Extract from Minutes No. 21/12 dated 8 May 2012

English

According to Decision of NWF Samruk-Kazyna Management Board No. 21/12 dated 8 May 2012 made at the meeting (in presentia), the quantitative composition and term of office was determined; members of the Board of Directors were elected and amounts and conditions for payment of remuneration to the members of KEGOC Board of Directors were specified as well.

The membership of KEGOC Board of Directors was determined as six (6) members.

The following members were elected to KEGOC Board of Directors:

 1) Kuanysh Bektemirov – Managing Director of Samruk-Kazyna, member of the Board of Directors;

2) Gumarbek Daukeyev – Independent Director, member of the Board of Directors;

3) Anatoly Spitsyn – Independent Director, member of the Board of Directors;     

4) Luka Sutera – Independent Director, member of the Board of Directors;

5) Almassadam Satkaliyev – Chairman of Samruk-Energo Management Board, representative of the Shareholder;

6) Bakytzhan Kazhiyev – Chairman of KEGOC Management Board.

K. Bektemirov, Managing Director of Samruk-Kazyna, was elected Chairman of KEGOC Board of Directors.  

The term of office of KEGOC Board of Directors was specified as three (3) years.

The procedure and conditions for payment of remuneration and compensation for expenses to KEGOC Independent Directors were determined in accordance with the Rules for Payment of Remuneration and Compensation for Expenses of Independent Directors of Samruk-Kazyna companies approved by the decision of Samruk-Kazyna Management Board (Minutes No. 55/09 dated 22 May 2009).