We contribute to the development of certain sectors of the mining and metallurgical industry of the Republic of Kazakhstan by implementing projects jointly with strategic investors

Resolutions of the Board of Directors

In-present meeting of the Board of Director of JSC NMC Tau-Ken Samruk was held on September 28, 2018, in the framework of which 4 issues on the agenda of the meeting were considered, including:

1.On appointment of Kudaibergen K. to the position of the Chief Executive Officer of JSC NMC Tau-Ken Samruk.

2.On approval of the procurement of 100% interest in the authorized capital of SARECO LLP by JSC NMC Tau-Ken Samruk.

3.On approval of the Investment Memorandum on “Industrial development of polymetallic ores at Shalkiya deposit in the Kyzylorda region with the construction of an enrichment plant” project in new edition.

4.On hypothecation of movable property and land use rights to three land plots owned by LLP JV Alaigyr to the Eurasian Development Bank in accordance with Loan Agreement No. 819 dated December 30, 2016.

In-present meeting of the Board of Director of JSC NMC Tau-Ken Samruk was held on September 04, 2018, within framework of which 13 issues of the meeting agenda were considered, including:

1.On approval of the list and methodology for calculation of the key performance indicators of JSC NMC Tau-Ken Samruk activity for 2018-2028.

2.On actualization of the Development Strategy of of the Joint-Stock Company National Mining Company Tau-Ken Samruk.

3.On approval of the Charter of ShalkiyaZinc LTD JSC in new edition.

4.On determination of the quantitative composition, term of office of the Board of Directors of ShalkiyaZinc LTD JSC, election of the Chairman of the Board of Directors and its members.

5.On the transfer of subsoil use right under the contract for the extraction of groundwater in the Vostochny section (wells No.301, 311, 331, 228) of the Alaigyr deposit in the Karaganda region into the authorized capital of LLP JV Alaigyr.

6.On determination of the position of JSC NMC Tau-Ken Samruk as the participant of Kazzing Holdings LLP on the issues related to the competence of the general meeting of the participants Kazzing Holdings LLP.

7.On approval of the extension of the Trust Management Agreement between Kazzing Holdings LLP and Logic Business LLP, Logic Invest Capital LLP, DANA Investment House LLP, concluded on October 2, 2014.

8.On approval of the Action Plan for reaching the designed capacity of the refinery of Tau-Ken Altyn LLP.

9.On approval of the Regulations on the Compliance Officer of JSC NGK Tau-Ken Samruk.

10.On consideration of the Report on the fulfillment of expectations of JSC NMC Tau-Ken Samruk Sole Shareholder for the Q2 2018.

11.Consideration of the Consolidated Report on monitoring the implementation of JSC NMC Tau-Ken Samruk investment projects for H1 2018.

12.Consideration of the Report on Transparency and Efficiency of the Information Disclosure Processes in JSC NMC Tau-Ken Samruk for H1 2018.

13.On implementation of amendments to the composition of Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on 28 June, 2018, within the framework of which 21 issues on the agenda of the meeting were considered, among them:

1.Approval of the Consolidated Annual Report of the Joint Stock Company National Mining Company Tau-Ken Samruk for 2017.

2.On some issues of LLP JV Alaigyr.

3.On approval of the Charter of Silicon Mining LLP, Tau-Ken Altyn LLP, Tau-Ken Temir LLP in new edition.

4.On determining the position of JSC NMC Tau-Ken Samruk as a participant of Masalsky Mining and Processing Plant LLP on matters related to the competence of the general meeting of participants of Masalsky Mining and Processing Plant LLP.

5.Early termination of the Contracts “Exploration of copper, lead, barite in Tuyuk-Temirlik ore district in Almaty oblast #4196-TPI dated March 27, 2013 and “Extraction of barite-polymetallic ores and silver at Tuyuk field in Almaty region #4796- TPI dated March 4, 2016.

6.On approval of the overall number and organizational structure of JSC NMC Tau-Ken Samruk.

