On decision of KEGOC’s Board of Directors to make a major transaction

English

On 24 January 2014 the Board of Directors of Kazakhstan Electricity Grid Operating Company JSC (further – “KEGOC”) decided to make a major transaction for long-term procurement of work package, including turnkey construction, with Promstroi-Energo LLP amounting to seventy five billion one hundred and ninety seven million six hundred thousand one hundred and forty two tenge and fifty six tiyn (KZT 75,197,600,142.56) including VAT. Transaction is to be made under Construction of 500 kV OHTL Shulba HPP (Semei) – Aktogai – Taldykorgan – Alma. This decision was made in accordance with Article 22.4.16 of KEGOC’s Charter.