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 Directors of “Tau-Ken Samruk” NMC JSC was held on July 26, 2019, within framework of which 25 issues have been considered:

1.Consideration of the annual Report of the Board of Directors of “Tau-Ken Samruk” NMC JSC for 2018.

2.Approval of the consolidated Annual Report of “Tau-Ken Samruk” NMC JSC for 2018.

3.On the placement of the authorized shares of “Tau-Ken Samruk” NMC JSC.

4.On determination of the position of “Tau-Ken Samruk” NMC JSC as a trust manager from a shareholder of “Samruk-Kazyna Invest” LLP in “Tin One Mining” JSC on the issues on the activity falling to the competence of the general meeting of participants of“Tin One Mining” JSC.

5.On amendments to the Charter of JV “Tau-Ken Project” LLP.

6.On alteration of the authorized share capital and amendments to the Charter of JV “Alaigyr ”LLP.

7.On approval of Regulations on the management of subsidiaries and affiliates of “Tau-Ken Samruk” NMC JSCin new edition.

8.Concerning the introduction of amendments and additions to the Action Plan on improvement of corporate governance of “Tau-Ken Samruk” NMC JSC for 2019-2020 based on the results of an independent assessment.

9.On approval of the Strategic Plan of the Internal Audit Service of “Tau-Ken Samruk” NMC JSC for 2019-2021.

10.Consideration of the Appeal of Aghamyan DS - Managing Director, Chief Engineering Officer of “ShalkiyaZinc LTD” JSC.

11.Consideration of the Performance report of the Internal Audit Service of “Tau-Ken Samruk” NMC JSC for the 1st half of 2019 (Q1, Q2).

12.Performance evaluation of the Internal Audit Service of “Tau-Ken Samruk” NMC JSC and its Head for the 1st half of 2019 (Q1, Q2).

13.Consideration of nominees for the vacant position of the Auditor of the Internal Audit Service of “Tau-Ken Samruk” NMC JSC.

14.On approval of Initiative Information Policy of “Tau-Ken Samruk” NMC JSC in new edition.

15.Consideration of the Action Plan on Corruption Risk Management in “Tau-Ken Samruk” NMC JSC and its subsidiaries for 2019.

16.Consideration of the Performance Report of the Compliance Officer of “Tau-Ken Samruk” NMC JSC for the Q2 2019.

17.On the appointment of a Member of the Management Board of “Tau-Ken Samruk” NMC JSC.

18.On approval of motivational key performance indicators and their target values for 2019 of the Chief Business Director of “Tau-Ken Samruk” NMC JSC.

19.On approval of the Code of Business Ethics of “Tau-Ken Samruk” NMC JSC in a new edition.

20.On change of composition of the Supervisory Board of JV “Alaigyr” LLP.

21.On election of the Director of “Tau-Ken Mining” LLP.

22.On prolongation of the term of directorship of “Silicon Mining” LLP.

23.On assertion of goals for 2019 for the Corporate Secretary of “Tau-Ken Samruk” directorship JSC.

24.Consideration of the Performance reportof the Corporate Secretary of “Tau-Ken Samruk” NGK JSC for Q2 2019.

25.On early termination of the authorities of the General Director of JV “Alaigyr” LLP Shabarkhanov Dastan Kengirbayevich and appointment of Skakov Danel Mazhynovich.

In-present meeting of the Board of Directors of “Tau-Ken Samruk” NMC JSC was held on July 16, 2019, within framework of which the issue was considered:
1. On early termination of the authorities of Member of the Board of Directors of “ShalkiyaZinc LTD” JSC and appointment of Member of the Board of Directors of “ShalkiyaZink LTD” JSC.

In-Present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on May 20, 2019, within which 15 issues were considered:

1. Consideration of the Report on Implementation of the Business Plan (Development Plan) of JSC NMC Tau-Ken Samruk for 2019-2023 for Q1 2019.

2. On consideration of the Report on Implementation of Expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for Q1 2019.

3. On Defining Position of JSC NMC Tau-Ken Samruk as the participant of KazzincHoldings LLP on the issues on the activity falling to the competence of the general meeting of participants of KazzincHoldings LLP.

4. On amendment to the Charter of SARECO LLP.

5. On early termination of the authorities and termination of employment contract with Mr. Pirmatov E.A., Director of SARECO LLP.

6. On termination of the authorities of Mr. Sadu A.A., Member of the Management Board of JSC NMC Tau-Ken Samruk.

7. On provision of the consent to Mr. Kuanshaliyev B.S., Chief Director for Economy and Finance – Member of the Management Board of JSC NMC Tau-Ken Samruk to take position of the Member of the Board of Directors of AltynTauKokshetau JSC and Investment Committee of KazzincHoldings LLP.