7.On approval of the descriptions of the positions of CEO-1 level of JSC NMC Tau-Ken Samruk, position assessment (grades) and official salary chart for Members of the Management Board of JSC NMC Tau-Ken Samruk.

8.On quantitative composition of the Management Board of JSC NMC Tau-Ken Samrukand re-electionof Members of the Management Board of JSC NMC Tau-Ken Samruk.

9.On approval of the motivational indicators of activity for Members of the Management Board of JSC NMC Tau-Ken Samruk for 2018 and their target values for 2018.

10.On approval of the position assessment (grades) and official salary chart for Compliance Officer of JSC NMC Tau-Ken Samruk.

11.On consideration of the candidate for the position of the Compliance Officer of JSC NMC Tau-Ken Samruk.

12.On some issues of Tau-Ken Temir LLP.

13.On re-election of the Executive Body of Logic Business LLP, Logic Invest Capital LLP, DANA Investment House LLP.

14.On amending and changing the compositions of the Supervisory Boards of subsidiaries of JSC NMC Tau-Ken Samruk (Tau-Ken Altyn LLP, Tau-Ken Temir LLP, Silicon Mining LLP, LLP JV Alaigyr, Severny Katpar LLP)

15.On pledging real estate owned by LLP JV Alaigyr in compliance with Loan Agreement #819 dated December 30, 2016.

16.On approval of the Risk Report of JSC NMC Tau-Ken Samrukfor 3rd quarter of 2017.

17.On approval of the Risk Report of JSC NMC Tau-Ken Samrukfor 2017

18.On approval of the additional limits on bank-counterparts.

19.On approval of the Action Plan for Modernization of the Corporate Management System of JSC NMC Tau-Ken Samruk for 2018-2020.

20.Consideration of the Report on implementation of the Middle-term Budget of Tau-Ken Altyn LLP for 5 months of 2018.

21.Ongiving consent to the taking position of the Member of the Board of Directors of JSC NAC Kazatomprom as a representative of interests of Samruk-Kazyna JSC by the Member of the Management Board of JSC NMC Tau-Ken Samruk Kudaibergen K.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on June 06, 2018, within the framework of which 12 issues on the agenda of the meeting were considered, among them:

1.On amending the composition of the Management Board JSC NMC Tau-Ken Samruk.

2.On determination of the quantitative composition, term of officeof the Board of Directorsof ShalkiyaZunc LTD JSC, election of the Chairman of the Board of Directorsand its members.

3.Ondetermination of the position of JSC NMC Tau-Ken Samruk as the participant of Kazzinc Holdings LLP on issues of the activities referred to the competence of the general meeting of the participants of Kazzinc Holdings LLP.

4.Consideration Report on implementationof the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2018-2022 for Q1 of 2018.

5.On amending the Charter of Shokpar - Gagarinskoye LLP.

6.Consideration of the Consolidated Report on monitoring the investment projects implementation of JSC NMC Tau-Ken Samruk for Q1 of 2018.

7.Consideration of the candidates for the vacant position of the Senior Auditor of the Internal Audit Service of JSC NMC Tau-Ken Samruk.

8.Assessment of the activity of the Internal Audit Service of JSC NMC Tau-Ken Samrukand its CEO for 2017.

9.Consideration of the Report on activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk for Q1 2018.

10.On status of the implementing project “Preparatory works and launching the plant for production of metallurgic silicon in Karaganda oblast”.

11.Assessment of the activity of the members of the Management Board of JSC NMC Tau-Ken Samruk for 2017 based on KPI implementing.

12.On consideration of the long-term expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for 2018-2028 of JSC NMC Tau-Ken Samruk.

In-absentia meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on May 22, 2018, within the framework of which 12 issues on the agenda of the meeting were considered, among them:

1.Consideration of the Annual Report of the Board of Directors of JSC NMC Tau-Ken Samruk for 2017.

2.On approval of the Regulations on assessment of the activityof the Board of Directorsand its Committees , Chairman, members of the Board of Directorsand Corporate Secretary of JSC NMC Tau-Ken Samruk.

