Development of mining and metals sector in the Republic of Kazakhstan by successful implementation of investment projects and efficient operation of priority solid minerals assets based on sustainable development principles

DIVIDENDS

The Dividend Policy of the Joint-Stock Company «National Mining Company «Tau-Ken Samruk» was developed with respect to the subsidiaries for 2011-2013, in accordance with the Dividend Policy of JSC «Samruk-Kazyna»in relation to the subsidiaries for 2009-2013, was approved by the decision of the Management Board of JSC «Samruk-Kazyna», dated July 30, 2009, Protocol №72/09.

The Dividend Policy establishes the basis of relations of «Tau-Ken Samruk» NMC» JSC with legal entities, over fifty percent of the voting shares (stakes) are owned by «Tau-Ken Samruk» NMC» JSC on the right of property or trust management (hereinafter - the Company) on issues of payment of dividends stakes owned by «Tau-Ken Samruk» NMC» JSC or the distribution of net income from operations of limited liability partnerships, the share in the authorized capital of which belong to «Tau-Ken Samruk» NMC» JSC.

Basics of relationships are developed taking into account the distribution and reinvestment of net income on the basis of the approved long-term development strategies, as well as the proposals of management bodies of Joint Stock companies (Board of Directors) and Executive bodies of limited liability partnerships (sole or collegiate) of Companies in the framework of the stocktaking the financial and economic activities. On the basis of this Dividend Policy the Companies develop and approve in the established procedure the documents, governing the relationship with the subsidiaries and dependent organizations, except for non-profit organizations.

Information regarding the shares of the company and dividends paid by the Company:

On 18th May 2018 «Tau-Ken Samruk» NMC» JSC has completed the payment of dividends declared.

1)Total sum of the dividends declared to the sole shareholder – 45 000 000 000 (forty five billion tenge);

2)Total sum of the dividends paid to the sole shareholder – 45 000 000 000 (forty five billion tenge);

3)The period dividends were paid for - 2017

ANNOUNCEMENT BY «TAU-KEN SAMRUK» NMC» JSC

According to the article 23 of the RK Law «Regarding Joint-stock companies», «Tau-Ken Samruk» NMC» JSC informs that sole shareholder of the Company - JSC «Samruk-Kazyna» on 14th of May 2018 has concluded to pay dividends on common shares of the company for the financial year endeed 31/12/2017.

1)«Tau-Ken Samruk» NMC» JSC

Address: Republic of Kazakhstan, postcode 010000, Astana, Yessil district, Konaev str. 8, building B;

Bank details: BIN090240000101, IIK KZ696010111000044877, BIK/SWIFT HSBKKZKX, Halyk Savings Bank of Kazakhstan JSC;

2) period dividends paid for – 2017;

3) dividends per common share – 153 642 (one hundred fifty three thousand, six hundred forty two) tenge 87 (eighty seven) tiyn;

4) starting date of payments of the dividends – 18th of May 2018;

5) procedure and form of payment of dividends – funds will be transferred to the bank account of the Sole Shareholder.

Information on dividends for 2010

In accordance with the Protocol of the meeting in absentia of the Management Board of «Samruk-Kazyna» №29/11, dated June 27, 2011, in connection with the loss of «Tau-Ken Samruk» NMC» JSC on the results of 2010, the Management Board of JSC «Samruk-Kazyna» decided not to accrue or pay dividends on ordinary shares of «Tau-Ken Samruk» NMC» JSC as a result of 2010.

The planned loss is caused by the lack of income from operations as a result of the initial stage of implementation of investment projects of «Tau-Ken Samruk» NMC» JSC.

Information on dividends for 2011

In accordance with the Protocol of the meeting in presentia of the Management Board of JSC «Samruk-Kazyna» №26/12, dated June 12, 2012, in connection with the loss of «Tau-Ken Samruk» NMC» JSC

on the results of 2011, the Management Board of JSC «Samruk-Kazyna» decided not to accrue or pay dividends on ordinary shares of «Tau-Ken Samruk» NMC» JSC as a result of 2011.

Information on dividends for 2012

In accordance with the Protocol of the meeting in presentia of the Management Board of JSC «Samruk-Kazyna» №32/13, dated June 17, 2013, in connection with the loss of «Tau-Ken Samruk» NMC» JSC on the results of 2012, the Management Board of JSC «Samruk-Kazyna» decided not to accrue or pay dividends on ordinary shares of «Tau-Ken Samruk» NMC» JSC as a result of 2012.

Information on dividends for 2013

In accordance with the Protocol of the meeting in absentia of the Management Board of «Samruk-Kazyna» №26/14, dated May 29, 2014, in connection with the receipt of net income according to the results of operations for 2013, the Management Board of JSC «Samruk-Kazyna» decided to pay 15% of the consolidated net income in the amount of 250,457,700 (two hundred and fifty million, four hundred fifty-seven thousand and seven hundred) KZ Tenge to the Sole Shareholder of the Company.

Information on dividends for 2014

In accordance with the resolution of the Management Board of JSC «Sovereign Wealth Fund «Samruk-Kazyna», dated 26.06.2015 (Minutes №28/15), in connection with receiving net income according to the operations results for 2014, the Management Board of JSC «Samruk-Kazyna» decided to pay dividends - 15% of the consolidated net income of 22,066,650 (twenty two million sixty-six thousand six hundred and fifty) KZT to the Sole Shareholder of «Tau-Ken Samruk» NMC» JSC.

Information on dividends for 2015

In accordance with the Protocol of the meeting in presentia of the Management Board of JSC «Samruk-Kazyna» №16/16, dated May 16, 2016, in connection with the loss of «Tau-Ken Samruk» NMC» JSC on the results of 2015, the Management Board of JSC «Samruk-Kazyna» decided not to accrue or pay dividends on ordinary shares of «Tau-Ken Samruk» NMC» JSC as a result of 2015.
Information on dividends for 2016
In accordance with the decision of the Board of JSC "National Welfare Fund" Samruk-Kazyna" №22/17, dated July 24, 2017, the Management Board of "Samruk-Kazyna" JSC, in connection with the receipt of net income according to the results of operations for 2016, the Management Board of JSC «Samruk-Kazyna» decided to pay 15% of the consolidated net income in the amount of 5,617,478,100 (five billion six hundred seventeen million four hundred and seventy-eight thousand one hundred tenge) KZ Tenge to the Sole Shareholder of «Tau-Ken Samruk» NMC» JSC.

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