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National Managing
Holding "Baiterek"

Structure of authorized capital

Number, type of registered (announced) shares - 5,000,086,550 (five billion eighty six thousand five hundred and fifty) ordinary shares.

Number of announced, but not outstanding shares - 4,153,867,838 (four billion one hundred and fifty-three million eight hundred sixty-seven thousand eight hundred and thirty-eight) ordinary shares.

Number of outstanding shares is 846,218,712 (eight hundred forty six million two hundred eighteen thousand seven hundred and twelve) common shares.

Nominal value of one share (if paid by the founders) - 1,000 (one thousand) KZT.

Shareholders:

The sole shareholder of the Holding is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Republic of Kazakhstan.

The rights of ownership and use of the state-owned stock of shares of the Holding were transferred to the Ministry of Industry and New Technologies of the Republic of Kazakhstan on June 26, 2013. In accordance with the Decree of the President of the Republic of Kazakhstan dated August 6, 2014 No. 875 "On the reform of the system of public administration of the Republic of Kazakhstan," the functions of the Ministry of Industry and New Technologies of the Republic of Kazakhstan were transferred to the newly formed Ministry of Investment and Development of the Republic of Kazakhstan, which is the legal successor of the abolished Ministry. Thus, the Ministry of Investments and Development of the Republic of Kazakhstan takes decisions on the issues attributed by the legislation and the Holding's Charter to the competence of the Sole Shareholder and executed by the orders of the authorized persons of the Ministry of Investments and Development of the Republic of Kazakhstan.

The shares of the Holding are the exclusive property of the state and not subject to alienation.

Rights granted by shares:

1) the right to take decisions on all the issues placed for consideration to the Sole Shareholder in accordance with the Laws "On State Property" and "On Joint Stock Companies";

2) the right to receive dividends if the Holding has a net income;

3) the right to receive the Holding's property upon its liquidation in accordance with the procedure established by the legislation of the Republic of Kazakhstan.