3.On consideration of the Report on implementation of the Action Plan for the implementation of the Corporate Governance Code of JSC NMC Tau-Ken Samruk for 2016-2018 for 2017.

4.On consideration of the Report on implementation of the Action Plan for the implementation of the Corporate Governance Code of JSC NMC Tau-Ken Samruk for 2016-2018 for Q1 2018.

5.Consideration of the Report on transparency and effectiveness of information disclosure processes of JSC NMC Tau-Ken Samruk for Q2 of 2017.

6.On consideration of the Report on implementation of expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for 2017.

7.Consideration of the Report on implementation of expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for Q1 of 2018.

8.On approval of additional limits on banks-counterparties.

9.Consideration of the Consolidated Report on monitoring the investment projects implementation of JSC NMC Tau-Ken Samruk for 12 months of 2017.

10.Consideration of the draft adjustments of the Annual budget for 2018 and Middle-term budget for 2018-2022 of Masalsky MPP LLP.

11.On consideration of the Report on compliance / non-compliance with the principles and provisions provided for by the Corporate Governance Code of JSC NMC Tau-Ken Samruk for 2017.

12.Consideration of the Report on activityof the Corporate Secretary of JSC NMC Tau-Ken Samruk for Q1 2018.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on May 03, 2018, within the framework of which 12 issues on the agenda of the meeting were considered, among them:

1.On election of the Senior Independent Director of JSC NMC Tau-Ken Samruk.

2.Consideration of the Report on implementation of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2017-2021 for 2017.

3.Preliminary approval of the annual financial reporting of JSC NMC Tau-Ken Samruk for 2017 and its submission for consideration and approval by the Sole Shareholder, as well as the procedure for distributing net income for 2017 and amount of dividend to the Sole Shareholder per one common share.

4.On adjusting the Charter of Severny Katpar LLP.

5.On appointment of the Ombudsman of JSC NMC Tau-Ken Samruk.

6.Consideration of the Report on activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk for Q4 of 2017.

7.Assessment of the activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its CEO for Q4 of 2017.

8.Consideration of the Report on activity of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2017.

9.Consideration of key performance indicators of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its CEO for 2018.

10.Consideration of the Annual Audit Plan of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2018.

11.On consideration of the Budget of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2018.

12.On pledging real estate owned by LLP JV Alaigyr in compliance with Loan Agreement #819 dated December 30, 2016.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on April 23, 2018, within the framework of which 2 issues on the agenda of the meeting were considered, among them:

1.On determination of the quantitative composition, term of office of the Management Board of JSC NMC Tau-Ken Samruk, election of its CEO and members.

2.On election of the member of the Committees of the Board of Directors of JSC NMC Tau-Ken Samruk.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on January 29, 2018, within the framework of which 8 issues on the agenda of the meeting were considered, among them:

1. Consideration of the information on transactions in settlement of which the Company has an interest.

2. Extension of the Contracts for the exploration of auriferous ores at Gagarin deposit in Zhambyl region dated December 27, 2013 No. 4323-TPI and for the exploration of auriferous ores at Shokpar deposit in Zhambyl region dated January 14, 2014 No. 4333-TPI.

3. Introduction of amendments to the Charter of “Shokpar-Gagarin” LLP.

4. Approval of the main parameters of the portfolio of “NMC “Tau-Ken Samruk” JSC in a new version.

5. Consideration of the Report on the activities of the Corporate Secretary of “NMC “Tau-Ken Samruk” JSC for the 4th quarter of 2017.

6. Approval of the labor remuneration and bonuses awarding to the employees regulations of “National Mining Company “Tau-Ken Samruk” JSC in a new version.

7. Election of the executive body of “Logic Business” LLP, “Logic Invest Capital” LLP, “DANA” Investment House” LLP

8. The Chief Director on the management of operating assets of “Tau-Ken Samruk” JSC.

Resolutions of 2017

Resolutions of 2016

Resolutions for 2015

Resolutions of 2014

Resolutions of 2013