The meeting of the Company’s Board of Directors in presentia took place on 28 November 2013

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The meeting of the Company’s Board of Directors in presentia took place on 28 November 2013. During this meeting the following decisions were made relating to the agenda issues:

  1. The Board made a decision to assess the activities of the Company, the Board of Directors, the Committees under the Board of Directors, several members of the Management Board, Internal Audit Service at KEGOC.
  2. The Board approved the Regulations on Ombudsman for Kazakhstan Electricity Grid Operating Company (KEGOC) JSC.
  3. The Board made a decision to pay bonuses to the KEGOC Corporate Secretary based on the work results for the 3rd quarter 2013.
  4. The Board approved the KEGOC Succession Plan.
  5. The Board made a decision to approve the Organisational structure and total employment of the KEGOC Executive Administration (central office) on 1 January 2014.
  6. The Board made a decision to approve the KEGOC intermediate financial statements for nine (9) months 2013.
  7. The Board took note of the Performance report of KEGOC Development Plan based on the results for nine (9) months 2013.
  8. The Board took note of the motivational KPIs achieved by KEGOC executive employees for nine (9) months 2013.
  9. The Board approved the KEGOC Development Plan for 2014-2018.
  10. The Board approved the Report on made material transactions and non arm’s length transactions of KEGOC in for the 3rd quarter 2013.
  11. The Board made a decision to conclude a non arm’s length transaction of KEGOC.
  12. The Board made a decision to conclude a non arm’s length transaction of KEGOC, for providing services on electricity transmission across Batys Tranzit networks.
  13. The Board approved the corporate standard СТ KEGOC 00-406-13 KEGOC Policy for External Audit as amended.
  14. The Board approved the Risk Report for the 3rd quarter 2013 and amendments to the Risk Register and Risk Map for 2013.
  15. The Board approved amendments and addenda to the EnergoInform Charter.
  16. The Board approved amendments and addenda to the KEGOC Innovation and Technology Strategy extending to 2025.
  17. The Board approved the limit for balance sheet and off-balance sheet liabilities for AsiaCredit Bank JSC.
  18. The Board made a decision to determine an audit company to audit Batys Transit financial statements for 2013.
  19. The Board took note of the Report on Activity of KEGOC Internal Audit Service for the 3rd quarter 2013, Report on Assessment of KEGOC corporate risk management system efficiency and approved bonus payment ratios for the Service’s employees based on the results of the 3rd quarter 2013.