8. On changing composition of the Supervisory Board of Tau-Ken Altyn LLP.

9. Performance evaluation of Members of the Management Board of JSC NMC Tau-Ken Samruk based on the implementation of the key performance indicators and approval of their Personal Development Plans for 2019.

10. On approval of the Risk Report of JSC NMC Tau-Ken Samruk for Q1 2019.

11. On approval of the consolidated Risk Register and Risk Report of JSC NMC Tau-Ken Samruk updated following results of Q1 2019.

12. On approval of the Action Plan on Critical Risk Management of JSC NMC Tau-Ken Samruk for 2019 (consolidated).

13. On termination of authorities of Mrs. Chinyayeva S.S., the Auditor of the Internal Audit Service of JSC NMC Tau-Ken Samruk.

14. On approval of the list of assets of JSC NMC Tau-Ken Samruk subject to withdrawal from the structure of the group of companies of Samruk-Kazyna JSC before 2028.

15. On amendments to the Charter of Alaigyr JV LLP.

In-Present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held in April 18, 2019, within which 12 issues have been considered:

1.Consideration of the annual Report of the Board of Directors of ShalkiyaZinc LTD JSC for 2018.

2.On approval and submission of the issue on procedure for distribution of net income for 2018 and amount of the dividend per ordinary share of JSC NMC Tau-Ken Samruk for 2018 for considerationof the Sole Shareholder.

3.On approval and submission of the issue on amendment of the Charter ofJSC NMC Tau-Ken Samrukfor considerationof the Sole Shareholder.

4.On amendment of the Charter of SARECO LLP.

5.Consideration of key performance indicators of the Internal Audit Service of JSC NMC Tau-Ken Samruk and its Head for 2019.

6.On consideration of the Budget of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2019.

7.On amendment of the composition of the Supervisory Board of Tau-Ken Temir LLP.

8.Consideration of the Performance Report of the Compliance Officer of JSC NMC Tau-Ken Samruk for Q1 2019.

9.Consideration of the Performance Report of the Corporate Secretary of JSC NMC Tau-Ken Samruk for Q1 2019.

10.On election of Kuanshaliyev Bauyrzhan Seitzhanovich – Chief Director for Economy and Finance – to the position of the Member of the Management Board of JSC NMC Tau-Ken Samruk.

11.On liquidation of Logic Business LLP, Logic Invest Capital LLP, DANA Investment House LLP.

12.Consideration of the Consolidated Report on Monitoring of Investment Project Implementation of JSC NMC Tau-Ken Samruk.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on March 26, 2019, within which 12 issues have been considered:

1)Consideration of the Report on Business Plan Implementation (Development Plan) of JSC NMC Tau-Ken Samruk for 2018-2022 for M12 2018.

2)On consideration of the Report on the Development Strategy Implementation of JSC NMC Tau-Ken Samruk.

3)Pre-approval of the annual financial statement of JSC NMC Tau-Ken Samruk for 2018 and its submission for consideration and approval by the Sole Shareholder.

4)Determination of the audit organization that implements audit of the consolidated and separate financial statement of JSC NMC Tau-Ken Samruk for 2019, 2020, 2021 and amount of payment for its service.

5)Consideration of the Annual Audit Plan of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2019.

6)On approval of the Action Plan on the Corporate Governance Improvement of JSC NMC Tau-Ken Samruk for 2019-2020 following independent evaluation.

7)On approval of the Risk Report of JSC NMC Tau-Ken Samruk for 2018.

8)On amendments to the Rules for Remuneration and Bonuses Payment to Employees of JSC NMC Tau-Ken Samruk approved by the decision of the Board of Directors of JSC NMC Tau-Ken Samruk dated January 29, 2018 (Minutes No. 01/18).

9)On early termination of the powers of Members of the Board of Directors of ShalkiyaZinc LTD LLP and on election of new Member of the Board of Directors of ShalkiyaZinc LTD LLP.

10)On election of the Director of Tau-Ken Progress LLP.

11)On re-election of the Director of TauKenMining LLP.

12)On quantitative composition of the Management Board of JSC NMC Tau-Ken Samruk, approval of Members of the Management Board of JSC NMC Tau-Ken Samruk, position evaluation (grades) and official salary schemes of Members of the Management Board of JSC NMC Tau-Ken Samruk.

13)On approval of the Regulation on Rendering Social Assistance to the Executives of JSC NMC Tau-Ken Samruk.

14)On approval of the motivational key performance indicators for Members of the Management Board of JSC NMC Tau-Ken Samruk and their target values for 2019.

