The meeting of the Board of Directors of KEGOC was attended by:

1.   Nurlan Zhakupov, 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 9 September 2025, 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).

1. The preliminary approval of the financial statements of KEGOC for the six months ended June 30, 2025, the proposal on the distribution of net income of KEGOC and the amount of the dividend per common share of KEGOC JSC for the first half of 2025.

The Board of Directors made the following decision:

1. To pre-approve the attached financial statements (consolidated and separate) of KEGOC for the six months ended June 30, 2025, in accordance with appendices 1-2 to this decision.

2. To submit for consideration by the General Meeting of Shareholders of KEGOC the issue “On approval of the financial statements of KEGOC JSC for the six months ended June 30, 2025, the procedure for distributing net income, deciding on the payment of dividends on common shares and approving the amount of the dividend per common share of KEGOC JSC for the first half of 2025.”

3. To propose to the General Meeting of Shareholders of KEGOC:

- distribute 65.0077835763733% of net income for the first half of 2025 in the amount of KZT 22,271,181,695.20 (twenty-two billion two hundred and seventy-one million one hundred and eighty-one thousand six hundred and ninety-five tenge 20 tiyn) to all holders of ordinary shares of KEGOC JSC, which per ordinary share will amount to KZT 80.90 (eighty tenge 90 tiyn);

- the remaining amount in the amount of KZT 11,988,072,304.80 (eleven billion nine hundred eighty-eight million seventy-two thousand three hundred four tenge 80 tiyn), amounting to 35.9922164236267% of the net income of KEGOC JSC for the first half of 2025, should be left at the disposal of KEGOC for development.

4. To propose to the General Meeting of Shareholders of KEGOC:

- to fix the list of shareholders of KEGOC entitled to receive dividends on ordinary shares of KEGOC for the first half of 2025 at 00:00 on October 28, 2025;

- determine the date of commencement of payment of dividends on ordinary shares of KEGOC for the first half of 2025 on November 10, 2025.

5. Chairman of the Management Board of KEGOC (Nabi Aitzhanov) to take appropriate measures arising from this decision.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

2. Convening of an extraordinary meeting of shareholders of KEGOC JSC

The Board of Directors made the following decision:

1. To convene an extraordinary General Meeting of Shareholders of KEGOC on October 20, 2025 at 11:30 a.m. at the address: 59 Tauyelsizdik avenue, Almaty district, city of Astana.

2. Determine the date of the repeated extraordinary General Meeting of Shareholders of KEGOC (in case of absence of a quorum at the first meeting of the extraordinary General Meeting of Shareholders of KEGOC) as October 21, 2025 at 11:30 a.m. at the address specified in paragraph 1 of this decision.

3. To include the following items in the agenda of the meeting of the Extraordinary General Meeting of Shareholders of KEGOC:

- “Amendments to the Charter of KEGOC”;

- “Approval of the financial statements of KEGOC JSC for the six months ended June 30, 2025, the procedure for distributing net income, making a decision on the payment of dividends on common shares and approving the amount of the dividend per common share of KEGOC for the first half of 2025”.

4. Determine the date of drawing up the list of shareholders entitled to participate in the extraordinary General Meeting of Shareholders as September 24, 2025.

5. The Chairman of the Management Board of KEGOC (Nabi Aitzhanov) to take appropriate measures arising from this decision.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

3. Approval of amendments to the Charter of KEGOC JSC.

The Board of Directors made the following decision:

1. To approve and submit for consideration by the General Meeting of Shareholders of KEGOC the agenda item: “Amendments to the Charter of KEGOC”, according to the appendix to this decision.

2. Chairman of the Management Board of KEGOC (Nabi Aitzhanov) to take the necessary measures related to the implementation of this decision.

PRO: seven;

CONTRA: none;

ABSTAIN: none.

4. Taking note of the Report on the implementation of major investment projects for Q2 2025.

The Board of Directors decided to take note of the Report on the implementation of major investment projects of KEGOC JSC for Q2 2025.

PRO: seven;

CONTRA: none;

ABSTAIN: none.