On 2 November 2018 KEGOC held a meeting in preasentia of KEGOC's Board of Directors

English

                      KEGOC's Board of Directors' meeting was attended by:

1.  Almassadam Satkaliyev - Chairman of the Board of Directors of KEGOC, Managing Director, Head of Asset Management Directorateof Samruk-Kazyna.

2.  Suinshlik Tiyessov, representative of Samruk-Kazyna, member of KEGOC's Board of Directors.

3.  Zhanna Yegimbayeva, representative of Samruk-Kazyna, member of KEGOC's Board of Directors.

4.  Dominique Fache, member of the Board of Directors at Sophia-Antipolis Science Park, Chairman of RTF Board of Directors, Independent Director.

5.  Janusz Bialek, Director of the Skoltech Research Centre for Energy Systems, Independent Director.

6.  Yermek Kudabaev, independent director, Managing Director for Economy and Finance of Intelligent Consulting Solutions LLP

7.  Bakytzhan Kazhiyev, Chairman of the Management Board, KEGOC.

 

The Board of Directors' meeting on 2 November 2018 considered nine issues.

The information below is disclosed in accordance with the List of information to be disclosed to the shareholders and investors with regard to the decisions made by the Board of Directors of KEGOC (the list was approved by the Board of Directors on 13 July 2017, Minutes No. 6).

1.  Amendments to the List of issues that shall be decided by the Board of Directors and do not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC.

The Board of Directors decided to:

Amendments to the List of issues that shall be decided by the Board of Directors and do not refer to the exclusive competence of the General Meeting of Shareholders of KEGOC approved by the decision of the Board of Directors of KEGOC (Minutes No. 5 dated 16 June 2017):

state items 33, 34, 35 to read as follows:

'33. Determine the amount of the official salary of the Compliance Officer and the Ombudsman.

34. Make a decision on payment of bonuses to the Compliance Officer and the Ombudsman.

35. Approve the key performance indicators and their target values for the Compliance Officer (as recommended by the Audit Committee under the Board of Directors) and the Ombudsman (as recommended by the Nomination and Remuneration Committee under the Board of Directors).'

PRO - seven;

CON - none;

ABSTAIN - none.

 

2.Appoint KEGOC's Ombudsman and determine his/her salary.

The Board of Directors decided to:

1.Appoint Rishat Rakhimov to the position of Ombudsman of KEGOC from 15 November 2018 to 14 November 2020.

2.Determine the term of office of Rishat Rakhimov, Ombudsman of KEGOC, as two (2) years.

3.Determine the official salary for R. Rakhimov, KEGOC's Ombudsman, in accordance with the Administrative Salary Scheme for Administrative and Management Employees (except for senior officials, employees of the Internal Audit Service and Corporate Secretary) of KEGOC approved by the decision of the Management Board of KEGOC (Minutes No.4 dated 28 February 2017).

PRO - seven;

CON - none;

ABSTAIN - none.