15)On approval of the project on exploration, production and processing of tungsten-bearing sands on Boguty site (M&A) transaction providing for establishing of JV with 20% share of participation owned by JSC NMC Tau-Ken Samruk in the authorized capital, in cooperation with SHMinerals LLP.

16)On approval of the project “TMO “Staroye” tailing dump of Zyryanovksy lead plant (M&A) transaction, providing for establishing of JV with 10% share of participation owned by JSC NMC Tau-Ken Samruk in the authorized capital, in cooperation with EurasianMineralstrade LLP.

17)On approval of the alienation of the right of subsoil use for the exploration of gold ore in the South Moiyntinsky area owned by JSC NMC Tau-Ken Samruk, in favor of AuraziaMining LLP

18)On determination of the position of JSC NMC Tau-Ken Samruk as the participant in Massalsky MPP LLP on the issues of the activity related to the competence of the general meeting of shareholders of Massalsky MPP LLP.

19)On decrease in the authorized capital of Northern Katpar LLP.

20)On consideration of the information on transactions in implementation of which there is an interest.

21)On changing of the composition of the Supervisory Boards of some Subsidiaries of JSC NMC Tau-Ken Samruk.

22)On early termination of powers of Skakov Danel Mazhynovich, General Director of Tau-KenTemir LLP, and appointment of Akberdin Rustam Alexandrovich to the position of the General Director of Tau-KenTemir LLP.

In-present meeting of the Board of Directors of JSC NMC Tau-Ken Samruk was held on February 7, 2019, within framework of which 23 issues have been considered:

1)On approval of the total headcount of employees and organizational structure of JSC NMC Tau-Ken Samruk.

2)On amendments to the Charter of LLP JV Alaigyr.

3)On approval of the Action Plan on implementation of the expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for 2019.

4)On approval of the alienation of 100% of equity interest of JSC NMC Tau-Ken Samruk in the authorized capital of SARECO LLP in favor of ATEK OJSC.

5)On approval of the CAPEX projects (projects of capital expenses) providing for an increase in the raw material base of Silicon Mining LLP.

6)Consideration of the Consolidated Report on Monitoring of Investment Projects Implementation of JSC NMC Tau-Ken Samruk.

7)On approval of the consolidated Risk Map and Risk Register of JSC NMC Tau-Ken Samruk for 2019.

8)Consideration of the performance report of the Internal Audit Service of JSC NMC Tau-Ken Samruk for Q4 2018.

9)Performance evaluation of the Internal Audit Service of JSC NMC Tau-Ken Samruk for Q4 2018.

10)Consideration of the performance report of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2018.

11)Performance evaluation of the Internal Audit Service of JSC NMC Tau-Ken Samruk for 2018.

12)On election of the expert to the composition of the Audit Committee of the Board of Directors of JSC NMC Tau-Ken Samruk.

13)On election of the General Director of LLP JV Tau-Ken Project.

14)Consideration of the performance report of the Compliance Officer of JSC NMC Tau-Ken Samruk for Q4 2018.

15)Consideration of the performance report of the Corporate Secretary of JSC NMC Tau-Ken Samruk for Q3 and Q4 2018.

16)On approval of the Rules for Evaluation of Employee Position of the Joint-Stock Company National Mining Company Tau-Ken Samruk.

17)On amendments to the decision of the Board of Directors of JSC NMC Tau-Ken Samruk dated November 29, 2018 (Minutes No.10/18).

18)On consideration of the Report on implementation of the expectations of the Sole Shareholder of JSC NMC Tau-Ken Samruk for 2018.

19)On consideration of the Report on Implementation of the Action Plan on Corporate Governance System Improvement of JSC NMC Tau-Ken Samruk for 2018-2020 for Q4 2018.

20)Consideration of the Report on Transparency and Efficiency of Information Disclosure of JSC NMC Tau-Ken Samruk for Q2 2018.

21)On annulment of the Regulations on Procedure of Provision of Periodical Reports (Information) to the Board of Directors of Tau-Ken Samruk JSC by Management Board of Tau-Ken Samruk JSC.

22)On annulment of the Regulations on provision of social support to employees of the Joint-Stock Company National Mining Company Tau-Ken Samruk, approved by the decision of the Board of Directors of JSC NMC Tau-Ken Samruk (hereinafter – the Company) dated August 29, 2014 (Minutes No. 10-14), as amended on November 8, 2016 (Minutes No. 09/16).

23)On approval of the description of the positions of Members of the Management Board of JSC NMC Tau-Ken Samruk.

Resolutions of 2018

Resolutions of 2017

Resolutions of 2016

Resolutions for 2015

Resolutions of 2014

Resolutions of 2013