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.   Miras Kiyakov, 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 28 February 2025, 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).

1. Amendments to the decision of the Board of Directors of KEGOC JSC dated May 31, 2023 (Protocol No. 5) on the issue of "Approval of key parameters and making a decision on the transition to "Definition" and "Implementation" stages of the project "South Kazakhstan Electricity Transmission Reinforcement Project. Construction of Power Grid Facilities".

The Board of Directors made the following decision:

1. Make the following amendment to paragraph 1 of the decision of the Board of Directors KEGOC JSC dated May 31, 2023 (Protocol No. 5) on the issue of «Approval of key parameters and making a decision on the transition to «Definition» and «Implementation» stages of the project «South Kazakhstan Electricity Transmission Reinforcement Project. Construction of Power Grid Facilities»:

row 7 of the table «Key project parameters» should be amended in accordance with the appendix to this decision.

2. Paragraph 1 of this decision shall enter into force upon receipt of the consent of the bondholders of KEGOC JSC on the agenda item of the General Meeting of Bondholders of KEGOC JSC «Amendments to the prospectus of the second bond issue of the second bond programme of KEGOC JSC».

PRO: seven;

CONTRA: none;

ABSTAIN: none.

2. On taking note of the Report on the implementation of major investment projects for Q4 2024.

The Board of Directors decided to take note of the Report on the implementation of major investment projects of KEGOC JSC for Q4 2024.

PRO: seven;

CONTRA: none;

ABSTAIN: none.