Extract from Minutes No.48/12 dated 20 November 2012


On 20 November 2012 a meeting in absentia of the Management Board of Samruk-Kazyna Sovereign Wealth Fund (Minutes No. 48/12) was held, the following decisions were taken at the meeting:

1. Approve changes and amendments to KEGOC's Charter;

2. Bakytzhan Kazhiyev, the Chairman of the Management Board, shall sign the new revision of KEGOC's Charter and take other actions arising from this decision.

3. In accordance with Article 35 of the Law of the Republic of Kazakhstan 'On Joint Stock Companies', this decision shall be considered as the decision of KEGOC's Sole Shareholder.