held a meeting in praesentia

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, senior independent director.

3. Marat Dulkairov, member of the Board of Directors of KEGOC, independent director.

4. Damir Suyentayev, member of the Board of Directors of KEGOC, independent director.

5. Kanysh Moldabayev, member of the Board of Directors of KEGOC, representative of Samruk-Kazyna.

6. Almat Zhamiyev, member of the Board of Directors of KEGOC, representative of Samruk-Kazyna.

7. Nabi Aitzhanov, member of the Board of Directors of KEGOC, chairman of the Management Board of KEGOC.

The meeting of the Board of Directors on 31 January 2024, considered                         3 (three) question 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. Amendments to the Regulations on the Ombudsman, on the Internal Audit Service and on the Compliance Service of KEGOC.

The Board of Directors made decision:

1. To approve and put into effect from March 1, 2024 the organizational structure of the Executive Administration of KEGOC in accordance with the appendix to this decision.

2. To invalidate the Organizational Structure of the Executive Administration of KEGOC, approved by the Board of Directors (Minutes No. 13 dated November 30, 2021) from March 1, 2024.

3. The Chairman of the Management Board of KEGOC (Nabi Aitzhanov) shall take the necessary measures arising from this decision, including compliance with the labour legislation of the Republic of Kazakhstan in respect of employees whose working conditions change or whose positions are eliminated.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

2. Determining the term of office of the Compliance Officer of the Compliance Service of KEGOC.

The Board of Directors decided to determine the term of office of Compliance Officer Almas Timashev from March 1, 2024 to February 28, 2026.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

3. Сonclusion of non-arm’s length transactions by signing contracts for operation and maintenance of equipment for 2024.

The Board of Directors made decision to approve the following:

1. KEGOC, in accordance with the established procedure, to conclude non-arm’s length transactions for operation and maintenance of equipment for 2024:

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

2) between Aktyubinskiye MES branch of KEGOC and Batys Transit JSC for maintenance on the equipment of Batys Transit JSC installed at 500 kV outdoor switchgear of 500 kV Ulke SS and 500 kV Zhitikara – Ulke overhead transmission line;

3) between Sarbaiskiye MES branch of KEGOC and Batys Transit JSC for maintenance of equipment of Batys Transit JSC installed at 500 kV outdoor switchgear of 500 kV Zhitikara SS and 500 kV Zhitikara – Ulke overhead transmission line;

2. The Chairman of the Board of KEGOC (Nabi Aitzhanov) to take the necessary measures arising from this decision.

PRO: three;

CONTRA: none;

ABSTAIN: none.