Extract from Minutes No. 40/12 dated 16 October 2012


In accordance with Decision of the Management Board of National Welfare Fund Samruk-Kazyna No. 40/12 dated 16 October 2012 made at the meeting (in absentia), it was assigned to approve the enclosed Guidelines for elaboration, monitoring and updating of Samruk-Kazyna’s companies’ development strategies; Samruk-Kazyna’s representatives from the boards of directors/supervisory boards of Samruk-Kazyna’s companies shall submit the Companies’ strategies updated/elaborated in accordance with the Guidelines for consideration by the Companies’ boards of directors/supervisory boards.

The updated version of KEGOC strategy shall be submitted during January –March 2013.

N. Rakhmetov, Managing Director, member of the Management Board and E. Mami, Head of Strategic Development Department shall explore the issue relating to amendments and (or) addenda to the Rules for the development, coordination, approval, correction, implementation and monitoring of implementation of the Development Plans for Samruk-Kazyna subsidiaries approved by decision of the Samruk-Kazyna Management Board dated 19 July 2011 (Minutes No. 33/11) to interrelate them with the Guidelines.